TV2U GENERATES FIRST REVENUE FROM KARAOKE2U APP AND COMMENCES PHASE ONE DELIVERY FOR DIVAN TV
TV2U generates first revenue from Karaoke2U App following launch on Google Play and Apple’s App Store.
Karaoke2U already has 3,000 subscribers with numbers increasing by 1,000 per week.
Current conversion rate (download to paid subscriber) is 28% and is expected to grow as the 14-day
free trial passes begin to expire.
The Company has commenced content delivery for the Divan.TV (Divan) service joint initiative through the launch of its localised Russian Language interactive Karaoke2U App.
Divan collaboration will immediately provide a sales channel for Karaoke2U to Divan customers and provide an entry point into the region via an established brand name.
Indonesia identified as the next roll-out location for the Karaoke2U App with deployment to 25 countries on track before the end of 2016.
TV2 Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
