TIDMYOLO
YOLO Leisure & Technology PLC
18 August 2016
YOLO Leisure and Technology plc
("YOLO" or the "Company")
TVPlayer signs content agreement with Viacom
YOLO Leisure and Technology plc, the AIM-quoted company focusing
on opportunities in the travel, technology and leisure sectors,
announces that, TVPlayer Limited, in which YOLO has an interest by
virtue of its investment into TVPlayer's parent company
Simplestream Limited, has signed a multi-year agreement with Viacom
International Media Networks ("Viacom") to simulcast a selection of
its pay-TV channels on TVPlayer Plus, TVPlayer's low cost
subscription TV service.
Viacom's channel portfolio comprises music channel MTV, Comedy
Central, Comedy Central Extra, Nickelodeon, Nick Jr. and Nick Jr.
Too, all of which will be available to existing TVPlayer Plus
subscribers across a full range of devices - including desktops,
mobiles, tablets, Apple TV, Samsung Smart TV, Amazon Fire TV and
various other set-top boxes.
In addition to live streaming over wired Internet and WiFi,
TVPlayer has also licensed 3G and 4G rights for all channels.
Simplestream launched TVPlayer, a live TV service that lets you
watch live TV for free in 2014. It is a next generation B2C
Over-the-Top ("OTT") TV platform which is now in regular use by
over 700,000 homes, reaching over 1.2m homes in June.
TVPlayer uses its in-house technology platform to reach the next
generation of TV viewer who are intent on watching their media
content online, whether at home or on the go. TVPlayer is
fully-licensed, having entered into multi-year content licensing
agreements with a wide range of both free-to-air and subscription
television broadcasters.
TVPlayer generates revenue through two business models; firstly
an ad-supported free-to-air TVPlayer service with 100+ channels and
secondly a paid subscription service with TVPlayer Plus, which is
the first service of its kind to offer premium channels in the UK
without a contract, providing 30 additional premium channels for a
monthly fee of GBP4.99. TVPlayer is on target to upgrade 5% of
homes using its free service to the subscription service by the end
of the year.
Adam Smith, Founder of TVPlayer, said: "Tweens and teenagers are
spending increasingly more time every week watching their favourite
programming, so it is paramount we routinely extend our
subscription content offering to appeal to these younger, hungry
audiences anytime, anywhere and on any device. With real-time
visibility of viewing habits from the one million UK households
that actively use TVPlayer, we've gained valuable insight to know
that Viacom is the perfect content partner to join our
platform."
Simon Robinson, CEO of YOLO Leisure & Technology plc,
commented:
"This is great news for TVPlayer to have secured this multi-year
agreement with Viacom, one of the world's largest media companies.
These are exciting times for the business with its impressive
momentum and growth, strong user engagement and a highly innovative
user experience. YOLO is very proud to be an investor partner."
--ENDS-
For further information please contact:
YOLO Leisure and Technology www.yoloplc.com
plc
Simon Robinson simon.robinson@yoloplc.com
Cairn Financial Advisers LLP
Sandy Jamieson, Emma Earl Tel: +44 20 7148
7900
Peterhouse Corporate Finance
Limited Sole broker
Eran Zucker / Lucy Williams Tel: + 44 20 7469
0930
Walbrook PR Ltd Tel: +44 20 7933
8787 or yolo@walbroookpr.com
Paul McManus/Sam Allen Mob: +44 7980 541
893/+44 7884 664
686
Notes to editors
YOLO Leisure and Technology plc
YOLO Leisure and Technology plc aims to focus on opportunities
in the travel, technology and leisure sectors. The Company's
Investing Policy is that the Company will invest in businesses
which have some or all of the following characteristics.
-- strong management with a proven track record;
-- ready for investment without the need for material re-structuring by the Company;
-- generating positive cash flows or imminently likely to do so;
-- via an injection of new finances or specialist management,
the Company can enhance the prospects and therefore the future
value of the investment;
-- able to benefit from the Directors existing network of contacts; and
-- the potential to deliver significant returns for the Company.
Simplestream Limited
Simplestream, a leading B2B provider of live streaming and
live-to-Video on Demand ("VoD") services was founded in 2010 and
has grown to become a leading provider of multi-platform live
streaming and CatchupTV services for the broadcast and media
industry. The company is profitable and employs 30+ staff in
central London. Its clients include A+E Networks, SONY, Universal
Music, News Corp, Box Television, QVC, MP & Silva and At The
Races amongst others.
TVPlayer, currently a 100% subsidiary of Simplestream, is a
freemium over the top (OTT) television service targeted at
non-payTV households in the UK. The TVPlayer app, which is
available across mobile, tablet and connected TV, offers over 30
premium channels from UKTV, Fox, A+E, Discovery, Eurosport, Sony,
Viacom and Turner for just GBP4.99 per month without a
contract.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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