Showing posts with label YANGAROO Inc.. Show all posts
Showing posts with label YANGAROO Inc.. Show all posts

Thursday, 31 July 2014

YANGAROO Featured In Major TV Industry Journal


YOO:TSX-V

Earlier this week, YANGAROO president of advertising Sarah Foss was interviewed in the weekly industry trade magazine Broadcasting & Cable (B&C). Based in New York City, B&C is the leading publication in the television industry, serving more than 23,500 subscribers.

The article highlighted a number of the major competitors and issues facing the industry. Foss stated, “The No. 1 conundrum hitting clients on both sides of the equation, agencies and media companies, is how to handle video in an omni [or multi-platform] environment.” She went on to say, “Right now many people do not have effective systems and have to deal with things manually.”

She further explained how YANGAROO tackles this issue head on with its Digital Media Distribution System (DMDS), which allows both agencies and media companies to streamline their processes in its cloud based multi-format environment.

Foss stated, “Yangaroo sees itself as the filling in the Oreo cookie between agencies and media companies, using a cloud-based platform to streamline the delivery and management of ads from the agencies, deep into the infrastructure of the media companies. Deployments at two networks have already made their ad infrastructures much more efficient”.

Click here to link to the B & C website. To view the article, readers must pay for a subscription.




Thursday, 12 June 2014

YANGAROO Eliminates Debt - Well Positioned For Growth


YOO:TSX.V

While many junior companies are struggling to raise money in today’s environment, there are a few bright lights on the TSX Venture exchange. YANGAROO announced today that it closed the first tranche of its brokered private placement for gross proceeds of $1.2 million. The raise was done at $0.30 with NO WARRANTS ATTACHED. It was noted that YOO could raise up to $2 million, but the company has decided to cap the amount at $1.6 million as this reduces dilution.

The remaining $400 thousand amount to reach the $1.6 million is going to be taken up by one investor. Today’s (June 12th) news release stated the company was giving the investor more time to participate and has scheduled the close of the second tranche on or before July 29, 2014.

Today’s news follows yesterday’s announcement that the company paid off 100% of its outstanding $2.3 million debenture debt. This is significant for YANGAROO as it will save the company approximately $77 thousand per quarter in interest expenses. Click here to view yesterday’s news of YANGAROO’s repayment and redemption of all debentures.

In speaking with YANGAROO management today, it was expressed that the company now has the money it requires to accelerate growth.   

Please click here to view full press release.

Friday, 6 June 2014

YANGAROO Teams Up With European & Brazilian Partners For Leading Music Industry Conference


YOO:TSX.V

Every year the who’s who in the music industry gathers in New York to discuss the business of music. This week YANGAROO announced that it will have a presence with partners Federation X and Kollector at the New Music Seminar (NMS) June 8 to 10 in New York. The NMS attracts more than 450 artists, 160 speakers, more than 30 seminars and over 6,000 attendees from all facets of the Music Industry.

"The NMS is the ultimate destination where artists, industry players, and companies are provided the knowledge, tools, and connections they need to succeed and build the New Music Business.” - http://newmusicseminar.com/

YANGAROO has teamed up with Federation X, YANGAROO’s European licensee and another industry leading software company Kollecto to attend the New Music Seminar. To view the Federation X License news release, please click here.

This collaboration will give independent European artists world class tools to distribute content and to monitor airplay through the use of YANGAROO’s Digital Media Distribution System and Kollector’s monitoring service.

“With Kollector, you can now estimate royalties using a transparent and immediate tool but also have a precise vision of how well your catalogue is doing on the market, providing everyone with a remarkable benchmarking weapon and promo results numbers at the glimpse of an eye!" said Jacques Krischer CEO, Kollector.

YANGAROO’s service is used by over 5000 broadcasters in North America and is expected to move into Europe and Brazil later this year. Currently YANGAROO’s DMDS delivers over 90% of all music videos sent to major broadcasters in North America. These include MTV/VH1, BET, REVOLT, Fuse, Music Choice, MuchMusic, CMT, GAC, and many more.

