Los Angeles, June 2, 2025 – VYRE Network, (OTC: 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 created a new Entertainment Finance Division focused on providing a unique financial solution to support the underserved independent film and entertainment community.
Itibari Waynne & Partners (“IWP”), a subsidiary company of VYRE network, is a mission-driven organization dedicated to financing and supporting independent creators in film and television. 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’s unique approach to funding derisks 80% – 100% of the project investment, while guaranteeing distribution for creators through VYRE Network’s integrated ecosystem.
IWP is presently engaged in discussions with several key funding sources, including individual investors, banks, and entertainment-focused hedge funds, to secure financing for 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 firm 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 needed.
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.
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 a number of studio partners that VYRE has strategically curated to assist in leading the mission for upgraded independent original content on VYRE, with the goal of bringing 16 studio partners in before the end of the year. 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 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, for Free through Apple TV, iPhone, Android, Samsung TV, Roku, Amazon Fire, LG, Sony, Tensen, 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
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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.