Xstream signs exclusive Asia Pacific Licensing Agreement with IOT Group subsidiary, OTT Premium
Xstream has its eyes set on expanding in the Asia Pacific Region in line with their global growth & expansion strategy
Sydney, Australia & Copenhagen, Denmark(15 Jun 2016)
Xstream, a leading provider of over-the-top (OTT) solutions, today announced that they have entered into an exclusive Asia Pacific Licensing Agreement with OTT Premium Pty Ltd, an IOT Group subsidiary, to sell, market and license Xstream’s award winning OTT Platform, Xstream MediaMaker™ throughout the Asia Pacific region.
“OTT & TV everywhere is the biggest evolution we’ve seen in delivering content across all devices to consumers. Xstream is at the forefront of the OTT food chain and we are proud to be their exclusive partner across Asia Pacific. This is a significant step forward for OTT Premium.” Said Ian Duffell, IOT Executive Director Business Strategy and OTT Premium Chairman.
OTT Premium now powered by Xstream will provide leading brands with best-of-breed Internet TV services including clear differentiators such as unmatched scalability and flexibility, multi-country and multi-currency features, the industry’s most flexible business model management, automated and transparent workflow management and much more, enabling operators, content owners, broadcasters and media companies to quickly launch Internet TV services across multiple brands and countries, monetize premium content, attract new consumers, reduce churn and TCO and to engage and interact with their consumers on multiple devices.
Commenting on the agreement, Simon Hoegsbro, CEO of Xstream, said: “The entire Asia Pacific region is experiencing tremendous growth in online video viewership. Entering this new era with OTT Premium will allow us to meet the increasing demand for our technology in this region. OTT Premium is an ideal partner for rapidly expanding our brand awareness and sales efforts in the Asia Pacific region. We are delighted to team up with OTT Premium to accelerate our growth in this region and offer content owners, broadcasters and operators across the APAC region a sophisticated, best in class, OTT platform.
Bob Morrison, Managing director for Xstream Asia Pacific will join the OTT Premium team as Chief Executive Officer. Bob joined Xstream as Managing Director, Asia Pacific in 2015 to launch, manage and grow Xstream’s operations across the Asia Pacific. Bob is a known business strategist and respected industry leader with extensive OTT experience.