Neurotrope (NTRP) Acquires JOURNY TV Channel

Acquisition Accelerates NextTrip Media Growth, Strengthening Audience Reach and Advertising Opportunities

NextTrip, Inc. (NASDAQ: NTRP) today announced it has acquired the JOURNY trademark and associated domain names and other assets related to the business from Ovation, LLC. Ovation will remain involved with the channel via an ownership stake in NextTrip. This strategic acquisition enhances NextTrip's content portfolio, expands its advertising reach, and further strengthens its existing Compass.tv platform, reinforcing the Company's commitment to delivering premium travel discovery content that drives engagement and travel bookings.

JOURNY, a premier established adventure and travel-themed FAST (Free Ad-Supported Streaming TV) channel, curates immersive programming centered on exploration and global culture. Available on leading smartphones and FAST channel platforms that reach over 17 million active devices each month, JOURNY captivates a diverse and engaged audience with high-quality travel storytelling.

"We are thrilled to welcome JOURNY to the NextTrip family as we continue to expand our portfolio of high-quality, travel-centric content," said Bill Kerby, CEO of NextTrip. "This addition perfectly complements Compass.tv and enhances our ability to connect with a broader audience through compelling and inspiring travel narratives. We believe that JOURNY's established presence in the FAST space aligns with and accelerates our strategy to drive deeper audience engagement and create valuable opportunities for advertisers and travel package bookings."

Ovation CEO, Charles Segars, commented, "We are proud of JOURNY's evolution into a premiere destination for travel storytelling. As fans of the genre, we're excited to watch the service continue to grow as NextTrip leverages their library and production opportunities. As investors in NextTrip, we're excited to see JOURNY's distribution and reach contribute to the growing success of NextTrip's content and commerce ecosystem."

The addition of JOURNY to NextTrip's portfolio significantly bolsters NextTrip's presence in the booming FAST market, which reaches over 50 million active monthly users, exemplifying the immense potential of ad-supported streaming. Unlike traditional television, FAST channels offer viewers free, on-demand access to premium content in exchange for intermittent ads, fostering larger audiences and robust revenue generation for content providers.

The FAST industry is experiencing unprecedented growth. According to TBI, U.S. FAST channel revenues are projected to hit $12 billion by 2027, with Statista forecasting 79.8 million FAST viewers. Allied Market Research further reports a projected 15.4% CAGR for global FAST channels from 2023 to 2032, reflecting a surge in advertiser interest and investment in the space.

With JOURNY's travel-focused programming and Compass.tv's expanding ecosystem, the Company believes that NextTrip is well positioned to amplify its reach and advertising potential. This strategic synergy offers new opportunities for travel partners, content creators, and brands seeking high-impact digital exposure.

"We're excited about the expanded reach and new partnerships that JOURNY enables," added Kerby. "JOURNY and Compass.tv together create a powerful top-of-funnel discovery vehicle for travel brands, tourism boards, and advertisers looking to connect with engaged, adventure-seeking audiences."

Beyond delivering top-tier content, JOURNY serves as a platform for tourism boards, advertisers, and influencers to showcase destinations and experiences across digital, television, and social channels. With a growing roster of travel filmmakers and content creators, the channel provides a dynamic space for storytelling that inspires global exploration.

This addition of JOURNY marks a milestone in NextTrip's evolution, reinforcing its commitment to innovation, content diversification, and user engagement. By integrating JOURNY with Compass.tv, NextTrip continues to redefine the intersection of media and travel, making global discovery more accessible and inspiring for audiences and travel consumers worldwide.

The full terms of the JOURNY acquisition, including details on cash and restricted shares of NextTrip issued in the transaction, are available in NextTrip's Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC").

You May Also Be Interested In

• EigenQ and Silicon Valley Acquisition file S-4 for merger
• AAR To Pay $1.8B For Stake In Aircraft-maintenance Company - WSJ
• Faraday Future plans robotics spinoff with AIxC at $200M valuation