Newzulu goes Jamaican to diversify revenue
Published 11-FEB-2016 11:54 A.M.
|
2 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
Fresh from news of a US listing, news aggregator Newzulu (ASX:NWZ) has inked SaaS deals with Jamaica’s oldest-running newspaper and a US-based non-profit.
Both the deals, the value of which went undisclosed to the market, will involve the companies licensing the Newzulu platform as a white-label service rather than tapping into Newzulu’s platform.
In the case of its deal with The Gleaner Company, publisher of Jamaica’s oldest-running newspaper, it will use the platform to build its own news gathering network.
Jamaican users will be able to share stories around a number of content verticals with a multi-platform system designed for both mobile and desktop.
Instead of editors needing to trawl through their inbox to see if anybody sent in content, it will have a platform for citizen journalists to upload content directly.
In the US meanwhile, NWZ has inked a similar deal with non-profit The Herman Foundation.
It will use the Newzulu system to encourage students to upload audio, video, and photos sharing their experiences of education.
It is hoped by doing this, educators will have an insight into the everyday experiences of students rather than just looking at test scores.
The value of the deals went undisclosed, but it’s a sign that NWZ is increasingly diversifying its service from its more traditional offering.
About NWZ
NWZ owns a platform which gathers footage taken by so-called citizen journalists who happen to be on the scene of an unfolding event.
This can take the form of audio, video, or images.
News agencies are then able to plug into the platform and bid on the footage coming in to use for their news bulletins, with NWZ and the creators taking a cut.
More typically though, news agencies will sign up for an all-you-can eat subscription.
NWZ currently distributes its content through partnerships with Getty Images, Alamy, Agence France-Presse (AFP) in France, Press Association (PA) in the UK and Ireland, ddp images in Germany, Canadian Press (CP) in Canada, Australian Associated Press (AAP), Czech News Agency (CTK) in the Czech Republic and Aflo Co., Ltd in Japan.
The latest deal, however, demonstrates that NWZ is able to offer its back-end platform as a clean slate for parties interested in building their own hyperlocal content creation networks.
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.
