30 Dec 2013 07:00
Motive Television Signs Contract with Siyaya Free to Air TV (PTY) LTD
Launch on Freevision satellite platform planned in the first half of 2014
London 30 December 2013: Motive Television PLC (AIM: MTV.LN), the London-based provider of revenue enhancing technology-based solutions to the television industry, announced today that its wholly-owned subsidiary, Motive Television Services Ltd ("Motive") has signed a final Operation and Services Agreement ("the Agreement") with Siyaya Free To Air TV (PTY) Ltd. of Johannesburg, South Africa ("Siyaya"). The contract follows the commercial terms agreed in the Heads of Agreement announced previously on 16 September 2013.
Under the Agreement, Motive will install, integrate, and operate Siyaya's Video-on-Demand ("VOD") platform in conjunction with the expected launch of Siyaya's television services on the Sentech Freevision DTH satellite service in the first half of 2014.
Once Siyaya has won a television licence for digital terrestrial broadcasting, and when Siyaya subsequently launches services over DTT, Motive will serve as the primary technology partner for Siyaya, providing technology solutions, products, and system integration for the implementation and continued operation of Siyaya's VOD platform.
According to the Agreement, Motive will receive upfront setup fees plus operating fees based on a share of monthly VOD platform revenues. The contract will provide Motive a guaranteed minimum equivalent to £1.07 million (at today's conversion rate) over the next five years, however, as stated in the announcement dated 16 September, the Company estimates the probable value of this project to be approximately £2 million.
Motive and Siyaya have agreed to a period of exclusivity for the territory of South Africa for the term of the contract until and unless both parties agree to make the VOD platform available to third party broadcasters.
Leonard M Fertig, Chief Executive Officer of Motive Television PLC, commented: "The completion of this Operations and Services Agreement marks another milestone in the growing partnership between Motive and Siyaya, and we look forward to the upcoming launch of Siyaya on the Freevision DTH platform. We have been working closely with Siyaya since February 2013 in the planning of their services and will now move directly into preparation for launch.
"Siyaya is a new entrant targeting the large and growing middle class in South Africa with innovative television services and is an example of the major opportunities available for Motive in supporting successful television companies in emerging markets. As Siyaya's technology partner, Motive is able to leverage its patented technology and proprietary expertise to participate directly in the success of Siyaya's VOD platform. The Company anticipates this model to be replicated throughout the emerging economies of Africa, South and Central America, and other regions."
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO | T: +44 20 7025 8425 |
Sanlam Securities UK Limited Simon Clements / Virginia Bull |
T: +44 20 7628 2200 |
XCAP Securities Jon Belliss |
T: +44 20 7101 7070 |
Newgate Communications Jason Nisse/Stephanie Dobbs
Media PR Europe Gerry Buckland
Brainerd Communicators Chris Plunkett / Mike Smargiassi |
T: +44 20 7680 6559
T: +44 7774 860011
T: +1 212 986 6667
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Notes to Editors
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere™. Motive's patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly valued services to viewers that generate additional income and retain existing subscribers, comprising:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services include, among others, Video-on-Demand, Catch-Up TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. US patent pending.
Motive's content division is:
Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.
Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM). http://www.motivetelevision.co.uk