PeerLogix Announces Licensing Contract with Leading Over-the-Top (OTT) Streaming Network for Content Procurement and Recommendation
Jun. 05, 2018
New York, N.Y., June 05, 2018 (GLOBE NEWSWIRE) -- PeerLogix, Inc. (the "Company") (“We”) (OTCQB: LOGX), the established standard for tracking non-subscription based Over-the-Top (“OTT”) engagement data, today announced it has partnered with a leading over-the-top television network which will use the Company’s 4-year viewership library of over 60,000 television shows and movies for improved content procurement and recommendation. The partnership is immediately revenue generating for the Company and features fixed monthly payments for a term of 1-year.
The OTT Network has considerable market share amongst its peers, millions of monthly viewers, over 100 ad-supported channels and is available on most streaming platforms including Apple TV and Roku. The Company’s OTT viewership data will be used to improve efficiencies in content procurement by uncovering over and undervalued television and movie programming, which will improve licensing decisions and therefore reduce one of the larger expenses for this OTT streaming network.
2017 was a landmark year for scripted television with over 1,400 original shows airing across traditional networks competing for viewership. PeerLogix’s vast content library includes viewership for the overwhelming majority of these shows including past content still relevant to OTT streaming audiences. The Company’s data is the only commercially available source of viewership on this scale and provides one-stop access to content demand across markets worldwide.
“Today’s digital consumers want personalized video experiences when choosing how and when to watch content. This is where we come in – our data is used to understand viewership at the household level in every market – enabling OTT publishers to tailor the video experience to each viewer with intelligent, data-based content delivery recommendations. When user experience is prioritized, publishers and networks are able to increase monetization opportunities due to viewers spending more time watching content on the platform.”
PeerLogix is an advertising technology and data aggregation company providing a proprietary software as a service, or SAAS, platform which enables the tracking and cataloguing of over-the-top viewership and listenership in order to determine consumer trends and preferences based upon media consumption. PeerLogix's patent pending platform collects over-the-top data, including IP addresses of the streaming and downloading parties (e.g., location), the name, media type (whether movie, television, documentary, music, e-books, software, etc.), and genre of media watched, listened or downloaded, and utilizes licensed and publicly available demographic and other databases to further filter the collected data to provide insights into consumer preferences to digital advertising firms, product and media companies, entertainment studios and others.
Forward Looking Statement
Certain of the statements contained in this herein include future expectations, contain projections of results of operations or financial condition or state other "forward-looking" information. The information contained in this includes some statements that are not purely historical and contain "forward-looking statements," as defined by the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Company's and its management's expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company's financial condition and results of operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate," "may," "should," "could," "will," "plan," "future," "continue," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, the actual results could differ materially from the forward-looking statements contained in PeerLogix forward-looking statements.
Contact: William Gorfein PeerLogix, Inc. 646-598-4640 firstname.lastname@example.org