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.

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68,1 %

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— Authentic Holdings, Inc.
%
Content distribution45% Distribution of films, TV shows, and other media assets across broadcast and streaming channels.
Advertising-supported streaming30% AVOD and FAST monetization through ad inventory and revenue-sharing platform deals.
Music and vinyl products15% Vinyl record releases, master recording licensing, and related music monetization.
Licensing and IP monetization7% Use of licensed content, master recordings, and other intellectual property rights.
Event and ancillary media3% Planned pay-per-view and other event-based media offerings.

The company sells primarily to distributors, streaming platforms, and media aggregators that need content libraries or...

  • Streaming and FAST platformsprimary

    Buy film, TV, and AVOD-ready content to fill ad-supported channels and on-demand libraries.

  • Content distributors and aggregatorsprimary

    License or distribute the company’s media assets in exchange for revenue sharing or syndication economics.

  • Retail music buyerssecondary

    Big-box and mass merchandiser channels that buy vinyl records, especially themed seasonal releases.

  • Platform partnersprimary

    Partners such as Plex, Whale TV, and LIME X that extend reach and monetize content through ad splits.

  • Event audiencesemerging

    Viewers of planned PPV events that would generate transaction-based media revenue.

Authentic Holdings is headquartered in New Jersey and appears to conduct most of its operating activity from the United...

  • •Headquartered in New Jersey, United States
  • •Primary operating base appears to be U.S.-centric
  • •Content distribution is designed to reach global audiences through partners
  • •Whale TV partnership extends reach across smart-TV manufacturers and homes
  • •LIME X agreement targets a large international download audience
  • •China tariff exposure affects merchandise sourcing and vinyl economics

The company’s near-term strategy is to secure financing, stabilize operations, and convert its content assets into...

01
Secure financing to support working capital and operationsshort-term

The company has limited cash and a going-concern risk, so external funding is necessary to keep executing the business plan.

02
Expand content distribution partnershipsshort-term

Partnerships with distributors and platform operators are the fastest way to scale audience reach and revenue without heavy infrastructure spending.

03
Monetize acquired media assets across multiple channelsmedium-term

The Goliath acquisition is intended to create multiple revenue streams beyond advertising and improve asset utilization.

04
Build a broader music and vinyl IP platformmedium-term

Management wants to move beyond one-off inventory sales into a durable licensing and rights-based business model.

The most immediate risk is financial survival, as the company has a going-concern warning, defaulted notes, limited...

critical

Going-concern and liquidity shortfall

The company reports limited cash, a working capital deficit, and uncertainty about funding future operations.

Scope
Operations and solvency
Materiality
high
high

Defaulted debt and refinancing risk

Several promissory notes are in default, increasing the risk of creditor pressure and dilution or restructuring.

Scope
Balance sheet and capital structure
Materiality
high
high

Platform and partner concentration

Revenue growth depends on third-party distributors and platform operators that control audience access and ad monetization.

Scope
Distribution and monetization
Materiality
medium
high

Tariff exposure on imported merchandise

Management specifically cited 250% tariffs on merchandise imported from China, which can disrupt vinyl economics and sourcing decisions.

Scope
Vinyl and merchandise supply chain
Materiality
medium
medium

Content monetization uncertainty

The company is still proving whether acquired media assets and licensing rights can generate durable revenue streams.

Scope
Media library and IP assets
Materiality
medium
Intangible asset amortization
Reported profitability
Goodwill and intangible impairment
Potential non-cash write-downs
Revenue recognition for licensing and revenue-sharing deals
Quarterly revenue comparability
Uncollectible advances
Other expense and asset valuation

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: 11/08/2026