Firestrike Resources Limited (ASX: FIE) has just announced that it has signed a conditional agreement to acquire 100% of the issued shares in Linius, an Australian company that has rights to a developed, patented method and system for providing video content on a data network connected device having a display and device controller.
Key Highlights
Linius transforms video file management and distribution by indexing and managing data within the video file itself.
Linius has the potential to disrupt the entire video value chain.
Potential to dramatically reduce the production and supply side costs of video management by, for example, removing the need for transcoding to the myriad of file formats required for broadcasting to different devices.
Potential to facilitate truly personalised viewing experiences. No two streams need ever be the same again.
In 2013, the Global Broadcasting and Cable TV Market Had a Value of $435 Billion (Reuters).
