Stratus Media Group Inc. is a global owner and operator of live entertainment events and owner of the Stratus Rewards Visa White Card, a premium lifestyle membership club. The company today announced it has successfully closed a round of financing that delivered gross proceeds of $14.1 million. Maxim Group LLC served as a placement agent for $8 million; Fusao Assets S.A. served as a placement agent for $3 million.
“Since Stratus was founded, we have made significant progress in building a large portfolio of assets and preparing to monetize those assets into revenues,” Paul Feller, president and CEO stated in the press release. “This financing will allow us to implement business plans for multiple verticals, produce live entertainment events, and initiate the Stratus Rewards Visa White Card program.”
To execute its plans to grow both domestically and internationally, Straus has realigned its properties into five vertical divisions: film, music, motorsports, action sports, and Stratus Rewards.
“All divisions within Stratus are aligned with a common set of objectives,” Feller stated, “and this financing will allow our management team to implement the business plan that we believe will provide for growth in global revenues and ‘top of mind’ awareness of the Stratus brands.”
By refocusing its efforts, paired with the necessary funding and placement of key personnel, Stratus expects to advance its business plan and position itself as a leading global provider of live entertainment and lifestyle branding opportunities.
Feller said the company will continue to offer its lifestyle events while it reaches out to saturate other emerging global entertainment markets such as digital entertainment and commerce.
Stratus anticipates it will receive an additional $2 million in gross proceeds through the sale of preferred stock and warrants over the next several months.
For more information visit www.stratusmediagroup.com or www.stratusrewards.com