TIDMFAL
RNS Number : 3422S
Falcon Media House Limited
02 October 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
2 October 2017
Falcon Media House Limited
("Falcon", the "Group" or the "Company")
Commercial Licensing Agreements and Strategy Update
Falcon Media House (LSE:FAL), the global digital media group
focused on the over-the-top ('OTT') market, is pleased to announce
the signing of a commercial licensing agreement with Africa
Enterprise Media Group ('AEMG'), experts in digital and broadcast
technologies based in South Africa, to supply software technology
and brand assets for a direct-to-consumer OTT service in Africa.
AEMG, the media arm of LaserNet Group, with whom Falcon signed a
Memorandum of Understanding ('MoU') in July 2017. In a strategy
update, Falcon today also announce the intention to sharpen its
focus on Quiptel's patented suite of software and technology
solutions, and restructure its content division.
Commercial Licensing Agreement with AEMG
AEMG has now purchased a licence for the Quiptel Media Platform
('QMP'), including access to the patented Q-Flow technology. The
contract allows AEMG to both act as a regional reseller of QMP and
to launch a direct-to-consumer OTT video service in Africa. The
service is expected to launch in Q4 2017, and aims to reach 25,000
paying subscribers within 24 months. As part of the agreement,
Falcon will receive share of the revenues generated by the
service.
Going beyond traditional network limitations, QMP delivers
flawless streams using its patented Q-Flow technology. Designed to
overcome the challenges of congested and slow connections to
deliver content to the end user using the most efficient and
cost-effective route, it enables seamless streaming over even the
most challenging networks and mobile conditions. Rather than
investing in hardware and laying new network cables, the joint
solution will enable broadcasters and cable companies to increase
their market share with a lower capital expenditure. Q-Flow
provides a unique win-win solution for both the OTT Operator and
their end users alike.
Ivan Bridgens, CEO Africa Enterprise Media Group, said, "We are
delighted to strengthen our commercial partnership with Falcon
Media House and Quiptel, and deliver TeeVee Africa, a
direct-to-consumer OTT video service for African consumers. This
burgeoning market is often overlooked, and technology solutions
designed for developed markets are typically not suitable to the
harsh technology realities on the continent. Luckily, with QMP and
Q-Flow we can serve seamless video streams across any network and
device, finally bringing exciting content to millions of African
consumers."
Gert Rieder, Chief Executive Falcon Media House, commented,
"When we signed the MoU with AEMG in July, it was always our
intention to move to a commercial arrangement fast. This deal is a
testament not only to our ability to execute on our plans, but also
an important step in our joint efforts with AEMG to deliver
seamless video streaming services to the African continent. More
than half a billion people across Africa now subscribe to mobile
services, with the number expected to grow to 725 million by 2020 -
and these are the defacto devices used to consume content. We are
excited about our partnership with AEMG and our ability to
capitalise on this untapped market opportunity."
Strategy Update
Since coming to market in March 2017, Falcon has demonstrated
the potential of Quiptel's patented software technology, securing
global partner agreements to deliver OTT services in Africa and
Asia, as well as a MOU with TATA Communications (UK) Limited to
collaborate on OTT services aimed at brands, content creators,
content catalogues and rights holders. Falcon has also launched a
beta version of a dedicated sports service together with The
Eastern College Athletic Conference ("ECAC").
The potential of the Company's technology to disrupt the
existing industry was further endorsed with the appointment of the
highly successful US tech and media guru, Diane McGrath, as the
Falcon Media House Chief Strategy Officer in June 2017.
Going forward, Quiptel's technology and software patents will
now drive the Company's primary business focus. This strategic
refinement simplifies the Company's offering, where the Falcon
Board see significant potential to provide a clear path to market
for global brands, operators and rights-holders that are
under-served by existing providers.
As the technology focus tightens, the Falcon Board has taken the
opportunity to restructure the Company's interest in the Teevee
Makers division. Teevee Makers will now become a separate entity
independent of the Falcon Media House group. As part of the new
set-up, Teevee Makers will assume responsibility for the ECAC
service under a new commercial licensing agreement, and the ECAC
service is expected to launch in 2017, with Quiptel as a technology
supplier. By moving to a licence and revenue sharing model, the
Company will reduce its financial exposure whilst maintaining
significant growth potential.
Gert Rieder, Chief Executive Falcon Media House, commented, "We
believe that sharpening our strategic focus on our proprietary
technology will benefit Falcon, its customers and shareholders both
in the short and long term. We recognise, as do our customers, that
the best returns for the Company, in the fast-paced and dynamic
video streaming market, will come from accelerating the development
of our core Quiptel technology, which has already generated
significant interest. The deal with AEMG is a clear validation of
our new technology strategy."
**ENDS**
For more information visit www.falconmediahouse.com or enquire
to:
Falcon Media House Limited info@falconmediahouse.com
Gert Rieder
About Falcon Media House & Quiptel
Falcon Media House (LSE:FAL) is a global digital media group,
powering the new paradigm in media entertainment for intelligent
streaming of live and on-demand video. Its goal is to create an
ecosystem where great technology meets great entertainment and
delivering the right audience. The Group is capitalising on the
explosive demand for digital video, streamed "live" and
"on-demand", known as the Over-The-Top ('OTT') video streaming
market. Falcon Media House focuses on Technology, particularly
Quiptel's innovative patented software enabling "intelligent
streaming" on any network to any device, bridging the "last mile"
while dramatically improving Quality of Service ('QoS') and Quality
of Experience ('QoE'), and Media that supports brands, creators and
rights-holders in bringing unique and exclusive content to a global
audience.
This information is provided by RNS
The company news service from the London Stock Exchange
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