To view full news release, please click here.

Kollector - http://www.kollector.com/
Federation X - http://www.federationx.com/Federation_X/Home.html



Wednesday, 14 May 2014

YANGAROO Signs Deal With U.S. Cable Giant

YOO:TSX.V

YANGAROO has signed a major agreement with New York based, Cablevision Media Sales (CMS) to provide a cloud based media distribution platform for all CMS’ properties. YANGAROO’s Digital Media Distribution System (DMDS™) will give advertisers the ability to seamlessly transmit commercials in more than 200 different file formats.

Cablevision Media Services operates five companies under its umbrella with a combined reach upwards of 11 Million viewers and readers. CMS properties include New York Interconnect, News 12, and regional and local cable systems, print, cable news and media purchasing companies. While financial terms weren’t disclosed, revenue from this agreement will start to be recognized in YANGAROO’s second quarter results. 

“At Cablevision Media Sales, our advertisers are key to our success,” said Ed Renicker, Chief Operating Officer of CMS.  “By providing this service—free delivery of commercial content to our regional and local properties, we are helping our advertisers in a number of ways.  We’re streamlining their workflows, making it easier to do business with us, and, in effect, helping them with their bottom-line.  Of course, leveraging the technology from YANGAROO is helping us do all of those same things.  It’s a win-win for CMS and our advertising partners.”

To view the news release in its entirety, please click here.

About Cablevision Media
CMS it is a subsidiary of Cablevision Systems Corporation (NYSE:CVC Mkt Cap $4.65B), the 8th largest cable and telephone provider in the United States. The Madison Square Garden Company, owners of the New York Knicks, New York Rangers and New York Liberty is a spinoff of Cablevision. AMC, the network that brought you Breaking Bad and The Walking Dead is also a Cablevision spinoff.  


Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M 


Monday, 12 May 2014

YANGAROO’s Technology At The 2014 Canadian Music Week

YOO:TSX.V

The highly attended Canadian Music Week (CMW) festival in Toronto last week was the perfect venue for YANGAROO to spotlight its Digital Media Distribution System (DMDS) technology. It is a leading secure B2B digital cloud based solution focused on the music and advertising industries. YOO was there, talking to industry elites about DMDS and posted a video on YouTube about its experience at the festival.



About Canadian Music Week – May 6 – 10, 2014:

Now in its 32nd year, CANADIAN MUSIC WEEK is recognized as one of the premier entertainment events in North America focusing on the business of music. The Canadian Music Week festival spans 5 nights of performances, with 1,000 showcasing bands at more than 60 live music venues in downtown Toronto. All convention functions take place at the Toronto Marriott Downtown Eaton Centre.



Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M 


Thursday, 10 April 2014

YANGAROO Achieves Record Year & Fourth Quarter


YOO:TSX.V




It was a positive conclusion to the end of 2013 as YANGAROO today announced its yearend and fourth quarter (Dec. 31) results.  

The fourth quarter represented two major milestones for the company:

  • Sales exceeded $1 million for the first time.
  • The normalized quarterly cash flow was positive for the first time.

Other key highlights include the following:

  • Revenue for the fiscal year 2013 was $3,494,490, 30% higher than in fiscal 2012. 
  • Revenue for the fourth quarter was $1,059,481, 39% higher than the revenue for the same period in 2012 and 27% higher than the previous quarter. 
  • The increase in revenue is primarily a result of greater use of YANGAROO Advertising by new and existing customers, to deliver SD and HD ads to television broadcasters.


  • Total operating expenses for the year were $560,547 higher than the previous year, primarily relating to the financing, restructuring and issuance of stock options. 
  • Total operating expenses for the fourth quarter of 2013 were 25% higher than the same period in fiscal 2012, primarily due to stock options costs. 

