Agreement with tvtv
Yoomedia PLC
26 January 2006
YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media
26 January 2006
YooMedia plc ('YooMedia')
tvtv to collaborate
with YooMedia for EPG and interactive digital television services
YooMedia, the AIM-traded interactive content and services provider, has signed
an agreement with tvtv, a branch of Sony United Kingdom Ltd, to provide
bandwidth for transmission of rich EPG data through Digital Terrestrial
Television (DTT) in the UK.
tvtv is aggregating and transmitting TV metadata through Internet, analog and
digital broadcast in Europe. The service enables advanced EPG functionality on
TV sets, digital set-top-boxes, personal video recorders, DVD recorders,
personal computers and mobile phones. Device manufacturers, using the tvtv EPG
data service, can design their own user interface and offer consumers easy to
use, state of the art devices with inter-connectivity within mobile, internet
and broadcast platforms.
In addition, YooMedia and tvtv will collaborate to research and develop
additional interactive digital television services via or in conjunction with
the EPG, such as enhanced on-screen TV magazines and interactive television
advertising.
YooMedia's Group Managing Director, Neil MacDonald, said: 'We are delighted to
announce this new datacasting services agreement with tvtv, a company with
experience in EPG services. We believe the collaboration will further enhance
the services provided by both YooMedia and tvtv, solidifying our position as the
partner of choice in this sector.'
Dimitris Kourepis, General Manager tvtv, said: 'I am very pleased to cooperate
with YooMedia, a company with strong presence in interactive television. It
supports our plans to provide rich EPG data and new exciting services to our
customers in UK and other European countries.'
YooMedia's datacasting service is unique in the market as a means of delivering
dynamic next-generation interactivity on Freeview in the UK. The Directors
expect to deliver annualised incremental earnings in excess of £500,000 by the
end of 2006 from a range of datacasting services and customers, following the
introduction of the service in September of 2005.
* * ENDS * *
Contacts:
Neil MacDonald YooMedia PLC Tel: 020 7462 0870
Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477
Mark Percy Seymour Pierce Limited Tel: 020 7107 8000
Notes on YooMedia plc
YooMedia is one of the fastest growing interactive entertainment companies in
the UK. Essentially, it develops and delivers premium interactive content and
services to households and individuals via TV, the web, telephony and mobile
phones. It has four main divisions:
• YooMedia Dating - manages dating brands including Dateline and Avenues
from over 20 locations throughout the UK. Operates across traditional media,
digital TV, internet and mobile phones.
• YooMedia Gambling & Games - interactive fixed odds, play for fun casino
and poker related games services for digital TV, the web and mobile phones.
Brands include Channel 425, while it also manages YooPlay, the only
interactive games channel found on all four Digital TV platforms in the UK
and Avago, which was established by YooMedia and is now managed on behalf of
Gala Group.
• YooMedia Enhanced Solutions (YES) - delivers interactive content that
enhances consumer and audience experiences. Customers include the BBC,
Nestle, Celador, William Hill, Channel 4, ZipTV, The Cartoon Network and HR
Owen.
• YooMedia Public Sector - provides digital solutions/media services to
leading public sector organisations including the NHS Direct Interactive TV
service for the Department of Health, the Learning and Skills Council TV
Kickstart service and a range of local authority TV services.
The Group's experienced management team includes: Chairman, Dr. Michael
Sinclair, who holds a number of directorships in both the UK and the USA having
previously founded Lifetime Corporation; and Managing Director, Neil MacDonald,
whose career spans 11 years in multimedia and interactive sectors plus a further
19 years in the retail industry.
This information is provided by RNS
The company news service from the London Stock Exchange