Update re Simplestream

RNS Number : 8894L

YOLO Leisure & Technology PLC

11 September 2019

 

YOLO Leisure and Technology plc

("YOLO" or the "Company")

Re.  Simplestream builds video platform for Channel 4's online coverage Tokyo 2020 Paralympics and Para Sport.

YOLO Leisure and Technology plc (AIM:YOLO) announces that Simplestream, one of its investee companies, has built an 'accessible' video platform and responsive website for Channel 4, specifically for its online coverage of Para Sport and the Tokyo 2020 Paralympics.

The website is already live with video on demand assets and will commence live Paralympics action, starting with the World Para Swimming Championships on 9 September 2019.  Simplestream is providing a fully managed support team 24/7 throughout the live events, with the service being able to handle multiple live concurrent streams and on-demand video.

Adam Smith, founder of Simplestream, commented: "Being chosen by Channel 4 is an endorsement of Simplestream's proven video platform solution and specifically our ability to deliver concurrent live streams with multiple adaptive bitrate video streaming for an enhanced user experience.  The power of the cloud and our modular, white-label approach to building video platforms means that we can build ambitious live and video on demand projects for major broadcasters and sports federations at a fraction of the time and cost."

As reported in Broadband TV News, Pete Andrews, Channel 4 Head of Sport said; "The time difference between some of the Parasport and Paralympic events in Tokyo 2020 and the UK means that our digital offering is more important than ever for our coverage." and   "Basing our  Parasport online video offering on the tried and tested, low latency, accessible Simplestream Sport Video Platform solution meant that we could work with Simplestream to spend more time and energy on editorial features that make our offering better."

Simon Robinson CEO of YOLO, commented; "It's a great endorsement from Channel 4 of Simplestream's video platform technology which provides live streaming and video on demand of multiple sports events to multiple user viewing devices.  Again this demonstrates that Simpletream's technology is well positioned for next generation over the top services for easy adoption for broadcasters and rights holders."

For further information, please contact:

YOLO Leisure and Technology plc	www.yoloplc.com
Simon Robinson	[e-mail]
Cairn Financial Advisers LLP
Sandy Jamieson, Liam  Murray	[phone]
Peterhouse Capital Limited Sole broker
Duncan Vasey / Lucy Williams	+ 44 20 7220 9797
Walbrook PR Ltd	[phone] or [e-mail]
Paul McManus/Sam Allen	[phone]/[phone]

Notes to editors

YOLO Leisure and Technology plc (www.yoloplc.com)

YOLO Leisure and Technology plc is an investment company focussed in the technology, leisure and media sectors. YOLO invests into early stage technology companies and their Founders that demonstrate potential to create value for shareholders.

The Company's Investing Policy is that the Company will invest in businesses which have some or all of the following characteristics:

·    strong management with a proven track record;

·    ready for investment without the need for material re-structuring by the Company;

·    generating positive cash flows or imminently likely to do so;

·    via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;

·    able to benefit from the Directors existing network of contacts; and

·    the potential to deliver significant returns for the Company.

YOLO has a holding in Simplestream Limited representing 6.34% of its issued share capital on a fully diluted basis.   

Simplestream (www.simplestream.com)

Simpletream is a leading provider of software as a service (SaaS) based video streaming solutions.  The company is a market leader for its Live2VOD and Hybrid TV solutions.  Clients include; News Corporation (Ball Ball), A&E Networks, AMC Networks, Sony Traceplay, QVC TV, Box Nation, Little Dot Studios and At The Races amongst others.

Simplestream's cloud based Media Manager platform provides broadcasters and rights owners with an end-to-end technology services eco-system, with a full range of multi-platform TV and video distribution products including: low latency online simulcasts of TV channels, real-time sports highlights clipping, broadcaster catch-up services, social video syndication and subscriber management services.

Simplestream's technology platform also provides multi-channel, multi-territory frontend templated applications for a complete range of connected devices including mobiles, tablets, connected TVs and fast growing over the top (OTT) platforms such as Amazon Fire TV, Apple TV and Roku. In the UK, Simplestream's "Hybrid TV" solution is used by leading broadcasters to power "catchup" services on Freeview, Freesat, YouView and EETV.

 

END

 

 

UPDCKKDNOBKDQCD