OTT Studio to Utilize Whip Media FASTrack to Accurately and Efficiently Process Royalty Statements for Its Content Distribution Partners

Whip Media adds its latest beta launch customer to FASTrack, a new platform dedicated to helping partners consolidate and manage distribution revenue in one convenient place  

LOS ANGELES, June 6, 2023 – Whip Media, the leading enterprise software platform and data provider to the world’s largest entertainment organizations, announced today that OTT Studio, owner and operator of one of the fastest-growing networks of AVOD streaming services and FAST channels, has become the latest company to harness Whip Media FASTrack, Whip Media’s new product designed to solve problems associated with FAST and AVOD channel reporting. 

OTT Studio both acquires and distributes content to the largest platforms on connected television (CTV). Its portfolio of AVOD streaming services and FAST channels content is available on the majority of major CTV devices and FAST platforms. 

The Los Angeles-based company has more than 6,000 film and TV titles that it manages across its dozens of FAST and VOD channels. 

Whip Media FASTrack will help OTT Studio meet its goals by managing the viewership and revenue data stemming from its multiple distribution partners. The platform, after aggregating OTT Studio’s viewership and financial data, will also calculate royalties and generate statements for the company to share with its content suppliers.

“Our entire team couldn’t be more excited to have OTT Studio onboard and using Whip Media FASTrack,” said Ben Widger, Whip Media Account Executive. “OTT Studio, between its array of compelling titles and distinctive FAST channels, is an ideal partner for Whip Media FASTrack. We’ll handle the revenue statements so they can focus on what really matters – which is finding and distributing the top free content on the market.”  

Whip Media FASTrack will support OTT Studio’s portfolio of branded top-ranking AVOD and FAST channels, including: 

  • Free Movies Plus, which features a premium library of on-demand movies, TV shows and FAST channels  
  • Christmas Plus, which offers the largest selection of holiday-related content available on streaming

OTT Studio is one of the largest independent networks on CTV, with more than 10 million users across its AVOD streaming apps and millions of hours viewed monthly on its FAST channels. 

“Locating the best content is difficult enough. Add in the challenge of quickly and accurately reporting revenue splits to our content suppliers, and it becomes an even bigger challenge,” said James Patrick, OTT Studio’s Co-Founder. “Fortunately, Whip Media FASTrack now handles the complex and often time-consuming tasks that come with revenue reporting for us – allowing OTT Studio to focus on our main priority: Finding the shows and movies that our viewers will love.” 

Whip Media FASTrack was unveiled in April ahead of MIPTV in Cannes. It supports a handful of other service types as well, including SVOD, TVOD, streaming apps, and more, making visible to companies the entirety of their distribution revenue in one convenient place. Entertainment organizations are also able to track content provider contracts and generate statements automatically. 

OTT Studio joins Best Ever Channels and Motorvision.TV as beta launch customers of Whip Media FASTrack. General Availability of Whip Media FASTrack is anticipated for Q3 2023. For more details, please visit www.whipmedia.com/fastrack

About Whip Media 

Whip Media is reimagining content licensing to create a smarter, more connected entertainment ecosystem. We help the world’s largest entertainment organizations succeed in today’s high-volume, high-velocity global content environment with a market leading cloud software platform that combines unique, actionable insights with scalable, connected workflows for licensing, content planning and financial operations. For more information, visit www.whipmedia.com

About OTT Studio

OTT Studio is one of the fastest growing publishers in CTV. The Los Angeles-based company develops and operates a network of some of the most popular streaming services and FAST channels in the US. Across its diverse portfolio of streaming apps and channels, OTT Studio has developed a proven approach to content programming and discovery that is designed to maximize growth and video value for their content partners across all platforms. Its reach spans more than 20 video networks and FAST channels across countless devices and platforms. More information about OTT Studio can be found at www.ott.studio.