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.

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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."

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.