Authentic Holdings, Inc.
Authentic Holdings, Inc. is a U.S.-based development-stage media and merchandising company that has evolved from its earlier identity as Global Fiber Technologies. Its current business centers on acquiring, licensing, and monetizing entertainment assets, including full-length motion pictures, serial television shows, vinyl-record-related content, and music rights. The company operates through subsidiaries such as Maybacks Global Entertainment and Authentic Heroes, and it is trying to build revenue through content distribution, advertising-supported streaming, and licensing partnerships. Management also describes plans to expand into streaming, music NFTs, and pay-per-view event distribution, making the company a hybrid of media IP ownership and digital distribution.
Fiscal year 2024 · change from previous year
Development 2019–2024
Business
Share of revenueDistribution of films, TV shows, and other media assets across broadcast and streaming channels.
AVOD and FAST monetization through ad inventory and revenue-sharing platform deals.
Vinyl record releases, master recording licensing, and related music monetization.
Use of licensed content, master recordings, and other intellectual property rights.
Planned pay-per-view and other event-based media offerings.
Customers
The company sells primarily to distributors, streaming platforms, and media aggregators that need content libraries or ad-supported programming. It also targets big-box retailers and mass merchandisers for vinyl releases, especially seasonal and holiday-themed products. In addition, the company is trying to reach large consumer audiences indirectly through platform partners such as LIME X, Plex, and Whale TV rather than relying only on direct-to-consumer sales. Its customer base is therefore a mix of B2B media buyers, retail channel partners, and digital platform operators who monetize content through advertising or subscription-like distribution models.
Buy film, TV, and AVOD-ready content to fill ad-supported channels and on-demand libraries.
License or distribute the company’s media assets in exchange for revenue sharing or syndication economics.
Big-box and mass merchandiser channels that buy vinyl records, especially themed seasonal releases.
Partners such as Plex, Whale TV, and LIME X that extend reach and monetize content through ad splits.
Viewers of planned PPV events that would generate transaction-based media revenue.
Strategy
The company’s near-term strategy is to secure financing, stabilize operations, and convert its content assets into recurring distribution revenue. Management is prioritizing partnerships with large distributors and platform operators to expand reach without building a large direct-sales infrastructure. It is also trying to diversify beyond ad revenue by monetizing its acquired film and TV library through AVOD, FAST, on-demand streaming, and potentially PPV. Longer term, the company wants to build a broader entertainment IP platform around licensed music assets, streaming rights, and digital monetization formats such as NFTs.
The company has limited cash and a going-concern risk, so external funding is necessary to keep executing the business plan.
Partnerships with distributors and platform operators are the fastest way to scale audience reach and revenue without heavy infrastructure spending.
The Goliath acquisition is intended to create multiple revenue streams beyond advertising and improve asset utilization.
Management wants to move beyond one-off inventory sales into a durable licensing and rights-based business model.
Geography
Authentic Holdings is headquartered in New Jersey and appears to conduct most of its operating activity from the United States. The company’s reported business development is centered on U.S.-based partners and distributors, although its platform relationships are designed to reach global audiences through digital distribution. Management specifically referenced a global distributor for LIME X and a smart-TV ecosystem through Whale TV, which suggests international reach even if the company’s direct operating footprint remains limited. The tariff discussion around merchandise imported from China also indicates exposure to cross-border sourcing and trade policy, especially for vinyl-related products.
Risks
The most immediate risk is financial survival, as the company has a going-concern warning, defaulted notes, limited cash, and a history of losses. Its business model depends on raising capital and converting content assets into revenue, which is difficult for a small company competing against larger media and streaming operators. Execution risk is high because the company is still building distribution relationships, integrating acquired assets, and trying to prove that its content can generate repeatable monetization. It also faces industry risks from advertising cyclicality, platform dependence, content licensing economics, and trade/tariff exposure on merchandise such as vinyl records imported from China.
The company reports limited cash, a working capital deficit, and uncertainty about funding future operations.
Exposure: Operations and solvency
Several promissory notes are in default, increasing the risk of creditor pressure and dilution or restructuring.
Exposure: Balance sheet and capital structure
Revenue growth depends on third-party distributors and platform operators that control audience access and ad monetization.
Exposure: Distribution and monetization
Management specifically cited 250% tariffs on merchandise imported from China, which can disrupt vinyl economics and sourcing decisions.
Exposure: Vinyl and merchandise supply chain
The company is still proving whether acquired media assets and licensing rights can generate durable revenue streams.
Exposure: Media library and IP assets
Accounting
Judgemental itemsThe company amortizes licenses and other intangibles over 5 to 15 years, which directly affects operating expense and earnings timing.
Impact: Reported profitability
Management must test acquired media assets for impairment if expected cash flows weaken or market conditions change.
Impact: Potential non-cash write-downs
Distribution and platform agreements may involve variable consideration, splits, and timing differences that affect when revenue is booked.
Impact: Quarterly revenue comparability
Advances to vendors or production counterparties were deemed uncollectible, showing that recoverability estimates can materially affect results.
Impact: Other expense and asset valuation
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Last updated: 24/09/2026