Milestone Group PLC : Milestone announces launch of Alchemy TV
MILESTONE GROUP PLC
("Milestone" or the "Company")
Milestone announces launch of Alchemy TV
Milestone, (AIM: MSG) the provider of digital media and technology solutions announces that its subsidiary Nexstar has expanded its unique Alchemy digital media platform to now include a 24/7 online over-the-top ("OTT") TV streaming service, Alchemy TV which goes live today.
Alchemy is a digital platform that allows its users to purchase the most recent music, video and e-books, make charitable donations, and fund social initiatives.
Following today's launch of Alchemy TV, Alchemy users can now choose from an extensive library of over 100 streaming channels offering family entertainment, news, sports, lifestyle, drama, TV programming, children's TV and documentaries. This new service is available as a stand-alone and white label option.
Alchemy TV is free for Alchemy users and can be extended to include access to its premium services allowing the viewer to purchase the latest TV programming and Box Sets.
Milestone will receive a share of advertising revenues generated both through the consumption of media across these channels and from the creation of third party accounts and premium services sold.
The Over The Top (OTT) market is estimated to grow from USD 28.04 billion in 2015 to USD 62.03 billion by 2020 with a compound annual growth rate of 17.2%.
The site can be found at http://www.alchemy-media.net/alchemytv
Deborah White, CEO of Milestone commented:
" This is an important development for the business as we now have an exciting OTT entertainment offering for public consumption. Alchemy offers content that appeals to a global audience and rewards its customers with the knowledge they have helped support a charitable cause in the process. The platform has been designed to showcase the Company's expanding range of products and services with more developments expected shortly."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information:
| Milestone Group PLC | |
| Deborah White, Chief Executive | Tel: 0207 929 7826 |
| Cairn Financial Advisers LLP, Nominated Adviser | |
| Liam Murray | Tel: 0207 148 7900 |
| Hybridan LLP, Broker | |
| Claire Louise Noyce | Tel: 0203 764 2341 |
| Walbrook PR Limited, PR | |
| Gary Middleton/Paul Cornelius/Paul Whittington | Tel: 0207 933 8780 |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Milestone Group PLC via GlobeNewswire
