2 Nov 2018 07:00
Yolo Leisure and Technology Plc
("Yolo" or the "Company")
Update re Simplestream Investment
The Company is pleased to announce that Simplestream Ltd ("Simplestream"), the leader in live, live-2-VOD and on-demand OTT services, has announced the launch of its Sport Video Platform. This end-to-end, cloud-based, white label solution seamlessly enables broadcasters, rights holders and distributors to rapidly launch and maintain next generation OTT services on multiple screens and across territories where the rights permit. Yolo currently has a 6.71% interest in Simplestream.
Key features of the new platform include low latency streaming, live event management, automated generation of video highlights and data integrations for real-time match, league and player stats, plus immersive HTML5 based applications that can sit across any device. The Sports Video Platform comes with AVOD/SVOD and PPV models out of the box, so that any league, channel or federation can now generate revenue whilst at the same time learn about their customers through valuable, real time return path data - something that traditional methods of TV delivery are unable to deliver.
Adam Smith, Founder and CEO of Simplestream, said "Sports is first and foremost a social experience, so with the launch of the Sports Video Platform we can now provide broadcasters, federations and sports leagues, whatever their size, with the simplest route to providing next generation video experiences on a global scale. By extending distribution to digital platforms, rights holders can extend fan engagement and bring premium content to new markets."
Simon Robinson, CEO of Yolo, said "the Simplestream team continues to grow and strengthen its platform providing content owners a direct route to their audience, to better understand their audience behaviour and needs on a global scale."
About Simplestream: Simplestream is a London headquartered company, providing market leading live streaming and live-to-VOD solutions to media and entertainment companies, telecommunications and content providers.
About Yolo: Yolo is an AIM quoted investment company that currently holds five investments in the media and technology sector and its last reported Net Asset Value as at 31 March 2018 equated to 9.9p per ordinary share.
For further information please contact:
YOLO Leisure and Technology Plc
Simon Lee Robinson simon.robinson@yoloplc.com
Cairn Financial Advisers LLP
Sandy Jamieson, Liam Murray Tel:- +44 20 7213 0880
Peterhouse Capital Limited
Eran Zucker, Lucy Williams Tel: +44 20 7469 0930
Walbrook PR Ltd Tel: +44 20 7933 8787 or yolo@walbrookpr.com
Paul McManus Mob: +44 7980 541 893
Sam Allen Mob: +44 7884 664 686