TV2U International signs deal to grow its over-the-top broadcasting reach in Brazil

2018-02-09 14:28:00
New opportunities for monetisation through individual subscriptions and targeted advertising.
TV2U is the first independent OTT broadcaster in Brazil

TV2U International Ltd (ASX:TV2) has signed a letter of intent to acquire the Brazilian content acquisition company SLIM PACK.

TV2U has negotiated for SLIM PACK to provide immediate access to its content for OTT (over the top) streaming in Brazil for trial purposes while the content licence rights are concluded, which is expected to occur by the end of February 2018.

Monetisation through individual subscriptions and targeted advertising

Both companies are in pursuit of a common mission centred on empowering consumers to watch personalised content at a time and place they want to watch it.

TV2U is expecting new opportunities for monetisation through individual subscriptions and targeted advertising.

Significantly, this acquisition is expected to strengthen TV2U’s position in Brazil as the first independent OTT broadcaster.

New deal gives access to 17,000 kilometres of fibre network

The company has also signed a deal with Wirelink as a master distributer of TV2U’s OTT services for the region of north and northeast Brazil.

This strategic alliance will provide TV2U with a footprint covering most of the Northern region of Brazil via circa 1,000 internet service providers connected via Wirelink’s backbone of over 17,000 kilometres of fibre network.

It is expected that definitive documents for this deal will be completed within three months.