To view today’s new release please click here


Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M 



Wednesday, 9 April 2014

YANGAROO - The Howard Group's Perspective

The Little Technology Company That Could!




Recently restructured, revenues are rising, brand-named clients, strong management team with a track record - all the pieces are aligned for this TSX Venture traded technology company.

The Howard Group has published its “Perspective” on YANGAROO, see below to review.




YOO:TSX.V

Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M 






Wednesday, 2 April 2014

YANGAROO Announces European Partnership Deal with Federation X Group

YOO: TSX.V

Today YANGAROO opened the door to Europe with its announcement on partnering up with  Swedish based Federation X Holdings.

Federation X, headquartered in Malmo, Sweden, and its affiliate Music2Be, based in the U.K. will  provide YANGAROO's industry leading digital delivery service to record labels, independent artists and promoters to deliver broadcast quality music audio and music video files to radio and television broadcasters and other destinations throughout the European Union, as well as Norway and Switzerland.

The terms of the deal were not disclosed; however, according to management, a “substantial advance payment was received and annual revenue targets are required in order for Federation X to retain the European rights over the initial three year term of the contract.” Management estimates that the European market, including Norway and Switzerland, should be comparable in size to the North American market.

To view today’s news release, please click here. 


Shares Outstanding:  ~ 40M
Shares Fully Diluted:  ~ 56M 


Monday, 17 March 2014

Introducing Yangaroo's Latest Client - SpeedMedia


YOO: TSX.V

YANGAROO, today announced the completion of an integration with SpeedMedia Inc, a post-production, distribution, and asset management company that provides services for advertising and broadcast industries.

SpeedMedia, headquartered in California and with offices in New York, is known for its proprietary Digital Library technology. According to the news release, the addition of Yangaroo’s patented technology platform - DMDS, will allow SpeedMedia to provide fully automated workflows from post-production to campaign content distribution.

Clients on its website include: Pepsi, Calvin Klein, Microsoft, MetLife, adidas, Under Armour and Sony, to name just a very few well known brands.

SpeedMedia notes in its distribution service, which is of particular interest to YOO:

“Through our Multi-Network partnerships, SpeedMedia Distribution offers the largest and most versatile online ad distribution footprint for clients both domestic and international. To supplement our online capabilities, we offer offline distribution for all broadcast standards and formats – assuring that your content make it to its destination no matter what. Additional production services such as Closed Captioning and Broadcast Verification Encoding are also available and performed.”

The integration is part of an on-going initiative at YANGAROO to further develop its advertising side, and to provide SpeedMedia with cost-effective advertising solutions to key clients such as Burger King, Domino’s Pizza, Adidas, Pepsi, and many more.

To view today’s news release, please click here.


YOO: TSX.V
Shares Issued: 40,000,000




Monday, 10 March 2014

Global Maxfin Says YANGAROO Is A STRONG BUY

YOO:TSX.V


Global Maxfin Capital Inc analyst D. Joseph MacKay released a report today on YANGAROO with a STRONG BUY recommendation and a 12-month target price of $0.60. It was trading as of this writing at $0.40.

The report, titled “YANGAROO – Turning The Corner”, outlines YANGAROO’s ability to establish itself as a viable number two supplier, now that Extreme Reach (Private) has acquired Digital Generation’s TV business, the largest player in the market.

Key highlights from the report include:
  • 2014 Revenue is forecasted at $6.4M, an 84% increase over the prior year, while Joseph MacKay conservatively projects a growth of 36% in 2015E to $8.7M. With these forecasts, YANGAROO will be EBITDA positive for the first time in the first quarter of 2014.
  • The Advertising Segment is expected to generate significant revenue growth due to changes within the industry as well as changes in the Company’s NYC office. In 2014E, Joseph MacKay is forecasting that YANGAROO’s advertising revenue will grow by 225% to $3.9M and by 54% in 2015E to $6.0M.
  • The Music Business is forecasted to grow by 9% to $1.7M and Global Maxfin Capital expects a further increase of 10% in 2015E to $1.9M.
  • The Awards Show Business is also forecasted to grow by 10% in 2014E to $750K, while the Analyst expects a slightly lower growth of 5% in 2015E to approximately $800K.
  • With consolidated revenue forecasted to grow significantly in 2014E, Global Maxfin Capital notes that YANGAROO’s EBITDA will finally move from a loss of $532K in 2013E to a surplus of $1.7M in 2014E. By the end of 2015E consolidated revenue will see an even further increase to $2.6M.

