BATON ROUGE, LA, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Clikia Corp. (OTC PINK: CLKA), provider of ClikiaTV, a streaming (over-the-top, OTT) cable television subscription service, today discussed the increasingly dramatic growth in the rate of consumers who have become “cord cutters” – consumers who are abandoning traditional cable television as their primary mode for obtaining video entertainment content.
David Loflin, CLKA’s CEO, commented, “The cord-cutting phenomenon is dynamic, multi-faceted and difficult to predict. However, we are finding that cord-cutters are looking not only for greater flexibility but are also seeking meaningful monetary savings as they seek alternative modes for obtaining video entertainment. Our ‘on-the-ground’ experience matches the findings of the TiVo Q2 2017 Video Trends Report where 85.3% of cord-cutters terminated cable subscriptions due to ‘price/too expensive’”. Mr. Loflin further stated that the company remains convinced that ClikiaTV is well positioned in the OTT space.
Industry Data Shows ClikiaTV Sits in OTT Industry Sweet Spot.
According to a recent study from Digital TV Research, global OTT TV revenues will more than double from $37 billion in 2016 to $83 billion in 2022, driven in large measure by the success of subscription video-on-demand (SVOD) services, such as Netflix and ClikiaTV. It is the success of SVOD services like Netflix that propelled SVOD to the top of OTT revenues sources in 2013: by 2022, SVOD is expected to generate $41.2 billion, or approximately 50%, of OTT revenues, compared to $29.0 billion for advertising-supported video on demand (VOD), $8.1 billion for download-to-own and electronic sell-through and $5.2 billion for rental.
About Clikia TV, a Streaming Cable Television Subscription Service. ClikiaTV’s 40+ cable television channels are delivered to any device via the Clikia App (available in the iTunes Store, the Google Play Store, on Amazon and Roku, and via Google Chromecast, as well as through its inter-connected www.Clikia.com website). ClikiaTV competes in the rapidly expanding “over-the-top” marketplace, an extremely attractive and active marketplace positioned at the very center of the inevitable, unstoppable merger of two dynamic universes: television and digital video.
What is “Over-the-top”? “Over-the-top,” or OTT, is the term used to describe the delivery of film and TV content via the Internet, without requiring users to subscribe to a traditional cable or satellite pay-TV service, like Comcast or Time Warner Cable.
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the OTC Markets, Inc. and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.