Rumble and Power Slap reach agreement in principle for exclusive global rights to Seasons 2 and 3 of the popular new slap fighting league.
Agreement also includes additional Power Slap live events.
LONGBOAT KEY, Fla. And LAS VEGAS, March 13, 2023 (GLOBE NEWSWIRE) -- Rumble, the popular video-sharing platform (NASDAQ: RUM), today announced that it has reached an agreement in principle, subject to execution of a definitive agreement, with Power Slap for the exclusive global distribution rights for Power Slap Seasons 2 and 3 and live Power Slap events.
The agreement in principle for Power Slap live events and for Seasons 2 and 3 of Power Slap, builds on the existing partnership for exclusive streaming of the Power Slap Season 1 Live Finale, which generated nearly 200,000 concurrent viewers during the live event on Rumble and over 3 million views. Rumble and Power Slap expect to finalize and sign the underlying agreement in due course.
“We’re thrilled to call Rumble the future home of Power Slap,” said Frank Lamicella, President of Power Slap. “Rumble has been a dedicated partner of the sport and of our organization from the minute we launched. The growth has been phenomenal, and we couldn’t be any more excited for the next chapter in the development of this sport with Rumble as one of our biggest supporters.”
“The Power Slap 1 Finale blew away our expectations with over 3 million views,” said Rumble Chairman and CEO Chris Pavlovski. “We’re excited to partner with Power Slap for Seasons 2 and 3 and Power Slap live events,” he continued. “In just a few months, Power Slap has exploded on the platform and their incredible success is a testament to our committed support of new sports leagues on a dedicated vertical.”
“With homepage features, notifications, and joint advertising, we’re bringing Power Slap to millions of empowered viewers and fans,” he added. “This new sport is shaking up the combat sports playbook and we are thrilled to see Power Slap lead the way for other sports leagues to join Rumble exclusively.”
You can subscribe to Power Slap’s Rumble channel at rumble.com/powerslap.
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the Internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com
ABOUT POWER SLAP
Power Slap is the world’s premier slap fighting promotion, regulated and sanctioned by the Nevada State Athletic Commission. Power Slap was founded in 2022 by Dana White, in partnership with Ultimate Fighting Championship. With over 1 billion views across social and digital platforms in the first quarter of 2023, Power Slap is paving the way for the sport of slap fighting.
Certain statements in this press release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this release are based on our current beliefs and expectations of our management as of the date of this release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, our ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, our ability to grow and manage growth profitably, maintain relationships with customers, compete within our industry and retain key employees; the ability to finalize and execute the definitive agreement underlying the agreement in principle with Power Slap or the ability to reach such agreement on terms that are favorable to us; the possibility that we may be adversely impacted by economic, business, and/or competitive factors; our limited operating history making it difficult to evaluate our business and prospects; our inability to effectively manage future growth and achieve operational efficiencies; our recent and rapid growth not being indicative of future performance; our inability to grow or maintain our active user base; our inability to achieve or maintain profitability; our failure to comply with applicable privacy laws; occurrence of a cyber incident resulting in information theft, data corruption, operational disruption and/or financial loss; potential liability for hosting a variety of tortious or unlawful materials uploaded by third parties; negative publicity for removing, or declining to remove, certain content, regardless of whether such content violated any law; impediment of access to our content and services on the Internet; significant market competition that we face; changes to our existing content and services resulting in failure to attract traffic and advertisers or to generate revenue; our dependence on third party vendors; our inability to realize the expected benefits of financial incentives that we offer to our content creators; potential diversion of management’s attention and consumption of resources as a result of acquisitions of other companies and success in integrating and otherwise achieving the benefits of recent and potential acquisitions; failure to maintain adequate operational and financial resources or raise additional capital or generate sufficient cash flows; adverse effect on our business by compliance obligations imposed by new privacy laws, laws regulating social media platforms and online speech in the U.S. and Canada; and those additional risks, uncertainties and factors described in more detail under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.