Motive TV shares leap on new deal
The wholly-owned subsidiary of Motive Television, a London-based television software and services company, has signed a five-year software licence agreement with Sagemcom Broadband for the use of Motive's Television Anytime Anywhere technology.
The wholly-owned subsidiary of Motive Television, a London-based television software and services company, has signed a five-year software licence agreement with Sagemcom Broadband for the use of Motive's Television Anytime Anywhere technology.
Sagemcom has manufactured a set top box for Digiturk, a Turkish Satellite television provider, which is set to be launch commercial services in the first quarter of 2013.
Under the agreement, Motive will receive a license fee for each set top box manufactured by Sagemcom in Turkey, as well as time and materials as needed for technical support and training.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sagemcom can now commence the installation of Motive technology into set-top boxes for Digiturk for commercial use on a non-exclusive basis in Turkey, which marks the transition of the project from design and development and final testing to preparation for full commercial launch.
Leonard M Fertig, Chief Executive Officer of Motive Television, said: "With 18m television households in Turkey, and over 2.5m Digiturk subscribers, the agreement represents a major opportunity for Motive in terms of size and potential deployment of our technology.
"It is also an important milestone, as Digiturk is the first satellite platform to use Motive's advanced technology, and we are confident it may lead to new opportunities with other major satellite television operators."
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry