AHRO Closes $11M Goliath Acquisition, Expands Revenue Pipeline
- Checkers
- May 5
- 3 min read
the $11 million acquisition of Goliath Motion Pictures Promotions, bringing more than 40,000 legacy TV episodes, films, documentaries, and concert specials under full ownership. The purchase adds a significant asset base to AHRO’s balance sheet and gives the company long-form content spanning multiple genres and generations. But this acquisition is only part of the story.
Those titles are now being deployed across iDreamCTV, AHRO’s streaming network, which
soon comes pre-installed on Whale OS. The Whale OS smart-TV platform is active in more than 43 million devices across over 400 brands, giving AHRO access to a user-base roughly 15% the size of $NFLX. With iDreamCTV appearing in the native menu from first startup, AHRO now combines full content ownership with built-in distribution to tens of millions of U.S. households.
But the distribution network doesn’t stop there. AHRO has also plugged its iDreamCTV offerings directly into LimeX, a downloadable streaming platform with more than 100 million installs across mobile and connected-TV devices. This added reach all feeds directly into the monetization model, where engagement rate and viewing time are the main drivers of revenue through real-time programmatic ads.
That monetization engine has already started to scale. In Q1 2025, ad placements were up more than 500% year over year while only 10% of available inventory was in use. Q2 bookings are already pacing ahead of the full 2024 total, showing accelerating demand. That growth is being driven by VAST Tag infrastructure, which routes each stream into real-time programmatic ad exchanges. As more of the Goliath catalog rotates into the schedule, new 15- to 30-second slots are expected to open across the grid.
AHRO has seen its prime-time slot rates increase from $2.50 last year to $15 as of March, and management is now eyeing $50 to $100 per as fill rates and platform exposure expand. With U.S. connected-TV ad spend projected to top $30 billion next year, AHRO’s programmatic infrastructure is beginning to unlock the kind of monetization leverage that makes a difference at exactly the right time.
To put AHRO’s position into context, Fox turned down offers above $2 billion for Tubi in 2023, while Viacom paid $340 million for Pluto TV in 2019. AHRO trades below a $5 million market cap, yet just added $11 million in content assets through its Goliath acquisition, has its network embedded across tens of millions of televisions, and now taps into additional distribution with nine-figure reach.
In parallel with these latest developments, the company announced plans to begin taking holiday-season vinyl orders in July and August. The last time they ran this campaign back in 2022, the company booked more than $6 million in retailer commitments. Management has also signaled ongoing talks with television maker Hisense for a VAST Tag partnership, along with discussions to expand streaming distribution through additional large platforms.
As for the share structure, AHRO has 2.27 billion common shares outstanding and 2.5 billion authorized, leaving little room for dilution. In March, the company converted about $2 million of debt into performance-based preferred equity and carries no convertible notes. Preferred shares issued for the Goliath acquisition are locked for three years and may convert at no more than 20% of the class each year after that, keeping the share structure stable while the company scales operations.
AHRO has already done the heavy lifting. The content is in place, the distribution grid is active, and the monetization engine is scaling. With the groundwork laid, the next phase is turning viewership into compounding returns... and that’s where things can really start to snowball. The market cap may still sit below $5 million, but the infrastructure looks built for something far bigger.
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