FilmOn.com Forms Strategic Alliance with TVCatchup.com at NATPE
IPTV Companies to Offer Expanded Programming for Subscribers, Share in Revenue Models
MIAMI, Jan. 25, 2011 /PRNewswire/ -- FilmOn.com Inc., (http://www.FilmOn.com/), the premier internet based high definition television service, today announced it has formed a strategic alliance with TVCatchup.com, a top UK-based, advertising supported IPTV provider.
The strategic alliance between FilmOn and TVCatchup will incorporate both subscription and advertising-based revenue models from the two companies to increase overall profits. The alliance will also incorporate marketing, technology support and combine the collective content available on the two platforms, expanding the programming for all subscribers.
"TVCatchup has done a tremendous job in raising company revenue on an advertising model while FilmOn has focused its attention in bringing a quality product to market through a low subscription rate," said Alki David, founder and CEO, FilmOn. "We are combining the best of both companies to ensure the very best IPTV product with the most content to UK audiences."
Under the strategic alliance, the two companies will join efforts on its legal battle to defend its right in transmitting UK content via the Web. FilmOn will also help TVCatchup expand its reach to include North America and beyond.
"FilmOn is an excellent partner as our business models and efforts are very complementary to each other and our combined efforts will make us the world's largest IPTV carrier," said Adam Smith, vice president of business development, TVCatchup. "We have both proven through millions of subscribers that there is a tremendous incremental audience for live TV over the Web and our collective hard work will continue to make it available for our subscribers."
FilmOn and TVCatchup will announce its new subscription model and newly configured line-up of content shortly.
ABOUT FilmOn.com Inc.
FilmOn.com Inc was founded in March 2009 by FilmOn.com Plc, a Berlin-listed company (2F0A-BER) and is operated independently by a dedicated U.S management team with offices in Los Angeles and London. Battlecam.com (http://www.Battlecam.com),is the 24 x 7 live reality community TV channel of FilmOn.com
SOURCE FilmOn.com Inc.
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