GAL closer to listing after closing $4 million deal
Published 03-FEB-2016 11:15 A.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Galicia Energy (ASX:GAL) is one step closer to completing a reverse takeover of TV2U, having closed out a prospectus offer this morning, raising $4 million in the process.
The company told its shareholders this morning that it had hit the minimum subscription needed under the offer, which has been open since 10 December.
GAL shareholders have already approved the acquisition of TV2U and the change of name from Galicia Energy to TV2U International Limited, and now the company need only satisfy a few more ASX listing rules before it can start trading.
TV2U’s key product offering is TARA, a cloud-based entertainment over-the-top streaming service.
TARA users are able to curate channels based on their interests, along with accessing more traditional entertainment products such as Hollywood movies and Karaoke.
For example, a user with an interest in skateboarding will be able to curate a channel dedicated to skateboarding. This channel will be populated by not only professional content related to skateboarding, but will also house user-generated content a la YouTube.
By building a traditional streaming service but adding a layer of content flexibility, TV2U hopes to attract an audience which it can then on sell to advertisers.
Courtesy of TV2U’s analytics platform, it can track individual users’ location, interests, and demographic information.
For example, if a skateboard company wanted to reach skateboarders with video advertising, it could do worse than to target the TARA user who had curated a skateboarding channel.
Traditional subscription video on demand platforms such as Netflix do possess that level of analytic insight, but they do not use advertising as part of their revenue model.
Asia focused
GAL is believed to be looking at the potential of the Asian market for advertisers, and has eyed Karaoke as a way to do this.
Last year GAL struck a deal with Sunfly Karaoke to provide content for the service in a bid to attract eyeballs from the region to the service.
The deal reportedly added over 13,000 tracks and 1500 full motion karaoke videos into the mix .
The karaoke market, particularly in Asia-Pacific, is a key media opportunity.
For example, China-based online karaoke company Changba has 140 million registered users, 40 million of which are active monthly and 6 million daily.
To put that into perspective, Netflix globally has just under 75 million subscribers.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
