Gaming, music and eSports player Streamplay Studio (ASX:SP8)says the first month of trading of its new Pacific division has generated over $200,000 revenue in January across its three key markets: Papua New Guinea, Solomon Islands and (combined) American Samoa and Tonga.
Revenue growth was observed in the Solomon Islands with 20% month-on-month increase, and Papua New Guinea generated nearly $70,000 revenue from four subscription products.
The division saw around 300,000 subscribers to various product subscriptions, including the popular mJams music streaming app for local music and content creators.
The plan now is to begin “cross pollination” of all products within the group of companies (the ‘Streamplay Group’) with Streamplay’s ArcadeX casual gaming platform to be launched next quarter in the Pacific Island markets branded as ‘mGames’.
“The company’s existing products in the Pacific continue to be well received by users,” Streamplay Pacific CEO Todd Emmanuelli said.
“mJams music in particular has become a favourite among subscribers, with its wide selection of local indigenous music and video content that can be streamed on demand. Added to this suite is the new iteration of mGames which will help drive growth.”
The company expects to bank ~50% of topline revenue after revenue shares with Mobile Network Operators (MNOs) partners.
| 6 Feb | |
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| 1 | 31 Jan | |
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| 2 | 23 Dec | |
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| 3 | 12 Dec | |
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