HLBZ Stock: Why It Significantly Increased Today

By Annie Baker ● Sep 21, 2021
  • The stock price of Helbiz Inc (NASDAQ: HLBZ) increased by over 170% during intraday trading today. This is why it happened.

The stock price of Helbiz Inc (NASDAQ: HLBZ) – a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq – increased by over 170% during intraday trading today. Investors are responding positively to Helbiz announcing an agreement between Helbiz Media (the company’s media arm and exclusive distributor of the Serie B media rights worldwide) and Amazon Italy to broadcast Helbiz Live contents and the entire Italian Serie B Championship on all devices and TVs equipped with Amazon Prime Video Channels throughout Italy.

Helbiz Live is known as an OTT service that utilizes advanced technologies and consolidated infrastructures to guarantee the highest quality standards when streaming live across smartphones, tablets, computers, and televisions. And with a monthly subscription to Helbiz Live, Serie B fans in Italy can stream all regular-season matches and playoff games on devices with Amazon Prime Video. This agreement also includes the broadcast rights of the next 2021/2022, 2022/2023 and 2023/2024 Serie B Championship seasons.

Partnering with Amazon Italy expands Helbiz Live’s service in Italy and provides wider viewership access for Serie B Championship fans. And Helbiz Live will be available for subscribers to stream on Amazon Prime Video Channels in the coming weeks.

KEY QUOTE:

“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. 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.”

— Matteo Mammì, CEO of Helbiz Media

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.