Mrbeast is reportedly planning to launch a telephone company

Mrbeast, the 27 -year -old popular YouTuber, known for his complex challenges and gifts, enters a new bullet: he is alleged to start his own telephone company.

According to TrustingLooking at an investor leaks, Mrbeast plans to launch a mobile service next year. Business Insider also said that MRBEAST and Beast Industries executives are considering the possibility of Fintech and Mobile Gaming.

The new YouTuber plan includes the creation of a mobile virtual network (MVNO), a strategy that includes the offering of mobile service using existing networks from large companies such as AT&T, T-Mobile and Verizon. Working with one of these holders, MRBEAST can provide affordable prices and good service without the high cost of building a mobile network on its own.

This is similar to tactics used by other celebrities, such as Ryan Reynolds and Mint Mobile, which was sold to T-Mobile for about $ 1.35 billion. T-Mobile provides a MVNO solution and has previously collaborated with MRBEAST.

The upcoming venture is part of MRBEAST’s broader strategy to expand its brand, which includes food and lunch companies, as well as a game line. This new telephone company could help its business reach profitability. Although Mrbeast has a huge fan base with about 430 million youtube subscribers, media business is not money.

Last year, MRBEAST’s side, Feastables, created about $ 250 million in sales and over $ 20 million in profits, according to Parachute. Meanwhile, the media operation, which includes the YouTube channel and the reality competition in the prime video, lost nearly $ 80 million.