In an exclusive sale bound to attract attention, GemCap Solutions, LLC will auction off an impressive array of assets from Loop Media, Inc. and Retail Media TV, including valuable domain names like “loop.tv” and trademarks such as “Loop Media” and “Retail Media TV.” Scheduled for December 5, 2024, this auction is set to be a prime opportunity for businesses and investors to acquire high-demand intellectual property, customer lists, trade equipment, and other assets from these established Nevada-based media companies.
This secured party sale, organized by GemCap Solutions as the representative of GemCap Holdings, LLC, allows bidders to vie for these assets through a phone-based auction. Potential buyers, however, must first meet certain requirements to participate, securing their place as Qualified Bidders. Once qualified, participants can dial in and compete in a live, competitive bidding environment to take home these unique media assets.
Assets Up for Grabs: From Domains to Equipment
Beyond the coveted “loop.tv” domain and “Loop Media” trademark, a wealth of other assets are also on offer. The sale includes:
- Trademarks and Trade Names: Notable names like “Loop,” “Loop Media,” “Music News Loop,” and “Retail Media TV” are available, opening up new branding opportunities.
- Domain Names: The flagship domain “loop.tv” is a prime asset, ideal for companies in streaming, digital media, or entertainment seeking a short and memorable web address.
- Customer List: With Loop Media and Retail Media TV’s established customer base, bidders have a unique opportunity to acquire these targeted customer lists, offering potential growth and revenue channels.
- Inventory: Existing product inventory is included, providing immediate assets for resale or repurposing.
- Accounts Receivable: Outstanding invoices owed to Loop Media are part of the sale, giving bidders a chance to assume these accounts and the potential for collecting on them.
- Furniture, Fixtures, and Equipment (FF&E): From office furniture to specialized media equipment, these assets are an attractive addition for any business expanding its physical and operational capacity.
Here’s the list of the 6 trademarks:
- Country: United States of America
- Title: LOOP (word mark)
- Owner: Loop Media, Inc.
- Case Status: Registered
- Case Ref.: 744783/US
- Application No.: 88/581892
- Application Date: 8/16/2019
- Country: United States of America
- Title: LOOP (Logo 1)
- Owner: Loop Media, Inc.
- Case Status: Application filed
- Case Ref.: 744784/US
- Application No.: 90/895976
- Application Date: 8/23/2021
- Country: United States of America
- Title: LOOP (Logo 2)
- Owner: Loop Media, Inc.
- Case Status: Application allowed
- Case Ref.: 744785/US
- Application No.: 88/581994
- Application Date: 8/16/2019
- Country: United States of America
- Title: MUSIC NEWS LOOP
- Owner: Loop Media, Inc.
- Case Status: Application filed
- Case Ref.: 757178/US
- Application No.: 90/895981
- Application Date: 8/23/2021
- Country: United States of America
- Title: MUSIC NEWS LOOP (Word Logo)
- Owner: Loop Media, Inc.
- Case Status: Application filed
- Case Ref.: 757704/US
- Application No.: 97/021958
- Application Date: 9/10/2021
- Country: United States of America
- Title: MUSIC NEWS LOOP (Design Logo)
- Owner: Loop Media, Inc.
- Case Status: Application filed
- Case Ref.: 757705/US
- Application No.: 97/021910
- Application Date: 9/10/2021
Here’s a list of the domain names:
- Loop.tv
- LoopApi.tv
- LoopDev.tv
- LoopMedia.tv
- LoopReward.com
- Screenplay-Entertainment.com
- ScreenplayEnt.com
- ScreenplayEntertainment.com
- ScreenplayInc.com
- ScreenplayInc.net
- Spkr.com
- TotalEclips.com
- TotalEclips.net
How to Participate in the Auction
Becoming a Qualified Bidder requires some groundwork. Interested parties must:
- Sign a Confidentiality Agreement: A standard requirement to protect sensitive business information, this agreement helps ensure a secure and fair bidding process.
- Demonstrate Financial Capacity: Bidders need to show they have the funds to complete the purchase by submitting recent financial statements or other proof of financial readiness.
- Submit a Bid Deposit: Each Qualified Bidder must place a deposit equal to 10% of their intended bid. This amount will be held in escrow, demonstrating the bidder’s commitment to the auction.
- Complete an Asset Purchase Agreement: Prepared by GemCap, this formalizes the bid and sets the terms of the sale.
For additional information or assistance with required documents, GemCap representatives Michael Berens and David Ellis are available via email or phone.
Media Assets Galore – A Rare Opportunity
For brands seeking established digital and media footholds, this auction offers a rare opportunity to acquire fully established brand assets. Media entities or startups aiming to enhance their market presence will find these assets particularly valuable. The upcoming auction may indeed be a once-in-a-lifetime event, with top-notch media resources just a bid away.
Auction Format and Buyer Considerations
The assets will be sold in “as is” and “where is” condition, with no guarantees regarding their state or usability, making it important for buyers to consider potential repairs or maintenance. Also, since GemCap has the option to place a credit bid on any asset and retains the right to reject any bid, bidders should be prepared for a dynamic and competitive environment. The sale may feature assets in individual lots, combined groups, or as a single, complete package, depending on bidding dynamics.
The sale is a golden opportunity for any business or individual looking to stake a claim in media and digital properties, with Loop Media’s domain names and other assets poised to enhance a buyer’s brand presence significantly.
The auction will take place “as is” and “where is,” meaning all items are sold without guarantees or warranties. Buyers are urged to carefully consider the condition of each asset, as no assurances of quality, completeness, or fitness for specific uses are offered. This is a common setup in auctions for foreclosed properties, adding a layer of risk but also potential value for savvy investors.
GemCap Solutions reserves the right to bid on behalf of the secured party, ensuring that bids reflect the assets’ intrinsic value. They may also reject bids or cancel the sale if minimum expectations are not met.
For further information or to begin the qualification process, potential bidders should contact Michael Berens at [email protected] or (530) 304-6922, or David Ellis at [email protected] or (310) 494-1437.
