Less Ads, More Data, More Tools Register for FREE

Pin to quick picksYOLO.L Share News (YOLO)

  • There is currently no data for YOLO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

YOLO Pays GBP550,000 For 5.1% Stake In Simplestream

Wed, 04th Feb 2015 08:11

LONDON (Alliance News) - YOLO Leisure and Technology PLC Wednesday said it has paid GBP550,000 for a 5.1% stake in Simplestream Ltd, a business-to-business provider of live streaming and live-to-video on demand services.

According to the AIM-listed leisure and tech investor, Simplestream's technology enables broadcasters to securely live stream broadcast content to any device and deploy complex 'catch-up' services with ease across several platforms.

It said the company's broadcast clients include Discovery Networks, Scripps Networks and Turner Broadcasting. It also owns and operates TVPlayer, a live TV aggregator of more than 50 free-to-air channels.

YOLO said that Simplestream's revenue has doubled year-on-year since its products and solutions were introduced to the UK market in 2012.

"Live video streaming is the fastest growing element of over-the-top services, and targets the increasing trend to watch broadcast and video on demand programming on devices other than the traditional TV set. Live video streaming is also an 'on-ramp' for VoD viewing, accelerating OTT growth. The company now delivers services across Europe and North America with further international expansion planned for 2015," YOLO siad.

YOLO shares were up 3.4% at 3.05 pence on Wednesday.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
23 Jun 2021 17:25

TRADING UPDATES: Marlowe turns to loss; AFC Energy sees maiden revenue

TRADING UPDATES: Marlowe turns to loss; AFC Energy sees maiden revenue

Read more
21 Jun 2021 18:42

IN BRIEF: Dev Clever buys Inspirational Learning; signs Aldebaron deal

IN BRIEF: Dev Clever buys Inspirational Learning; signs Aldebaron deal

Read more
21 Jun 2021 14:56

EXECUTIVE CHANGES: Vaalco adds another former Eland Oil exec to team

EXECUTIVE CHANGES: Vaalco adds another former Eland Oil exec to team

Read more
9 Jun 2021 14:34

IN BRIEF: Dev Clever wins USD1.5 million Indian government contract

IN BRIEF: Dev Clever wins USD1.5 million Indian government contract

Read more
30 Apr 2021 16:32

TRADING UPDATES: Asimilar and Worldsec swing to profit

TRADING UPDATES: Asimilar and Worldsec swing to profit

Read more
12 Apr 2021 21:55

TRADING UPDATES: BMO Commercial Property annual payout halved

TRADING UPDATES: BMO Commercial Property annual payout halved

Read more
31 Mar 2021 06:59

IN BRIEF: Asimilar portfolio worth GBP32.3 million, accounts delayed

IN BRIEF: Asimilar portfolio worth GBP32.3 million, accounts delayed

Read more
18 Mar 2021 14:58

TRADING UPDATES: Mobile Streams revenue surges in first quarter

TRADING UPDATES: Mobile Streams revenue surges in first quarter

Read more
1 Mar 2021 20:11

TRADING UPDATES: Invesco Enhanced and City Merchants plot merger

TRADING UPDATES: Invesco Enhanced and City Merchants plot merger

Read more
15 Feb 2021 11:56

UPDATE: Asimilar, All Active Note MESH Deal With AAQUA For Sentiance

UPDATE: Asimilar, All Active Note MESH Deal With AAQUA For Sentiance

Read more
2 Feb 2021 11:23

IN BRIEF: Dev Clever Secures Equity Raise Of Up To GBP10 Million

IN BRIEF: Dev Clever Secures Equity Raise Of Up To GBP10 Million

Read more
27 Jan 2021 09:05

IN BRIEF: Asimilar And Dev Clever Accelerate Subscription Agreement

IN BRIEF: Asimilar And Dev Clever Accelerate Subscription Agreement

Read more
26 Jan 2021 13:44

IN BRIEF: Asimilar Invests GBP2 Million In Dev Clever; Has 8.1% Stake

IN BRIEF: Asimilar Invests GBP2 Million In Dev Clever; Has 8.1% Stake

Read more
31 Dec 2020 10:39

Asimilar Subsidiary Intrinsic Capital Ups Investment In SeeQuestor

Asimilar Subsidiary Intrinsic Capital Ups Investment In SeeQuestor

Read more
21 Dec 2020 19:37

Dev Clever Lands Deal With Indian Private School Governing Body

Dev Clever Lands Deal With Indian Private School Governing Body

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.