PITTSBURGH, Oct. 07, 2015 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTC:TVTV), an emerging leader in delivering Over the Top (OTT) live-streaming music events and subscription television services to internet connected devices announced today that it has entered into a formal Letter of Intent with Digital CrossTV. Digital CrossTV will distribute Christian music content produced by, licensed to, or acquired by Digital CrossTV utilizing WhereverTV’s OTT platform. Digital CrossTV is already in discussions with leading bands, musicians, managers and industry executives for content distribution and audience expansion.
The LOI with Digital CrossTV aims to deliver a content rich mixture of faith and spiritual based music and videos that includes interviews, videos, live streaming, and recorded concert events from major labels and/or independent Christian artists, whether current or legacy artists. The agreement is expected to be finalized within the next several weeks.
Edward D. Ciofani, CEO of WhereverTV stated, “The faith-based music industry faces the same if not more obstacles in growing their audience as any band in any music genre. Our ability to provide access to livestreaming and recorded music content across any platform, and on any device is the wave of the future. As our second Letter of Intent in this area, I am excited about this relationship with Digital CrossTV and its desire to give striving and thriving music artists increased visibility and an opportunity to be heard globally by their fans. This is just the beginning for all facets of music and entertainers.”
For more background information about WhereverTV, please click: Internet TV, Over the Top, WhereverTV, or OTC Markets.
About WhereverTV Broadcasting Corporation (Symbol: TVTV)
Founded in 2007, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. Programming is identical to existing broadcast and distribution providers with the only differences being that the broadcast signals are accessed through the internet via an over the top (OTT) platform, and channel management is handled by company’s patented Interactive Program Guide (IPG) technology. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers these same channels, shows and events to SmartTVs and digital media receivers including: GoogleTV, AppleTV, Roku, Amazon FireTV, iPhone, iPad, iPod Touch, Droid Smartphone, and TabletPCs. The WhereverTV platform enables subscribers to access licensed and free-to-air content across these devices with the IPG across unlimited geographies, and wherever there is internet connectivity. The customer viewing experiences are based on customer location (geo-targeting) and content-rights management (subscriptions). Current in-language subscription offerings include Arabic TV, French TV, Italian TV, and Moroccan TV. Current genre specific subscriptions include NEWS channels, faith based channels and more. Apps are presently available for free in App Stores for iOS (Apple), Android, GoogleTV and Amazon FireTV devices. DVR functionality to record your shows and view later is presently in the works. Licensed US TV content subscriptions will be available in 2015. Please visit: www.wherever.tv, for more info.
This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.