ImagineAR Inc (CSE:IP) (OTCQB:IPNFF) (FRA:GMS1) said it has entered into a strategic partnership with Global Sports Initiatives (GSI), a firm that markets digital infrastructure as a monetization service to sports, esports, and leagues throughout the world.
“Based on my personal experience as a former owner and managing partner of the New York Yankees, I know that if today I were a current owner of any sports team around the world, regardless of location, and I found out I could globalize fan engagement in seconds to exponentially create more revenue streams with very modest changes, that is something that I would certainly embrace. Sports globalization and technology are clearly the future and here to stay,” said GSI managing director Joseph A. Molloy.
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GSI aims to create exponentially advanced novel revenue streams by cost-efficiently transitioning stadiums and venues into “Smart” content production studios, with Molloy himself currently maintaining regular communication with owners of Major League Baseball teams, as well as various NFL, NBA, NHL, and MLS owners and European football club leagues.
“We can quickly and cost-effectively turn any stadium or venue around the globe into its own “Smart” content production studio. ImagineAR technology is our exclusive Augmented Reality provider, and we are now the only company in the world who can globally distribute content in new immersive and interactive ways,” added GSI chief executive Kevin J. Meredith.
Meanwhile, ImagineAR CEO and president Alen Paul Silverrstieen said: “ImagineAR has started working with GSI targeting sports franchises and leagues. We are optimistic this partnership will generate new revenue opportunities for both companies.”
ImagineAR specializes in augmented reality (AR) platforms, such as its own ImagineAR.com, which enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience.
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