Authentic Holdings is an early-stage media and merchandising company with three business units. Maybacks Global Entertainment is an over-the-air and streaming TV network with 56 channels, broadcasting movies, sports, serialized TV shows, and live events from its own content library. Maybacks runs on a lean model — just three full-time employees — and outsources broadcasting operations to a third party. Maybacks earns revenue through advertising and channel access fees. Authentic Heroes creates sports and music memorabilia collectibles made from fibers sourced from original event-worn apparel, with each item's provenance recorded on a blockchain via an embedded QR code. Authentic Heroes also produces vinyl records and has minted 500,000 NFTs tied to its music products on the Ethereum blockchain. Goliath Motion Pictures, operated under a 10-year license, gives Authentic Holdings access to a library of over 14,000 motion pictures and TV shows, which currently serves as content for the Maybacks network. The company plans to tokenize this library for distribution on its own platforms and to license the tokenized platform to other networks and distributors, though this model has not yet generated revenue. None of the three businesses has achieved meaningful scale, and the company funds operations through debt and equity financing rather than operating cash flow.