Galicia croons on karaoke deal
Published 01-OCT-2015 09:10 A.M.
|
1 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Galicia Energy (ASX:GAL) reverse takeover target TV2U continues to build on its over-the-top cloud-based video on demand platform, adding a karaoke label into the mix.
TV2U subsidiary TARA TV announced a deal to add over 13,000 tracks and 1500 full motion karaoke videos into the mix as part of a deal struck with Sunfly Karaoke.
As part of the deal, TV2U will embed the karaoke songs and accompanying videos into its ‘jukebox’ offering, in its attempt to build an over the top VOD service a la Netflix.
However, the key differentiator is that TARA TV offers niche content.
“Unlike Netflix or any other VOD alternative, TARA offers a high level of personalised niche content,” TV2U executive chairman Nick Fitzgerald told the ASX.
“Our alliance with Sunfly is a key strategic market play for alternative personalised on demand content and entertainment, it is just offering of the many TARA will offer customers for their enjoyment.”
The karaoke market, particularly in Asia-Pacific, is a key media opportunity.
For example, China-based online karaoke company Changba has 140 million registered users, 40 million of which are active monthly and 6 million daily.
To put that into perspective, Netflix globally has 62 million subscribers.
GAL is undertaking a reverse takeover of TV2U to tap into the potentially lucrative Asia-Pacific media market.
It said that the Sunfly deal was just a sign of things to come, with GAL saying that it had “many” deals currently under discussion.
TV2U itself is a broader cloud-based OTT play, with its subsidiary TARA an online content play revolving around entertainment.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
