Sep
29
Galicia Energy Corporation
www.galiciaenergy.com/
Galicia Energy (ASX:GAL) formerly PTO Consolidated is an ASX listed Eastern European centred oil and gas exploration and development company focussed on advancing highly prospective assets within the world class oil and gas provinces of the Ukraine and Eastern Europe.
Galicia Energy Corporation: TV2U signs agreement with Sunfly Karaoke
Tuesday, September 29, 2015 by Proactive Investors
Galicia Energy Corporation has advised that TV2U Worldwide Pty Ltd has signed an agreement with karaoke label Sunfly Karaoke Limited.
Galicia Energy Corporation (ASX:GAL) has advised that TV2U Worldwide Pty Ltd has signed an agreement with karaoke label Sunfly Karaoke Limited.
The company is in the process of acquiring TV2U for 714.3 million shares and up to 1 billion performance shares.
Under the terms of the Agreement, Sunfly will provide TV2U subsidiary TARA TV Singapore the rights to use digital content consisting of karaoke songs and accompanying music videos.
TV2U will embed this content into its “Jukebox” audio/video Karaoke application, that will enable songs to be downloaded on demand and be used across multiple networks and any consumer devices offered to subscribers.
Highlighting the potential, Chinese based online karaoke company Changba has 140 million registered users since its launch less than two years ago, and has 40 million monthly active and 6 million daily active subscribers.
The agreement will provide TV2U the opportunity for significant uplift to its Over the Top managed service revenue model for both the B2B and B2C markets.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
Sign up to Proactive Investors
Comments
Leave a Reply
You must be logged in to post a comment.