VYRE Network Presents Its Newly Formed Entertainment Finance Company, Itibari Waynne & Partners
MWN-AI** Summary
VYRE Network (OTC Pink: VYRE), a pioneering global streaming platform, has announced the formation of Itibari Waynne & Partners (IWP), an Entertainment Finance Company developed in partnership with Waynne Manor Corp. IWP aims to support independent creators in the film and television sectors by providing substantial financing—up to $5 million per project—while allowing creators to retain ownership of their intellectual property. IWP’s unique financial model mitigates 80% to 100% of the risks associated with funding entertainment projects, guaranteeing distribution through VYRE's ecosystem.
Currently, IWP is in discussions with various funding sources, including banks and entertainment-focused hedge funds, to finance an initial pipeline of 15 projects. Notably, five projects already have secured commitments for approximately $15.35 million. IWP's revenue will derive from origination fees based on the funding total and shared programmatic advertising revenue from VYRE’s content distribution, alongside potential production service offerings.
Leadership for IWP will be provided by CEO Bruce Waynne Nugent, who offers expertise in entertainment financing, and President Itibari Zulu, known for his strategic acumen in financial partnerships. Together, they aim to enhance capital opportunities for underrepresented creators.
As IWP prepares for full operations in the third quarter of the year, VYRE Network has also completed a name change, now trading under the symbol VYRE. This rebranding is aimed at enhancing market presence and shareholder value, while VYRE continues its mission to empower filmmakers and athletes to reach broader audiences with innovative content.
MWN-AI** Analysis
VYRE Network's recent announcement of the formation of Itibari Waynne & Partners (IWP) positions the company uniquely within the entertainment financing sector, particularly beneficial for independent creators. This strategic partnership could offer significant upside potential for VYRE Network (OTC Pink: VYRE) and investors interested in the evolving landscape of film and television production.
IWP's innovative model aims to derisk financing for filmmakers while guaranteeing distribution on the VYRE platform. By securing substantial funding commitments—a total of approximately $15.35 million for five projects—and promising up to $5 million per project, IWP provides a scalable avenue for growth. This risk-managed approach could attract more independent creators who often face barriers to entry in a complex financing environment.
Revenue generation through origination fees and advertising revenues further strengthens the business model. Additionally, the dual revenue streams from project financing and content distribution mean that as project pipelines expand, VYRE Network’s revenue could become more robust, fostering a potentially lucrative feedback loop between creators and audience engagement.
The leadership team, with their expertise in entertainment financing, can pivot VYRE into a significant player in this niche market. Their focus on underrepresented creators aligns with current trends favoring inclusivity and diverse storytelling—key elements driving audience loyalty and engagement today.
However, investors should remain cautious. The unpredictable nature of the entertainment industry, alongside the inherent risks in startup funding and operational scalability, warrants a vigilant approach. While the upfront indicators are promising, the success of IWP will hinge on its ability to execute efficiently and sustain momentum.
In summary, VYRE Network is positioned at an intriguing intersection of opportunity and risk. For investors, a close watch on project announcements and funding outcomes will be crucial in assessing the viability of their long-term investment strategy in this newly established entertainment finance sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Los Angeles, California--(Newsfile Corp. - June 4, 2025) - VYRE Network (OTC Pink: VYRE), a leading FREE global streaming platform dedicated to serving the next generation of filmmakers, TV creators, and athletes by providing global distribution, film financing, and production support, is pleased to announce that it has partnered with Waynne Manor Corp. to launch a new Entertainment Finance Company, Itibari Waynne & Partners ("IWP").
IWP is a mission-driven organization dedicated to financing and supporting the entertainment community and having a focus on independent creators of film and television. Our unique approach derisks 80% - 100% of the associated risk of financing entertainment projects, while guaranteeing distribution for creators through VYRE Network's integrated ecosystem. IWP will provide up to $5,000,000 per project, to empower creators to produce original content while retaining ownership of their IP. For investors, the program offers secure, structured returns.
IWP is presently engaged in discussions with several key funding sources, including individual investors, banks, and entertainment-focused hedge funds, to secure financing for an initial 15 distinct projects. These initiatives are currently at various stages of onboarding and funding review. Public announcements will be made upon successful closure of each project funding. Notably, five of these projects, representing an aggregate commitment of approximately $15.35 million, have already secured funding or have firm funding commitments.
