Avenida Entertainment Group Inc.
English-language streamer for US Latinos
Overview
Raised: $139,858
Rolling Commitments ($USD)
02/28/2024
$965
164
2023
Media, Entertainment & Publishing
Non-Tech
B2B2C
High
High
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$242,988 |
$145,674 |
COGS |
$55,045 |
$116,381 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-530,243 |
$-470,239 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$922 |
$132,447 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$103,802 |
$237,189 |
Short-Term Debt |
$678,222 |
$56,405 |
Long-Term Debt |
$499,931 |
$777,573 |
Total Liabilities |
$1,178,153 |
$833,978 |
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Founder Profile
Hollywood's New Avenue: Avenida's Latino Wave
The Latino community is underrepresented in American movies and series. Latinos born in the United States are not seeing their realities on the screen. To bring more diversity to the Latino public, Fanny Grande and her husband, Nelson Grande, are launching their streaming platform. We contacted Fanny to understand how her long experience in the movie industry helped her identify the problem and build a solution consumers will want.