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.

Video Articles

This Is Why Copper Could Explode Next | Ian Harris – Copper Giant

This Is What $3,300 Gold Unlocks | Tara Christie – Banyan Gold

Real Gold Bull Market Energy Is Back | Matthew Roma – Golden Cross

Recommended

Discovery Silver in Advanced Talks to Acquire Barrick’s Last Canadian Gold Mine

Emerita Reports Aznalcollar Public Tender Trial Hearings Have Concluded, Verdict Expected This Fall

Related News

QYOU Media Forms Distribution Partnership with Ethnic Channels Group

This morning Qyou Media (TSXV: QYOU) announced a partnership to have their networks “The Q...

Thursday, November 7, 2019, 10:24:32 AM

QYOU Media: Growth To Continue Into 2022 – The Daily Dive

On this Daily Dive episode, Cassandra is joined once again by Curt Marvis, CEO and...

Thursday, December 23, 2021, 01:30:00 PM

QYOU Media Increases Distribution By 20.2 Million Households In India

Distribution keeps improving for QYOU Media’s (TSXV: QYOU) flagship television channel in India, The Q...

Thursday, July 15, 2021, 09:07:59 AM

QYOU Media Adds To Distribution Via Popular Smart TV Platform

QYOU Media (TSXV: QYOU) has once again expanded its distribution. The firm this morning revealed...

Monday, June 13, 2022, 09:28:00 AM

QYOU Announces US$710,000 In New Influencer Division Contracts

QYOU Media (TSXV: QYOU) this morning announced that its Los Angeles, California based influencer marketing...

Wednesday, October 21, 2020, 09:29:09 AM