IOT Group Goes OTT in over 100 Countries
Published 15-JUN-2016 11:51 A.M.
|
3 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
IOT Group Limited (ASX: IOT) announced today that its subsidiary OTT Premium Pty Ltd (OTTP) has entered into an exclusive Asia Pacific Licensing Agreement with Xstream, a leading provider of over-the-top (OTT) solutions, to license, sell and market Xstream’s OTT Platform, Xstream MediaMakerTM throughout the Asia Pacific region.
Xstream is a is a tier 1 provider of OTT solutions and is considered a pioneer in OTT and TV Everywhere services and has been operating since 1999, working with world-leading operators, broadcasters, media companies and content owners.
Its cloud-based OTT Platform, Xstream MediaMakerTM simplifies the complexity of Internet TV, which looks to be overtaking traditional television viewing, especially with the rise of Netflix, Stan and other streaming services.
Over-the-Top (OTT) applications and services are the platform that delivers streaming and video-on-demand services to use on mobiles, tablet, web, smart TV, set-top-box and consoles and mobile devices at a lower cost.
OTT Premium now powered by Xstream will provide leading telcos, broadcasters, TV & film production companies and content owners with an OTT platform delivering content that can be viewed on multiple devices and languages worldwide direct to the audience. OTT Premium hopes to partner with the biggest players in streaming, content provision, cloud storage, analytics, billing gateways and application development to provide a complete end-to-end content delivery solution.
Bob Morrison, managing director of Xstream since 2015 will be joining the OTT Premium team in the same role. Mr Morrison is a known business strategist and respected industry leader bringing with him over 25 years of entertainment, media, television, content and OTT experience.
One of OTT Premium’s first clients in the APAC region will be Intervision, a B2C that brings homeland television to its viewers via the OTT Premium platform.
Intervision caters to the Arabic, Greek and Russian speaking communities with the view to expand its product offering.
OTT Premium plans to be a prominent player in the OTT TV and video space.
In general terms revenue from advertising on OTT sites is expected to triple across the Asia Pacific reaching US$ 8,745 million in 2021 up by US$ 6 billion in 2015. China will supply US$4,911 million of the 2021 total and will add US$1,838 million in SVOD revenues between 2015 and 2021, nearly sextupling its total.
Under the terms of the Agreement, OTTP will be granted an exclusive license to sell, market and license all Xstream products and services, including Xstream MediaMakerTM and its portfolio of affiliated products including all developments and products. The license will be for an initial term of 3 years with an option to renew for an additional 3 years at OTTP’s option subject to agreed KPIs.
Simon Hoegsbro, CEO of Xstream, commented, “The entire Asia Pacific region is experiencing tremendous growth in online video viewership. Entering this new era with OTT Premium will allow us to meet the increasing demand for our technology in this region. We are honoured that OTT Premium has chosen Xstream to spearhead its reach into the Asia-Pacific region and we are committed to working with OTT Premium to offer a flexible, best in class OTT platform across the Asia Pacific continuing our commitment to simplify the complexity of Internet TV for our customers.”
Ian Duffell, IOT Executive Director Business Strategy, said: “OTT (Over the Top) & TV everywhere is the biggest evolution we’ve seen in delivering content across all devices to consumers. Xstream is at the forefront of the OTT food chain and we are proud to be their exclusive partner across Asia Pacific. This is a significant step forward for OTT Premium.”
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.