 To view the full report, please click here.


YOO:TSX.V
Shares Issued: 40,100,000


Thursday, 6 March 2014

YANGAROO Signs Multi-Year Deal with Canadian Country Music Association


YOO:TSX.V


This afternoon YANGAROO issued a news release announcing that it has signed a multi-year agreement with The Canadian Country Music Association (CCMA). YANGAROO will provide the annual CCMA Awards and Country Music Week Showcases with its patented secure digital platform to stream and download nominated music and music videos, and facilitate the shows’ voting through its cloud-based technology.

According to the news release, YANGAROO Awards has quickly emerged as the industry standard for awards show voting in North America, being employed similarly by The GRAMMY Awards, The MTV Video Music Awards (VMAs), The MTV Movie Awards, BET Awards, The Academy of Country Music Awards, and The JUNO Awards, among many others. 

The monetary value of this contract was not disclosed in the news release.

The CCMA Awards show promotes and recognizes the achievement of artists and industry leaders within the Canadian Country Music Association. To view the CCMA website, please click here.

To view the news release, please click here.


YOO:TSX.V
Shares Issued: 40,000,000




Tuesday, 21 January 2014

YANGAROO Fourth Quarter Sets New Sales Record - Over $1 Million In Revenue

YOO:TSX-V

YANGAROO announced today that for the first time in the company’s history, it surpassed $1 million for revenue in a quarter. According to the news release, this sales milestone was led by the “Advertising Division”, which brought in 15 new clients and brands during the quarter. The “Music Division” also saw new revenues from Sean “Diddy” Comb’s new music television network Revolt, and there was continued growth in revenues from YANGAROO’s “Awards Division”.

Yangaroo management has publicly stated that it expected the company to be cash flow positive in the fourth quarter. This achievement is very possible if the fourth quarter’s Operating Expenses are in line with the last quarter, which was reported as $1,006,602.

To view today’s news release, please click here.


YOO:TSX.V
Shares Issued: 40,000,000




Tuesday, 7 January 2014

YANGAROO Continues To Grow Advertising Sales Team

YOO:TSX-V

YANGAROO is kicking off the start of 2014 with the addition of another sales professional to its already impressive roster with today’s announcement that Susan Romanowski has been hired as the Company’s Director of Sales within the Advertising Division.

Ms. Romanowski will be working out of YANGAROO’s New York City-based office along with Sarah Foss and Joanne Eckert, President and Vice President of YANGAROO’s Advertising Division. The continued expansion of the advertising team will allow YANGAROO to introduce its innovative digital media distribution technology to more clients throughout North America. 

We spoke with Ms. Romanowski about her new position with YANGAROO who said, “"I'm thrilled to join YANGAROO and a team of successful marketers to grow the Advertising Division. With the continued digitization within the media industry, the time is now to provide agencies and brands with an accountable digital media management solution." 

According to the news release, as well as Ms. Romanowski’s LinkedIn profile, she graduated from the University of Connecticut in Communications and most recently worked as a Sales Account Executive at Rovi Corporation, where she managed and grew top tier cable network advertising revenues.

To view the news release, please click here…

To view Susan Romanowski’s LinkedIn page, please click here…


YOO:TSX.V
Shares Issued: 40,000,000




Wednesday, 11 December 2013

YANGAROO Presents At Advanced Advertising Summit In New York City

YANGAROO’s President of Advertising, Sarah Foss, was featured as a key presenter at the Advanced Advertising Summit yesterday at The Roosevelt Hotel in New York City. The event was held to discuss the latest technologies available to help marketers and programmers target the right audiences in a multi-platform environment.

