YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology and leisure sectors, announces that TVPlayer Limited, in which YOLO has an interest by virtue of its investment into TVPlayer’s parent company Simplestream Limited, has signed formal licensing multi-year content agreements with ITV, Channel 4 and Channel 5 to simulcast the broadcasters’ free to air channels on TVPlayer.
The agreements see TVPlayer licensing the Public Service Broadcasters’ free to air channels for the first time, with the channels ITV 1, ITV 2, ITV 3, ITV 4, ITV Be, CITV, Channel 4, More4, 4Seven, Channel 5, 5STAR and Spik. All of these channels are available to existing TVPlayer customers across a full range of devices – including desktops, mobiles, tablets, Apple TV, Samsung Smart TV, Amazon Fire TV and various other set-top boxes.
In addition to live streaming over wired internet and WiFi, TVPlayer has also licensed 3G and 4G rights for all channels.
TVPlayer, with over one million viewers per month, is a popular online TV platform which streams live TV across multiple devices from some of the UK’s most notable free-to-air broadcasters and Pay-TV channels. Following this deal, TVPlayer will offer over 100 channels spanning Entertainment, Sport, Kids, News, Music and Lifestyle.
Adam Smith, Founder of TVPlayer, said:
“This is a significant move for the growth of our platform. Adding the UK’s key commercial broadcasters to our growing portfolio is a major benefit to our viewers as TVPlayer provides some of the UK’s best channels in one app.
“Through our growing platform, broadcasters not only enjoy direct access to a younger demographic, they are also able to reach even wider audiences”
Simon Robinson, CEO of YOLO Leisure & Technology plc, commented:
“This is, once again, great news for TVPlayer to sign licensing agreements with some of the UK’s key commercial broadcasters and quickly follows on from the recent multi-year agreement with Viacom, one of the world’s largest media companies.”
TVPlayer generates revenue through two business models; firstly an ad-supported free-to-air TVPlayer service with 100+ channels and secondly a paid subscription service with TVPlayer Plus, which is the first service of its kind to offer premium channels in the UK without a contract, providing 30 additional premium channels for a monthly fee of £4.99. TVPlayer is on target to upgrade 5% of homes using its free service to the subscription service by the end of the year.