Jerrick Media Holdings Inc (OTCQB:JMDA) CEO Jeremy Frommer tells Proactive Investors the tech company continues to focus on the development of digital communities and says distribution is key.
"Content may be king, but without the distribution, you don't have much of a kingdom," says Frommer.
Recently, the company locked down six-figure funding to develop new revenue streams for its long-form publishing platform Vocal. The creator-focused platform utilizes a proprietary algorithm to track views and monetize stories based on those data. Content creators can receive money directly from readers through its “Gifting” feature.
Frommer says the company is focusing on building a scalable business and hopes to see an uplisting in the next year.