Helbiz (HLBZ) Stock Soared 152.16% on Amazon Prime Serie B Streaming Partnership

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Simon Mugo
Updated: 21 Sep 2021

Helbiz Inc (NASDAQ: HLBZ) stock soared 152.16% after its media division signed a lucrative partnership deal with Amazon to stream all Helbiz Live content on devices and TVs equipped with Amazon Prime Video throughout Italy.

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The deal will also see Helbiz stream the entire Serie B soccer championship within Italy, given that Helbiz Media is the sole distributor of Serie B media rights globally.

The three-year partnership will allow Amazon Prime subscribers access to all Helbiz Live content, including the Serie B championship games for the next three seasons, which are 2021/2022, 2022/2023 and 2023/2024.

The partnership broadens Amazon’s Prime offering in Italy, likely to result in more prime subscriptions.

Matteo Mammì, Helbiz Media’s CEO, said: “This partnership with Amazon represents a significant step for Helbiz Live and widens the range of sports-related content offered on Amazon Prime Video Channels,”

Adding:

“It will allow an alternative way of streaming exclusive Helbiz Live content, such as the Serie B championship. We are pleased to have been selected as a partner of Amazon and look forward to working closely together over the coming seasons.”

This is the second such deal in a week after Helbiz Media signed a similar agreement with FOX networks to stream Serie B championship matches within North America.

The deal gave Helbiz Media access to the North American market and marked the first time Serie B content was available within the region.

Helbiz stock price.

Tradingview chart of Helbiz stock price 21-09-2021

Helbiz stock soared 152.16% during premarket trading to trade at $36.21, rising from Monday’s closing price of $14.36.

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