FastForward Innovations Limited Investee Company Update
19 April 2016 - 4:01PM
RNS Non-Regulatory
TIDMFFWD
FastForward Innovations Limited
19 April 2016
19 April 2016
FastForward Innovations Limited
("FastForward" or the "Company")
Investee company update: Yooya adds five new content partners,
increasing content and audience to its platform
FastForward Innovations, an AIM listed company trading under the
symbol FFWD, announces that its investee company Yooya has added
five new content partners to its online video network. These new
partners represent the value of Yooya's offering to content
creators, while bolstering its network with a cumulative 200
million lifetime video views.
Lorne Abony CEO of FastForward said "Yooya's continued growth in
the Chinese Online Video space is a testament to its value
proposition to content creators and advertisers. Yooya is building
a top destination for Global advertisers to reach the Chinese
audience with leading edge, video based ad technology".
Yooya's technology platform is a one-stop solution to manage the
distribution, analytics and monetisation of video content. This
platform allows both creators and advertisers to reach a wide
audience of users within China, where the online video market is
highly fragmented. Advertisers can leverage Yooya's network to
reach their target audience.
Yooya's news release reads as follows:
Yooya, one of China's fastest growing online video networks,
revealed that the company has recently signed five new video rights
owners as content partners, helping to further fill China's
voracious appetite for online entertainment.
The new content partners include Automobile Onion Rings, Baozou
Automobile, gourmet channel Kitchen Pose, Shuang Music, and comedy
channel Amikun. The new content partners between them have accrued
over 200 million lifetime views.
Driven by the rapidly expanding demand for such compelling
content online, and an innovative B2B offering that blends key
distribution, rights management, and advertising solutions, Yooya
is confident of attracting even more content partners to its online
video network
"China already has more than three times the number of online
video consumers than the United States, with tremendous growth
still ahead, so leading-edge advertisers are increasingly turning
to online video as the go-to media for reaching their target
demographics as effectively as possible," says CEO Rick Myers.
"What's been missing from the market so far though is the
ability to easily and cost effectively bring the right video
content and distribution partners into the advertising equation at
scale."
Yooya's platform is great news for brands and advertising
agencies in particular, who now have a single point of content for
reaching millions of video consumers across all major video
platforms in China, now that the Yooya network unites all the
relevant business partners: content creators, online video
platforms, and advertisers.
About Yooya
Yooya is one of China's fastest growing online video networks
and provides comprehensive content distribution, rights management,
and video-based advertising solutions.
Yooya's one-stop, technology-driven approach delivers broader
distribution, better data & analytics, superior monetization,
and more effective video advertising solutions to the company's
clients.
XXXXXXXXXXX
For further information please visit www.fstfwd.co or
contact:
FastForward Innovations Limited Tel: +44 1481 810 100 Elysium
Fund Management Limited
Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396 James
Biddle / Michael Cornish
Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20
7469 0930 Guy Miller / Lucy
Williams
CAUTIONARY STATEMENT
The AIM Market of London Stock Exchange plc does not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. All
statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks
and uncertainties, including, without limitation, statements
regarding potential values, the future plans and objectives of
FastForward Innovations Limited and the companies in which it
invests. There can be no assurance that such statements will prove
to be accurate, achievable or recognizable in the near term.
Actual results and future events could differ materially from
those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice.
FastForward Innovations Limited assumes no obligation to update
forward-looking statements should circumstances or management's
estimates or opinions change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 19, 2016 02:01 ET (06:01 GMT)
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