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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Milestone Grp | LSE:MSG | London | Ordinary Share | GB0033127910 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.145 | 0.13 | 0.16 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMMSG
MILESTONE GROUP PLC
("Milestone" or the "Company")
Milestone announces launch of Alchemy TV
Milestone, (AIM: MSG) the provider of digital media and technology
solutions announces that its subsidiary Nexstar has expanded its unique
Alchemy digital media platform to now include a 24/7 online over-the-top
("OTT") TV streaming service, Alchemy TV which goes live today.
Alchemy is a digital platform that allows its users to purchase the most
recent music, video and e-books, make charitable donations, and fund
social initiatives.
Following today's launch of Alchemy TV, Alchemy users can now choose
from an extensive library of over 100 streaming channels offering family
entertainment, news, sports, lifestyle, drama, TV programming,
children's TV and documentaries. This new service is available as a
stand-alone and white label option.
Alchemy TV is free for Alchemy users and can be extended to include
access to its premium services allowing the viewer to purchase the
latest TV programming and Box Sets.
Milestone will receive a share of advertising revenues generated both
through the consumption of media across these channels and from the
creation of third party accounts and premium services sold.
The Over The Top (OTT) market is estimated to grow from USD 28.04
billion in 2015 to USD 62.03 billion by 2020 with a compound annual
growth rate of 17.2%.
The site can be found at http://www.alchemy-media.net/alchemytv
Deborah White, CEO of Milestone commented:
"This is an important development for the business as we now have an
exciting OTT entertainment offering for public consumption. Alchemy
offers content that appeals to a global audience and rewards its
customers with the knowledge they have helped support a charitable cause
in the process. The platform has been designed to showcase the Company's
expanding range of products and services with more developments expected
shortly."
This announcement contains inside information for the purposes of
Article 7 of EU Regulation 596/2014.
For further information:
Milestone Group PLC
Deborah White, Chief Executive Tel: 0207 929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray Tel: 0207 148 7900
Hybridan LLP, Broker
Claire Louise Noyce Tel: 0203 764 2341
Walbrook PR Limited, PR
Gary Middleton/Paul Cornelius/Paul Whittington Tel: 0207 933 8780
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Milestone Group PLC via Globenewswire
http://www.milestonegroup.co.uk/
(END) Dow Jones Newswires
October 28, 2016 02:01 ET (06:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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