As per last update that karaoke would launch on Divan from the 25th which is part of our premium content offering which was 3 days ago, does that now mean our Joint venture has commercially launched?
The reason I ask is that on announcement of the joint venture it was stated that Tv2u would be sharing all net revenue 50/50 from the date of commercial launch..
Clarification would be great!
Cheers
This was the answer
Yes the JV has commercially launched starting with the karaoke service on a 50/50 net revenue basis
Kind Regards
Tom Young
Managing Director
Energy Capital Partners Pty Ltd
Phone +61 414 320 419
Email [email protected]
Skype energycapitalpartners1
Take from this information whatever you like but if they are sharing revenue 50/50 then I'd imagine they are both working together which to me represents a collaboration...
TV2 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held