RE: Motive Television19 Jun 2014 08:02
[MTV] preliminary results for the 12 months ended 31 December 2013.
Financial highlights
· Group revenue increased by 7% to £1,170,942 from £1,090,617 in 2012.
· Group operating loss reduced by 14% to £(1,861,778) from £(2,171,913) in 2012.
· Digital business revenue increased by 44% to £804,826 from £560,186 in 2012.
· Digital business loss reduced 26% to £(912,449) from £(1,240,821) in 2012
· Group total borrowings reduced by 22% to £3,101,256 compared with £3,963,034 in 2012.
· Cash at bank and in hand at the end of 2013 was £250,404 compared to £148,554 in 2012
Operational highlights
· Mediaset Premium On Demand services continued to perform successfully with MTV support services.
· Completed installation and successful testing of Digiturk in preparation for launch and signed support and maintenance and licensing contracts directly with Digiturk.
· Completed the installation of the head-end solution for CME at Nova Television in Prague.
· Assisted Siyaya Free To Air TV (PTY) Ltd. of Johannesburg, South Africa in planning and defining services, technical plans, and licensing process and in December signed contract to provide installation, integration, and operation of the Content Express™ solution in support of the launch of Siyaya's services on the Freevision satellite platform in Autumn 2014 worth an estimated £2 million over the next five years.
· Motive successfully developed and demonstrated the full function Tablet TV technology prototype to Granite Broadcasting and major broadcasters including choosing and viewing live channels, recording for later viewing, and selecting and receiving video-on-demand content.
· Signed Memorandum of Understanding with iCube Corporation of Seoul, South Korea to work together to develop retail products that will enable Freeview broadcast TV to be received on mobile devices in the United Kingdom.
· Received a US patent for TV Anywhere, Spanish patent for Dynamic Advertising, and developed Tablet TV technology and filed for patents in the United States.
· Increased Digital revenues by 44 percent, cut overheads, and reduced losses by 26 percent vs. 2012.
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