The program generates revenue for the Company through two distinct channels. First, IWP collects origination fees, which are calculated as a percentage of the total amount funded and are charged for services provided during the funding process. These fees are received at the time funds are advanced to the creator. Second, VYRE Network derives revenue from content distribution on the VYRE platform, sharing programmatic advertising revenue with content owners whenever their content is viewed. Additionally, IWP may generate supplementary income by offering production services to projects, leveraging the group's extensive industry relationships to provide these services as required.
IWP will be driven by the leadership of "Bruce" Waynne Nugent, an entertainment professional who has demonstrated a deep understanding of the loan guarantee programs and its impact on entertainment financing and Itibari Zulu, an architect in strategic financing, acquisitions and financial partnerships. They bring expertise and valuable insights that strengthen VYRE's mission and commitment to expanding access to capital and distribution to the underserved independent film and entertainment community.
"I'm very excited to lead this effort. I've been lucky to sit in the driver seat of my career and won't take the responsibility lightly while helping other creators navigating theirs." - Bruce Waynne, CEO
"With a background rooted in finance and marketing, and a passion for helping people realize their goals and dreams, we're building more than a company, we're building a movement. Nothing compares to the fulfillment of playing a key role in someone's journey to success." - Itibari Zulu, President
IWP has begun ramping up to full operation, expected to be in the third quarter of the year. The group has entered into discussions with the 16 studio partners that VYRE has strategically curated to assist in leading the mission for upgraded independent original content on VYRE. Other independent production companies will also be able to submit projects for funding through the https://iwp.capital website.
In addition, the Company is very pleased to announce that the VYRE Network public company name and symbol change has been completed so that it aligns with its business name. VYRE Network is now traded on the OTC Markets under the symbol VYRE. The Company has been awaiting the name change to align with the brand on the market and to kickstart marketing and branding that will push forward shareholder value on a global scale. Now with no identity confusion, VYRE can brand its operations, partnerships, users acquisitions and financial reports without an explanation of how to find VYRE on the market.
As VYRE continues to serve as a bridge between entertainment professionals, financing solutions and supporting initiatives that enhance inclusion and sustainability, you can stream content for free anywhere, anytime, through Apple TV, iPhone, Android, Samsung TV, Roku, Amazon Fire TV, LG, Sony, Tizen, the web (https://vyre.tv) and more.
About Itibari Waynne & Partners
Itibari, Waynne & Partners (IWP) is a mission-driven financial partner providing capital and support for underrepresented creators in film, television, and digital media. We remove financial barriers and offer both funding and an ecosystem of resources to help bring powerful stories to life. iwp.capital
ABOUT VYRE NETWORK
VYRE Network is dedicated to serving the next generation of filmmakers, TV creators, and athletes by providing them with the tools and opportunities needed to succeed in the entertainment industry. Through global distribution, film financing, and production support, VYRE bridges the gap between independent and mainstream entertainment, ensuring that emerging talent has access to a broader audience and greater resources.
Since its launch in 2019, VYRE has remained committed to empowering creators by offering a platform that fosters innovation, creativity, and exposure. By championing diverse voices and groundbreaking content, VYRE Network continues to redefine the entertainment landscape, helping filmmakers and athletes turn their visions into reality on a global scale. VYRE.tv
VYRE Network
Investor Relations
ir@vyrenetwork.com
Social Media @vyrenetwork
Forward Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words estimate, project, intend, forecast, anticipate, plan, planning, expect, believe, likely, should, could, would, may or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254435
FAQ**
How does the launch of the Itibari Waynne & Partners (IWP) by Vyre Network VYRE affect the financial landscape for independent filmmakers in Los Angeles, California?
What specific types of projects are being prioritized for funding through IWP by Vyre Network VYRE, and how are they aligned with the current trends in the Los Angeles entertainment industry?
In what ways does Vyre Network VYRE plan to leverage its partnerships with Los Angeles-based studios to maximize the impact of IWP for content creators?
How does the focus on inclusion and sustainability in financing and distribution by Vyre Network VYRE resonate with the diverse creative community in Los Angeles, California?
**MWN-AI FAQ is based on asking OpenAI questions about Vyre Network (OTC: VYRE).
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