QYOU Media Enhances Distribution With Smart TV Deal

Distribution is set to increase yet again for QYOU Media (TSXV: QYOU) and their flagship channel, The Q India. The company this morning indicated that it will be the first free Hindi general entertainment channel to launch on one of the largest smart TV platforms in India.

The company has entered an arrangement to have its channel launched on the Xiaomi MiTV Patchwall Smart TV platform, the smart TV platform of the leading television manufacturing in India based on market share. The arrangement follows the manufacturer recently undergoing an initiative to expand its pay and free content offerings.

Currently, the MiTV Patchwall 4 platform has 6.3 million users, of which 4.8 million use its on an active weekly basis. The platform features live television channels, SVOD services, and on demand content. Further, the company is the leader in terms of marketshare of both smartphones and smart televisions within the country.

““We are setting up 2022 with a prioritized focus in achieving revenue growth via all of our digital, app based and smart TV distribution partnerships. These are all “two-way” platforms that offer the potential for an interactive and transactional relationship with the viewer,” commented CEO Curt Marvis on the development.

The development follows the news at the end of September wherein the company increases its first quarter 2022 revenue guidance by a whopping 51%. The improvement was a result of increasing momentum within the Indian market for its flagship channel, which has had a standout year in calendar 2021.

Qyou Media last traded at $0.275 on the TSX Venture.


FULL DISCLOSURE: QYOU Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover QYOU Media on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Gold Could Easily Double Again in This Run!? | Dan Wilton – First Mining Gold

$3300 GOLD: Every $100 Rise in Gold Means Pure Profit |  Ross Beaty – Equinox Gold

First Majestic Silver: The Santo Nino Discovery

Recommended

Emerita Resources Intends To Appeal Exploitation License Granted To Minera Los Frailes

First Majestic Silver: The Santo Nino Discovery

Related News

QYOU Media Launches New Platform Focused On Massive Growth Segment

Qyou Media (TSXV: QYOU) is focusing its efforts on under represented consumers in India. The...

Tuesday, August 10, 2021, 09:23:58 AM

Market Movers: QYOU Media Goes For A Run On The Back Of Monetization

Leading the market today in volume is that of QYOU Media (TSXV: QYOU), the focus...

Friday, January 22, 2021, 03:00:36 PM

QYOU Media To Launch Third Channel In India Focused On Alternative Animated Content

QYOU Media (TSXV: QYOU) is expanding its content offerings significantly this month. In addition to...

Tuesday, January 18, 2022, 09:08:26 AM

Qyou Media Set To Launch On Airtel Xtreme

Qyou Media (TSXV: QYOU) announced a significant development this morning, with its flagship channel The...

Monday, January 13, 2020, 10:05:33 AM

Qyou Media Signs Exclusive Content Arrangements With Four Popular Series

QYOU Media (TSXV: QYOU) this morning announced that it has entered into new exclusive programming...

Thursday, May 20, 2021, 09:50:18 AM