PALM BEACH, Florida, May 10, 2017 /PRNewswire/ --
One of the most competitive sectors in the entertainment industry has become the digital video streaming market as millions of consumers are making the switch from traditional cable to over the counter digital services. Major television providers continue to lose viewers while the aggressive digital video streaming industry continues to take the market by storm. Media companies in the markets with recent news and market performance of note include: Pandora (NYSE: P), Viacom Inc. (NASDAQ: VIAB), MK Automotive, Inc. (OTC: MKAU), Comcast Corporation (NASDAQ: CMCSA), Grupo Televisa, S.A.B. (NYSE: TV)
MK Automotive, Inc. (OTC: MKAU), a subscription-based live video streaming (over-the-top or OTT) service and original content incubator, today announced that its Clikia video streaming service has launched a Kickstarter campaign: https://www.kickstarter.com/projects/386446565/clikia-video-streaming-app
The Clikia Kickstarter campaign is open through June 7, 2017. - "Not only do we believe Clikia to be an ideal Kickstarter campaign, we also believe Kickstarter will provide an important source of funding without causing further shareholder dilution," said MKAU CEO and Clikia founder, David Loflin. "Obtaining funds with zero dilution to our shareholders would be a significant follow-up to our recent convertible debt restructuring that removed approximately 4.7 billion shares from the market overhang," Mr. Loflin added. Mr. Loflin also indicated that the company is extremely hopeful that the success of the Clikia streaming platform in attracting users will translate to Kickstarter support. Read this and more news for MKAU at: http://www.marketnewsupdates.com/news/mkau.html
Clikia is a content delivery company within the rapidly expanding 'over-the-top' marketplace, an extremely attractive and active marketplace positioned at the very center of the inevitable, unstoppable merger of two dynamic universes: television and digital video.
In other industry news and developments in the markets:
Pandora (NYSE: P) yesterday announced it has entered into an agreement for a $150 million strategic investment from KKR. In connection with the investment, Richard Sarnoff, KKR's Head of Media & Communications Private Equity investing in the Americas, will join Pandora's Board of Directors. "We are happy to be partnering with KKR on this investment," said Naveen Chopra, chief financial officer at Pandora. "A strong balance sheet gives us the ability to accelerate growth investments when appropriate and to compete aggressively in a rapidly changing, complex market."
Viacom Inc. (NASDAQ: VIAB) announced in late April the launch of the Global Product Development Group, a new, streamlined team dedicated to creating multiplatform products for audiences around the world, with a focus on video content. The group has been charged with establishing a unified strategy for developing digital applications and websites for Viacom's teen- and adult-oriented brands, including BET, Comedy Central, MTV, Paramount Network, VH1, TV Land, CMT and Logo. It will work closely with Viacom's brands and technology, ad sales and content distribution functions to ensure these products both enhance how audiences engage with Viacom's content and support the Pay TV ecosystem, such as through the use of authenticated video.
Comcast Corporation (NASDAQ: CMCSA) and Charter, both regional cable operators, this week announced an agreement to explore potential opportunities for operational cooperation in their respective wireless businesses to accelerate and enhance each company's ability to participate in the national wireless marketplace. The companies, which have each separately activated a mobile virtual network operator ('MVNO') reseller agreement with Verizon Wireless, have agreed to explore working together in a number of potential operational areas in the wireless space, including: creating common operating platforms; technical standards development and harmonization; device forward and reverse logistics; and emerging wireless technology platforms. The efficiencies created are expected to provide more choice, innovative products and competitive prices for customers in each of their respective footprints.
Grupo Televisa, S.A.B. (NYSE: TV) closed up slightly on Tuesday at $24.72 trading over 4.6 Million shares by the market close. Grupo Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico and an operator of a leading direct-to-home satellite pay television system in Mexico. Televisa distributes the content it produces through several broadcast channels in Mexico and in over 50 countries through 26 pay-tv brands, and television networks, cable operators and over-the-top or 'OTT' services. In the United States, Televisa's audiovisual content is distributed through Univision Communications Inc. ("Univision") the leading media company serving the Hispanic market.
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