On 14 January 2019, TV2U International Limited (ASX: TV2) announced that it got chosen by JEE TV for its New OTT service launch.TV2’s iVAN-X platform was this purpose which will deliver JEE TV a new global direct-to-consumer Persian culture and entertainment service which will launch by March 2019.
JEE TV along with its affiliated partner Fafnir GmbH from Germany will initially be targeting 5 million Iranian nationals currently living abroad. Through the service, those Iranian who are residing outside Iran will also be able to enjoy the local TV and the movies as per the content’s deal with the national broadcasters and rights holders in the region.
TV2 has an international footprint, and its global platform will enable it to target the largest audience.
Through its iVAN-X platform, the subscribers of the channel will have a true multiscreen experience with support for a range of devices. They will also get benefitted through its analytics capabilities driven by its targeted recommendations engine and profile personalization along with content EPG and multi-language support.
The JEE TV service will be operating under a hybrid revenue structure through its Subscription access as its primary model supported by advertisement supported by pay-per-view (PPV) access to specific content. The further development will be communicated to the market post its commercial launch in 2019.
Mr. Asgharian, who is the CEO of the JEE group believes “speed to launch and scalability “is its USP and he stated that TV2U’s platform fulfills all the requirement of the JEE group. The features of the TV2U’s platform will keep the viewers engaged and will demand more after the service comes live.
Apart from this, TV2 also had a Webinar presentation in January 2019 where the company highlights its business updates in Indonesia where the deployment and the commercial launch of PGASCOM got finalized. The meeting also covers the sales and marketing strategies. It's migration to the iVAN-X platform along with the revenue model.
There were other two meetings with the Indosat’s directors regarding the Indosat Ooredoo for the Marketing update Retail and B2B, IMX, and its targeted market.
There was an in-country project meeting for BISMA on 14 January 2019 to discuss the global distribution rights and its MP3, Video & Contribution. BISMA, a platform for musicians will get commercially launched in March.
The company also highlights its previous updates about TV2Africa already covered before.
The official listing of TV2U International Limited was 7 June 2007 where the company has given a consistent negative performance. TV2U’s last one-year performance is -66.67%.
Back to back successful launches of TV2U International Limited have created a hope amongst the investors to invest in the shares of the company to get a better return in future. As a result of which the share price of the company by the end of the trading on 14 January 2019, zoomed up by 20%. The closing price of the share was A$0.006 which is 0.001 points above its previous trading day’s closing price with the stock holding a market capitalization of A$10.44 million.
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