Acquisition Accelerates NextTrip Media Growth, Strengthening Audience 
Reach and Advertising Opportunities 
      SANTA FE, NEW MEXICO / ACCESS Newswire / April 7, 2025 / NextTrip, Inc. 
(NASDAQ:NTRP) ("NextTrip," "we," "our," or the "Company"), a leading 
travel technology company dedicated to transforming how travelers plan, 
book, and experience trips, 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"). 
      About JOURNY 
      JOURNY is a travel-entertainment app at the intersection of travel, art, 
and culture! Watch award-winning television series and popular shorts 
focused on immersive experiences and unique storytelling for FREE! 
Powered by Ovation and designed for the conscientious traveler, our 
programming centers on world travel, cultural tourism, and global 
citizenry. Utilizing a network of talented and passionate travel 
filmmakers, producers and creators, JOURNY brings together the voices 
and stories that make us connected and human. JOURNY is also available 
as a FAST channel destination, with hours of bingeable, curated 
programming. For more information visit JOURNY.tv 
      About NextTrip 
      NextTrip (NASDAQ: NTRP) is a technology-driven platform delivering 
innovative travel booking and travel media solutions. NextTrip Leisure 
offers individual and group travelers' vacations to the most popular and 
sought-after destinations in Mexico, the Caribbean, and around the 
world. The NextTrip Media platform - Travel Magazine - provides a social 
media space for viewers to explore, educate, and share their "bucket 
list" travel experiences with friends. Additionally, NextTrip is 
launching an end-to-end content ecosystem that utilizes AI-assisted 
travel planning to capture advertising, build brand awareness, reward 
loyalty, and drive bookings. For more information and to book a trip, 
visit www.nexttrip.com. 
      Forward-Looking Statements 
      This press release contains "forward-looking statements" within the 
meaning of Section 27A of the Securities Act of 1933, as amended, and 
Section 21E of the Securities Exchange Act of 1934, as amended (which 
Sections were adopted as part of the Private Securities Litigation 
Reform Act of 1995). Statements preceded by, followed by or that 
otherwise include the words "believe," "anticipate," "estimate," "expect, 
" "intend," "plan," "project," "prospects," "outlook," and similar words 
or expressions, or future or conditional verbs such as "will," "should," 
"would," "may," and "could" are generally forward-looking in nature and 
not historical facts. These forward-looking statements involve known and 
unknown risks, uncertainties and other factors. Among the important 
factors that could cause actual results to differ materially from those 
indicated by such forward-looking statements are risks relating to, 
among other things, the Company's ability to effectively integrate the 
JOURNY business with its own; the Company's development efforts related 
to its Compass.tv platform, JOURNY channel and its other platforms; 
changes in the FAST industry, including changes in demand, viewership 
and revenue generating opportunities; changes to acceptance of 
NextTrip's products and services; changes in travel trends; changes in 
domestic and foreign business, market, financial, political and legal 
conditions; unanticipated conditions that could adversely affect the 
company; the overall level of consumer demand for NextTrip's 
products/services, and Compass.tv and JOURNY TV channel in particular; 
general economic conditions and other factors affecting consumer 
confidence, preferences, and behavior in the travel industry; disruption 
and volatility in the global currency, capital, and credit markets; the 
financial strength of NextTrip's customers; NextTrip's ability to raise 
additional capital to fund its operations; NextTrip's ability to 
implement its business strategy; changes in governmental regulation; 
NextTrip's exposure to litigation claims and other loss contingencies; 
stability of consumer demand for NextTrip's products and services; any 
breaches of, or interruptions in, NextTrip's information systems; 
fluctuations in the price, availability and quality of products as well 
as foreign currency fluctuations; NextTrip's ability to maintain its 
Nasdaq listing; and changes in tax laws and liabilities, tariffs, legal, 
regulatory, political and economic risks. NextTrip disclaims any 
intention to, and undertakes no obligation to, revise any 
forward-looking statements, whether as a result of new information, a 
future event, or otherwise, except as required by applicable law. For 
additional information regarding risks and uncertainties that could 
impact NextTrip's forward-looking statements, please see disclosures 
contained in the company's Annual Report on Form 10-K for the fiscal 
year ended February 29, 2024 filed with the SEC on September 4, 2024 and 
our other filings with the SEC which may be viewed at www.sec.gov. 
      Contacts 
      Chris Tyson 
      Executive Vice President 
      MZ Group - MZ North America 
      949-491-8235 
      NTRP@mzgroup.us 
      www.mzgroup.us 
      SOURCE: NextTrip 
      View the original press release on ACCESS Newswire 
 
 

(END) Dow Jones Newswires

April 07, 2025 09:05 ET (13:05 GMT)