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
-
Revealed: the best funds to buy before the end of the tax year
Looking to add more investments to your portfolio but not sure where to start? We reveal the best funds to buy now as the end of the tax year edges closer.
By Katie Williams Published
-
4 tax tips for the Bank of Mum and Dad before the end of the tax year
Parents and grandparents wishing to gift money in a tax-efficient way need to be aware of the looming 5 April end-of-tax year deadline. Here are our tips to beat the deadline.
By Ruth Emery Published