TIDMFFWD
FastForward Innovations Limited
03 May 2016
3 May 2016
FastForward Innovations Limited
("FastForward" or the "Company")
Investee Company Yooya reaches 20 Platform Partners, 95%
reach
AIM listed FastForward Innovations Limited trading under the
symbol FFWD ("FastForward" or the "Company" or "FFWD") is pleased
to announce that its investee company Yooya, in which it holds a
15% interest, has recently signed its most recent major platform
partner, bringing its number of platform partners to 20. Platform
partnerships are significant for Yooya as they are a key indicator
of the size and breadth of Yooya's potential consumer reach.
FastForward CEO, Lorne Abony was quoted "We are very pleased
that Yooya has reached its 20(th) platform partnership, a year
early. Furthermore, we are delighted that Yooya now counts every
major online video platform in China as a partner and, combined,
Yooya now reaches 95% of the China online video market, Yooya is in
great company, partnered with leading Chinese Internet brands such
as Youku, Tudou, Tencent and many others, these are some of the
most prestigious internet and consumer brands in China"
Yooya's announcement as follows:
Yooya Hits 20 Platform Partner
Milestone One Year Early
[SHANGHAI, 28 April 2016] China's online video network Yooya has
now signed twenty platform partners, reaching this milestone a year
ahead of schedule. Yooya also continues to add new content
partners, and is driving over 250 million video views each
month.
In hitting this significant milestone, the company has now put
in place comprehensive commercial and distribution deals with every
major video platform in China, including Youku, Tudou, iQiyi,
Tencent QQ, Sohu, Bilibili, 163, PPTV, Acfun, Wasu, Meipai,
HunanTV, LeTV, V1, Toutiao, Wechat, Miaopai, Meila, Meili, and
Sina.
"With these new platform partners, Yooya has more than 95% reach
into China's online video market that boasted 450 million video
users in 2015. The figure is projected to rise to 700 million video
users by year-end," according to Yooya CEO Rick Myers.
"As a central distribution hub, Yooya now removes the complexity
for rights owners and content creators to get broad access to the
entire China market.
"For advertisers, reaching our latest major milestone provides
unrivalled opportunities to engage with their targeted audiences,"
Mr Myers adds.
Yooya's online video platform brings together content creators,
online video platforms, and advertisers for the benefit of all
three. Yooya provides distribution, rights management, and powerful
new advertising solutions that both monetize content and create
marketing opportunities, while also providing quality,
rights-protected content to China's voracious consumers of online
video.
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 to online video in
China delivers broader distribution, better data & analytics,
superior monetization, and more effective video advertising
solutions to the company's clients.
Media
Tel: +86 (21) 6385-8880
Email: pr@yooya.co
Website: www.yooya.co
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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(END) Dow Jones Newswires
May 03, 2016 02:01 ET (06:01 GMT)
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