MSG Milestone Grp

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Milestone announces launch of Alchemy TV 
 
   Milestone, (AIM: MSG) the provider of digital media and technology 
solutions announces that its subsidiary Nexstar has expanded its unique 
Alchemy digital media platform to now include a 24/7 online over-the-top 
("OTT") TV streaming service, Alchemy TV which goes live today. 
 
   Alchemy is a digital platform that allows its users to purchase the most 
recent music, video and e-books, make charitable donations, and fund 
social initiatives. 
 
   Following today's launch of Alchemy TV, Alchemy users can now choose 
from an extensive library of over 100 streaming channels offering family 
entertainment, news, sports, lifestyle, drama, TV programming, 
children's TV and documentaries. This new service is available as a 
stand-alone and white label option. 
 
   Alchemy TV is free for Alchemy users and can be extended to include 
access to its premium services allowing the viewer to purchase the 
latest TV programming and Box Sets. 
 
   Milestone will receive a share of advertising revenues generated both 
through the consumption of media across these channels and from the 
creation of third party accounts and premium services sold. 
 
   The Over The Top (OTT) market is estimated to grow from USD 28.04 
billion in 2015 to USD 62.03 billion by 2020 with a compound annual 
growth rate of 17.2%. 
 
   The site can be found at http://www.alchemy-media.net/alchemytv 
 
   Deborah White, CEO of Milestone commented: 
 
   "This is an important development for the business as we now have an 
exciting OTT entertainment offering for public consumption. Alchemy 
offers content that appeals to a global audience and rewards its 
customers with the knowledge they have helped support a charitable cause 
in the process. The platform has been designed to showcase the Company's 
expanding range of products and services with more developments expected 
shortly." 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. 
 
   For further information: 
 
 
 
 
Milestone Group PLC 
Deborah White, Chief Executive                   Tel: 0207 929 7826 
 
Cairn Financial Advisers LLP, Nominated Adviser 
Liam Murray                                      Tel: 0207 148 7900 
 
Hybridan LLP, Broker 
Claire Louise Noyce                              Tel: 0203 764 2341 
 
Walbrook PR Limited, PR 
Gary Middleton/Paul Cornelius/Paul Whittington   Tel: 0207 933 8780 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

October 28, 2016 02:01 ET (06:01 GMT)

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