7th Oct 2013 07:00
Motive Television PLC
("Motive" or "the Company")
Motive and Mediaset Renew Support and Maintenance Contract
London 7 October 2013: Motive Television PLC (AIM: MTV.LN), the London-based television software and services company, is pleased to join with Mediaset in announcing the renewal for another year of their contract based upon the continued success and rapid growth of Mediaset Premium Play in Italy, powered by Motive Television technology.
This agreement between Motive Television Services Limited, a 100%-owned subsidiary of Motive and Reti Televisive S.p.A, a Mediaset Group company, provides for support and maintenance of Motive's software to ensure the continuity of Motive's technology within the Mediaset Premium Service.
The new agreement is renewable annually going forward.
The terms of the Support and Maintenance agreement include a monthly fixed fee plus daily rates for additional work due to development work or change requests as required by Mediaset.
The previous agreement also provided a license for Motive's client (set-top box) software, however this license will now reside in agreements with set-top box providers.
The Premium Play on-demand broadcast service, which offers a selection of over 50 current hit movies per month, plus TV series and documentaries in standard, high definition, and 3D over terrestrial DTT transmission has proven very popular since launching in December 2009. Motive's Television Anytime technology has consistently and reliably delivered on-demand services for Mediaset.
Since commercial launch in December 2009, the on-demand service of Mediaset Premium Play has been subscribed to by a large and growing segment of Mediaset's customer base.
Commenting on the new agreement, Leonard M Fertig, CEO of Motive said, "The renewal of Motive's partnership with Mediaset and success of Mediaset with Premium Play reflect the value-added contribution of Motive's solutions to manage the delivery of content efficiently over in-place networks. We look forward to a continuing relationship with Mediaset."
Enquiries:
Motive Television plc Michael Pilsworth, Chairman Leonard M Fertig, CEO
| T: +44 20 7025 8425
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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
Related Shares:
Motive Television Plc