We have been approached by an established international multiscreen TV platform operator to seek investment for further global expansion. Plans include the acquisition of a larger aggregation network of compelling TV content, technical investment in switching and signaling capabilities, the creation of an ad network and further enhancements to their online collateral
They are looking to raise $4 million by offering between 7% – 11% of the company.
The business has been set up for broadcasting and watching TV-channels on all connected devices including Smart TV, mobile (OS Android/iOS), OTT, IPTV, PC and set-top-boxes. The company resides is Skolkovo innovation center and already provides free multiscreen broadcasting of hundreds of TV-channels worldwide:
- 4M +households
- 4M + users
- 100M + connections pm
- 3 hrs average viewing time per connection per day
- 6000 + connected TV playlists of local Internet/IPTV providers (Aug 2016)
- 6 Billion + per month banner impressions
- Number 1 TV application on LG Smart TVs
- Apps Awards winner
The business currently offers free multiscreen viewing and paid TV packages for the most popular TV channels. Customers have access to the services anytime, anywhere and on any screen. Broadcasters get an affordable and efficient way to expand their worldwide audiences with detailed statistics [of connections]available.
IPTV operators and Internet service providers can integrate their playlists of TV channels free of charge while expanding their subscriber base. Advertisers (advertising agencies, aggregators) have worldwide access to large publishers with a huge volume of advertising inventory.
Detailed financial information is available on request.