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VYRE Network Presents Its Newly Formed Entertainment Finance Company, Itibari Waynne & Partners
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.
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