Clikia™ Video Streaming App Enjoys Seamless iTunes Store Debut, Rides Cord-Cutting Trend
May 16 2017 - 4:52PM
InvestorsHub NewsWire
SOURCE: MK Automotive, Inc.
|
Pay TV Subscriber Loss Over Last 5 Quarters: -1.2%,
-1.3%, -1.4%, -1.8% and -2.4%
PHOENIX, AZ--(NewMediaWire
- May 16, 2017) - MK Automotive, Inc. (OTC PINK: MKAU), a live video streaming (over-the-top or
OTT) service and original content incubator, announced today that
the May 16, 2017, debut of the Clikia App for iPhone, iPad and
AppleTV in the Apple® iTunes Store went off without issue. Users
are now enjoying Clikia on their Apple devices, as Amazon fire TV®,
Amazon fire Tablet® and Roku® users have been doing for several
weeks.
"The Clikia App's availability has, in our view, put us on the
Streaming Map," said MKAU CEO and Clikia founder, David Loflin.
"And that Streaming Map," added Mr. Loflin, "is getting bigger and
bigger, given the dramatic acceleration in cable TV subscriber
losses. As reported recently by the analyst firm MoffettNathanson,
the quarter-over-quarter subscriber losses have, since the start of
2016, gone from minus 1.2% to a whopping minus 2.4% for the quarter
ended March 31, 2017. Clikia is on the right side of the
business."
About Clikia
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.
Clikia's entertainment streaming packages are flexible enough to
satisfy younger consumer groups, as well as the traditional
consumer groups who have become comfortable in securing a
wide-ranging buffet of programming options from a single
provider.
What is "Over-the-top"?
"Over-the-top," or OTT, is the term used to describe the
delivery of film and TV content via the Internet, without requiring
users to subscribe to a traditional cable or satellite pay-TV
service, like Comcast or Time Warner Cable.
This Press Release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission and OTC Markets, Inc. OTC Disclosure and News
Service. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.