YANGAROO was the only content distributor in attendance and other presenting companies included FOX Networks, AT&T AdWorks, Time Warner Cable Media and DISH Network. Ms. Foss was one of four speakers during the event’s second panel titled, “Insertable Advertising Across TV and Other Connected Platforms: Making it Happen.”

We had the opportunity to speak with Ms. Foss about the event, which she described as YANGAROO’s “coming out party” in New York, saying the main purpose of the company’s presence at the Summit was to emphasize that the YANGAROO platform and technology offers much more than just content distribution.

With the advancements made in technology over the past decade, advertisers now want to see an integration of their advertisements across multi-screens and have a way to both measure and monetize the success of their advertisements as a single campaign.

Ms. Foss stated that advanced advertising is currently hindered because advertisers do not have systems capable of managing its advertising unified and connected for multi-screen distribution and monetization. As an example, a car company will have different advertisements for 30 second primetime television commercials vs. pop-up ads on mobile phones vs. online advertisements. Right now, agencies and content distribution systems are siloed; what powers TV doesn’t work for the web, IPTV, mobile phones, etc.  In other words, for an advertiser to assess one campaign for multiple platforms, it requires lots of people, different software, and one big Excel workbook to manually manage the disparate data. 

YANGAROO can act as the single point of contact from where the ad is distributed, managed and then assessed across multi-platforms. YANGAROO’s enterprise platform is designed with an open architecture, capable of integration with different systems to either pull data from or work alongside of. As a prime example, Comcast is capable of distributing and managing advertisements but since it operates on a closed-platform it can only work within the Comcast family of networks. The flexibility of YANGAROO’s platform provides a unique opportunity.

In our discussion with Ms. Foss, she expressed that advertisers are demanding unified, multi-screen campaigns management capabilities—and that YANGAROO is poised to help.  Agencies have developed their own proprietary software systems and tools to address their clients’ needs.  By leveraging the open architecture of YANGAROO’s enterprise platform, these agencies can keep their valuable tools while automating the functionality that is manually managed in an Excel spreadsheet.  It’s a best-of-all-worlds approach to leveraging technology.  The agency keeps its own systems as value-creation while accessing new features and systems their advertisers want. 

Ms. Foss remarked that YANGAROO’s newest clients have been particularly impressed with the flexibility of formats, real time verification notifications, and outstanding service that ensures fast and fully automated workflows.  These automated processes increase agency effectiveness and their clients’ satisfaction.
Ms. Foss also hinted that the Company is currently expanding its security functionality—such as content fingerprinting and watermarking—although no indication was made as to when these features might be unveiled.

To view the Advanced Advertising Summit’s website, please click here….

For more information about Sarah Foss, please click here….



Tuesday, 10 December 2013

Academy of Country Music, YANGAROO Renew Multi-Year Agreement

YANGAROO Inc.
TSX.V : YOO
Shares issued: 40 million
**************************
YANGAROO announced this morning that is has officially extended its agreement with the Academy of Country Music (ACM) for the next three years.

The ACM Awards are produced by dick clark productions, which YANGAROO has been working with for the past three years. YANGAROO’s DMDS technology has enabled ACM members to review and vote for award nominees online.

Tiffany Moon, EVP/Managing Director for the Academy, is quoted in the press release stating that YANGAROO’s DMDS technology has made the award winner selection process greener, more cost-effective, secure and convenient.

The ACM Awards is celebrating its 49th year this year and is the biggest country music awards show in the U.S. The event will be held on April 6th, 2014 at the MGM Grand Garden Arena in Las Vegas and will be hosted by country music superstars Blake Shelton and Luke Bryant.

To view the news release, please click here…

To view the ACM Awards website, please click here….


