CORAL SPRINGS, Florida, June 10, 2016 /PRNewswire/ --
Companies, businesses including Entertainment Artists depend more and more upon digital streaming online platforms for delivering content globally to consumers as the digital media sector is growing at a rapid pace. The latest online streaming developments are partly responsible for a huge source of the growth spurt in the broadcast/wireless sectors as consumers are desiring more streaming options for enhanced convenience.
In digital content broadcasting news in the markets today of importance: Cleartronic, Inc. (OTC: CLRI) executed a Letter of Intent with iStream Network, Inc. to acquire and "spin-off" iStream Network as its own separate trading entity by filing a Form 10 with the Securities and Exchange Commission with Cleartronic shareholders retaining a (12%) percent interest in the issued and outstanding stock of iStream. Should a spin-off occur, iStream would obtain its own CUSIP, be assigned its own trading symbol and be an independent company with a registered class of stock. iStream broadcasts and deliver content globally from a multitude of venues as well as through relationships with entertainment companies including http://www.proselect.com , a content provider which recently executed an exclusive delivery agreement with iStream network. Proselect works with some of the top artists in the world and their events have been viewed by millions worldwide.
Read the full Cleartronic (CLRI) Press Release at: http://www.financialnewsmedia.com/profiles/clri.html
"There are great synergies between the two companies", said Larry Reid, CEO of Cleartronic, "we envision using iStream technology in many facets of our business, and if the spin-off occurs we anticipate distributing Cleartronic's iStream shares to our shareholders of record as a special dividend." It just makes sense that two companies of like-mindedness work together in achieving their goals, we couldn't imagine a better opportunity than working together with Cleartronic." Said Jory Staton, CEO of iStreamNetwork, Inc.
In other broadcast/wireless developments of importance in the markets; SiriusXM (NASDAQ: SIRI) and Sonos last month announced the debut of SiriusXM Music for Business on Sonos. SiriusXM Music for Business is now available for the first time for businesses using Sonos wireless products. The easy-to-use Sonos app enables restaurants, hotels, offices, retailers, and other businesses to integrate SiriusXM's wide-variety of licensed commercial-free music from every genre without additional equipment. SiriusXM Music for Business paired with Sonos allows businesses to meet the unique requirements of each environment and enhance the customer experience.
Pandora (NYSE: P), the go-to music source for fans and artists, this week announced its new visual ad experience - a series of native, mobile ad formats that make rich media, video and display ads more impactful and effective for marketers. Built to tap into the power of Pandora's 80 million monthly active users, it gives listeners more control over the ads they see and delivers stronger results for brands. The ads launch in beta this summer with Express and the Lexus Dealer Association, and will be available to all advertisers later this year.
Amazon (NASDAQ: AMZN) announced plans for a new technology development center in downtown Minneapolis that will create 100 full-time, technology-focused jobs. To celebrate Amazon's expansion in the Minneapolis community, Amazon is donating $10,000 plus mentoring support to local nonprofit Code Savvy to help the group's mission of encouraging youth's understanding of coding and promoting diversity in the technology industry. Amazon currently has hundreds of employees in Minnesota and is in the process of hiring an additional 1,000 full-time employees for its new Shakopee, Minnesota, fulfillment center.
Vodafone PLC (NASDAQ: VOD) (VOD.L) said it was merging its New Zealand unit with the country's biggest pay-TV firm, Sky Network Television (SKT.NZ), in a $2.4 billion deal that will enable it to offer customers packages of entertainment, broadband and mobile. The biggest deal in New Zealand this year will give Sky Network the chance to expand beyond its traditional satellite broadcast market, which has been shaken up by the arrival of Netflix and Apple Inc's (AAPL) online content service. Sky's shares jumped nearly 20 percent. Vodafone said the tie-up would enable it to offer Sky's sports and entertainment programming to its mobile and fixed-line subscribers who increasingly wanted to access more content and communications from a single provider.
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