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Wednesday, Nov 29, 2023

Loop Media Signs Canadian Distribution Deal

Short-form video distributor Loop Media Inc. has signed a partnership agreement with Switch Inc., a Canadian telecom service provider.The Glendale company will provide its curated channels featuring music videos and other short-form content to Switch’s new Canadian television platform. Financial terms of the agreement were not disclosed.The deal helps expand Loop Media’s content into Canada, where the company has a satellite office in Toronto. Switch is based in Edmonton, Alberta.Loop said that through this partnership, Switch will be able to complement streaming companies such as Netflix Inc. in Canada with a homegrown focus. Loop’s music video channels include content from Canadian artists, as well as a source for curated music videos that are currently lacking in Canada, the company said.Loop Media distributes its library to restaurants, bars, casinos, cruise ships and other public venues and through apps available for iPhones and Android products.Shares of Loop Media (LPTV) closed Tuesday down 20 cents, or 5.5 percent, to $3.44 on the over-the-counter market.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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