Thursday, 5 December 2013

Daytime Emmy’s Now Accepting Online Submissions With YANGAROO’s DMDS Technology

YANGAROO Inc.
TSX.V : YOO
Shares issued: 40 million
**************************

More details recently emerged about the relationship between YANGAROO and the Daytime Emmy Awards in an article that appeared in entertainment publication, Variety.com. While the relationship between the two was press released last February, the article provided more detail on how YOO’s proprietary technology will be utilized for online voting.

According to Variety’s article, as of Wednesday December 4th the National Academy of Television Arts & Sciences began accepting online submissions for the 81 categories in the Daytime Emmy Awards using YANGAROO’s DMDS technology.

This will be the first time in the Daytime Emmy’s 41 year history that submissions are allowed exclusively online. Using the DMDS platform, judges will have the ability to stream entries and cast their ballots virtually instead of using a paper ballot.

Submissions are being accepted until January 17, 2014 and the event typically airs in June.

To view Variety’s news article, please click here….

To view YANGAROO’s press release from February, please click here…


Wednesday, 27 November 2013

YANGAROO’s Growth Evident With Release Of Q3 Financials – CEO Labels Period As “Transformative”

YANGAROO Inc.
TSX.V : YOO
Shares issued: 40 million
**************************
The most notable item in the numbers associated with YANGAROO’S nine and three month results was the 26% revenue increase for the first three quarters of this year versus the same period of 2012.

The digital media management company saw nine month revenues climb to $2.43 million from $1.92 million, last year.

Quarterly revenue came in at just over $836 thousand, which was flat with the second quarter that came in at $835 thousand. Management stated that this is attributable to the seasonality of the business, as Q3 is typically the slower time of year for the Company.

While the third quarter proved to be rather slow on the sales side, the same cannot be said on the business side, with YANGAROO’s President and CEO, Gary Moss, describing Q3 as a “transformative quarter.”

During Q3, YANGAROO completed its brokered private placement and 10:1 share consolidation. The Company had initially hoped to raise between $750K and $1.25M through a private placement, but successfully raised $1.6M and converted over 66% of the total debt, amounting to several million dollars of liabilities removed from the balance sheet.

According to the news release, with a stable financial structure now in place and newly hired sales executives in the advertising sector, Mr. Moss suggests that the Company is in a favorable position to execute its plan for quarterly growth for the remainder of 2013 and into 2014.

To view the news release, please click here…

Tuesday, 5 November 2013

YANGAROO Appoints Seasoned Media Executive As VP – Sales & Business Development For Advertising Division

YANGAROO Inc.
TSX V : YOO
Shares issued: 40 million
**************************

YANGAROO announced this morning that Joanne Eckert has formally joined the team as the Vice President of Sales and Business Development for the company’s advertising division.

Ms. Eckert will be working out of YANGAROO’s New York City office and brings over fifteen years of industry experience, skills and key relationships. She received her Bachelor of Science in Marketing from Bentley College in Waltham, Massachusetts and has held executive positions with major media institutions in the U.S. including A&E, Time Warner, Viacom, Comcast, BBC, and most recently, LodgeNet Interactive Corporation, where she held the position of Vice President – Ad Sales and Partnerships.

We had the opportunity to speak with Ms. Eckert who said that the biggest draw for her in joining the YANGAROO team is simply the opportunity she feels the company has in entering the digital media distribution market and taking a sizeable piece of the pie.

Within the advertising division, YANGAROO is able to provide its DMDS cloud-based technology to what Eckert refers to as the “Three Core Customer Bases”, being traditional ad agencies, direct response agencies and content producers/production houses.

The benefit of DMDS is that these organizations are able to easily trial the technology’s capabilities with a simple download, which is an ideal characteristic from a sales perspective.

Ms. Eckert stated that she and the management team at YANGAROO have spent a considerable amount of time researching the competition’s sales approaches, technologies, costs and customer service capabilities, and she feels that with YANGAROO’s DMDS technology, the company has “room for substantial market growth”, particularly so with the client base it has already established.

