FastForward Innovations Limited Investee Company Update: Yooya
July 20 2016 - 2:00AM
RNS Non-Regulatory
TIDMFFWD
FastForward Innovations Limited
20 July 2016
FastForward Innovations Limited
20 July 2016
FastForward Innovations Limited
("FastForward", the "Company" or "FFWD")
Investee Company Update: Yooya
FastForward, an AIM listed company trading under the symbol
FFWD, announces that its investee company Yooya has achieved
several significant milestones, including:
1. exceeding 9.6 billion lifetime views, more than double the 4
billion lifetime views announced in April, 2016;
2. exceeding 355 million monthly views for the month of June, 2016;
3. exceeding 123 million weekly views for the week ended July 17, 2016;
4. adding 12 new distribution partners since April, 2016,
bringing its total distribution partners to 32 video platforms;
and
5. adding 10 new video rights owners as content partners to its
online video network during the previous six weeks, bringing
Yooya's total to 111 content creators across 445 video
channels.
Each above milestone demonstrates Yooya's performance
significantly exceeding their KPI targets for the 2016 calendar
year.
Commenting on Yooya's progress, Lorne Abony, CEO of FastForward
noted, "We were ecstatic when it took only seven months for Yooya
to add 2.75 billion lifetime views to surpass 4 billion in April.
It has now taken Yooya approximately 3.5 months to add its next 5
billion lifetime views - nearly double the views in half the time -
which is quite impressive by any standard.
"What Yooya has accomplished during the last several months,"
Abony added, "signing nearly every Chinese video platform, the
compelling new content they have added, the astounding rate of
growth in viewership, is, quite frankly, remarkable. Yooya's
spectacular performance versus plan, as measured by every important
metric, is a testament to the team CEO Rick Myers is building in
Shanghai.
"Yooya is well on its way to building a technology platform that
is a one-stop solution to manage the distribution, analytics and
monetisation of video content in China. As advertisers increasingly
turn to online video media for reaching their target demographics
in China, Yooya is now well-positioned to quickly and cost
effectively connect brands to previously fragmented video content
and distribution platforms, and to do so at scale. Needless to
say," Abony concluded, "FastForward is very excited about
Yooya."
About Yooya
Yooya is one of China's fastest growing online video networks
and provides comprehensive content distribution, rights management,
and video-based advertising solutions.
Yooya's one-stop, technology-driven approach delivers broader
distribution, better data & analytics, superior monetisation,
and more effective video advertising solutions to the company's
clients.
For further information on the Company and its investments
please visit www.fstfwd.co or contact:
FastForward Innovations Limited info@fstfwd.co
Josh Epstein / Ian Burns
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Dan Webster / Adrian Trimmings / George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
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