TV2U International Limited (ASX: TV2) provides television broadcasting services. The Company offers Internet videos, customization, content load balancing, subscriber management, digital publishing, and advertising services. TV2U International conducts its business worldwide.
The company has via a recent ASX release stated their business update for its deployments across Indonesia and the rest of the world. With regard to the company’s Indonesia operations, the Indostat’s retail division has provided the confirmation that it is developing the plans for the direct marketing of the iStream to its consumer base of 110 Mn users and also looking into the possibilities of bundling of the iStream contents with the data plans.
The Indostat’s Business to Business division will collaborate with the content owners and the operators to promote the iStream in the subject region. The Indostat’s marketing efforts will be ramped up from the January 2019, and hence an expansion in the top line is expected from the Q1 2019.
Apart from this, TV2U and PGASCOM in a joint effort are targeting ISPs, telecom companies, and various content owners utilizing TV2U’s leading edge IVAN-X “white label” content delivery platform in order to expand its revenue share. PGASCOM has introduced a totally new management team, which will focus on a much broader range of content owners such as organizations from the education sector. PGASCOM is also working on its various commercial contracts to be renegotiated to arrive at a 50/50 share of net revenue for TV2U. Its pre-commercial launch is expected in the early Q1 2019 and marketing campaign is also in the plans so as to get the required traction towards its streaming services within the target consumers. Presuming no delays as such the commercial launch of its platform is expected in the early April 2019.
Moreover, the technical testing for the pilot of the Bisma streaming platform has been successfully completed for the lemon.Id. The platform was implemented just after the commercial agreement signed earlier in the month of December 2019. The launch of Bisma platform is expected to take a launch in January 2019. The platform will have features such as Music streaming and downloads, video streaming, live concerts press events, and on-demand access to other presentations. The artists will also be able to upload their original content at Bisma and showcase it to the world. Revenue generation for the Bisma platform is expected to come from a mixture of ad-generated revenue, subscription access, pay-per-view streaming of live events, and e-commerce opportunities for event ticket sales and artist merchandising, etc.
Concerning the rest of the world, SOL Telecom has made several strides forward with its SOL GO streaming service. A media promotion plan has been established to drive engagement ahead of a revised launch date – currently scheduled for February 2019. SOL Telecom is also establishing an office in Sao Paulo for future expansion of the business.
Meanwhile, the share price of the company has fallen by 64.29 percent in the past six months as on 13 December 2018. TV2’s shares traded at $0.005 with a market capitalization of circa $10.17 Million as on 14 December 2018 (AEST 04:00 PM).
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