To view YANGAROO’s news release, please click here…

To check out Joanne Eckert’s bio on LinkedIn, please click here…



Wednesday, 30 October 2013

YANGAROO Inks Brazilian Partnership Deal For Video & Music Distribution

YANGAROO Inc.
TSX V : YOO
Shares issued: 40 million
**************************
Just a week after announcing its deal with the new American music television network, REVOLT, YANGAROO has announced another deal; this time with Brazilian music entrepreneur Göran Andersson.

Though the specific terms of the agreement have not been disclosed, Mr. Andersson will essentially be working to bring YANGAROO’s Digital Media Distribution System (DMDS) to the Brazilian music industry, where content is currently transferred to radio stations by CD and to television networks by tape.

So, just who is Göran Andersson?

He and his company, Universi Brazil, may not have the same name recognition on this side of the ocean as P. Diddy and REVOLT, but his background is quite impressive.

Mr. Andersson is a global music business entrepreneur with offices around the world, and has developed a successful career spanning over three decades working with major record labels and broadcasters. YANGAROO will be utilizing his extensive knowledge and industry relationships to bring the benefits of its cloud-based DMDS technology to the Brazilian music industry.

According to Mr. Andersson’s LinkedIn profile, he has sat on the Board of Trustees for The ARChive of Contemporary Music for the past 27 years, an organization that, interestingly enough, has David Bowie, Keith Richards and Martin Scorsese on its Board of Advisors.

With Brazil set to host the World Cup in 2014 and the Summer Olympics in 2015, the country will certainly be garnering worldwide attention over the next couple of years. DMDS has an opportunity to potentially provide North American media outlets the ability to distribute audio and video content to the Brazilian market, the world’s fifth largest country with a population of nearly 200 million.

To view the news release, please click here………





Thursday, 17 October 2013

YANGAROO Scores Deal As Content Delivery Provider For New Music Television Network - REVOLT

YANGAROO Inc.
TSX V : YOO
Shares issued: 40 million
**************************


We love it when new Howard Group clients start off with a bang! Such is the case with YANGAROO as news dropped today that the Company has been chosen above all others to provide high tech delivery services for a new music television network backed by an A-list hip-hop star.

YANGAROO’s Digital Media Distribution System (DMDS) has been selected to be the exclusive provider for the delivery of HD music videos to REVOLT, a new music television network that launches next week on October 21st.

REVOLT will initially air through Comcast and Time Warner Cable, reaching 20 to 30 million homes in the U.S. and is anticipated to stand as a competitor to MTV. Throughout the past few years, MTV has shifted its focus from airing music videos to reality shows.  REVOLT is aiming to capture MTV’s lost audience.

The network is backed by media mogul and hip-hop artist Sean “Diddy” Combs. For our readers who are less than familiar with today’s celebrities, Mr. Combs has also gone by the names Puff Daddy and P. Diddy.

Whatever you chose to call him, REVOLT is the latest project on Mr. Combs’ already long list of successful business ventures. He founded Bad Boy Records in 1993 and has continued his success since that time as a Grammy Award winning rapper, producer of the Sean John clothing line, producer of MTV’s “Making the Band”, restaurateur, nightclub owner and actor. He also agreed to a 50-50 JV for Diageo’s Ciroc vodka brand in 2007 and acquired the Enyce clothing line from Liz Claiborne in 2008, likely contributing to his estimated 2012 net worth of $550 million.

“With YANGAROO’s DMDS integrated directly into the REVOLT internal workflows, we expect that the entire music video submission process will be faster, more efficient, and cost-effective” said Tuma Basa, Vice President of Music Programming, REVOLT TV. “By choosing DMDS, we will also be able to ensure that the highest quality HD videos are able to be delivered for broadcast.”  

YOO hasn’t disclosed the terms of the deal but we anticipate that there will be light shed on the arrangement in the coming months. 


To view the news release, please click here....