21 May 2012
Motive announces that Granite Broadcasting Corporation (“Granite”) and Motive Holdings Inc., a fully-owned subsidiary of the Company, have completed and executed the agreement establishing Broadcast Cloud Joint Venture LLC (“BCJV”) as described in the announcement on 15 February 2012. BCJV is a 50/50 partnership of Granite and Motive Holdings Inc. created to develop and enable terrestrial broadcasting and Television Anytime Anywhere™ to iPads and other tablets.
As described in Motive’s recent Trading Update, the Motive group is developing additional technology on behalf of BCJV that will permit the reception of existing ATSC over-the-air broadcast television on iPads and other tablet devices in the United States. BCJV plans to have the system of antenna-tuners and apps ready for testing in Granite’s television markets in early 2013, with commercial introduction thereafter.
The Motive group will receive license fees based on the number of antenna-tuners distributed plus its share of joint venture profits.
Leonard M. Fertig, CEO of Motive, commented:
“BCJV represents an excellent opportunity for Motive to participate in the growth of television viewing on tablet devices in the United States. According to Forrester Research in 2012 there are 50.7 million tablet users in the United States, with additional sales at 40 million units per year over the next three years.
“Both Motive and Granite believe that the ability to watch and record free-to-air TV from all terrestrial channels on tablet devices with a one-time purchase of a low-priced antenna-tuner will be attractive to viewers and that there is an opportunity for viral growth of this sector. Indeed, we believe it is analogous to the very successful Freeview experience in the UK. Additionally, Motive’s Television Anytime Anywhere™ technology will provide catch-up and video-on-demand options.”
Motive Television plc
Leonard M. Fertig, CEO
T: +44 20 7025 8425
Merchant Securities (Nominated Adviser)
Simon Clements / Virginia Bull
T: +44 20 7628 2200
XCAP Securities (Joint Broker)
T: +44 20 7101 7070
First Columbus LLP (Joint Broker)
Chris Crawford / Kelly Gardiner
T: +44 20 3002 2070
Nicholas Nelson / Madeline Douglas
T: +44 20 7367 5100
Chris Plunkett / Mike Smargiassi
T: +1 212 986 6667
T: +44 7774 860011
Notes to Editors
Granite Broadcasting Corporation is a market-leading owner of local media properties in the U.S. The company's operations include broadcast TV stations, local cable TV channels, and local online and mobile media properties. Television network partners include Fox, NBC, CBS, ABC, The CW and My Network TV. Granite's local media operations are characterized by innovative, best of breed management and market leading franchises.
Motive Television provides software and services to the global television industry, enabling Television Anytime Anywhere. Motive’s patented and proprietary technology platform responds to the heightened viewer demand for watching what they want, when they want, on whatever device they want; and is driven by the mandatory switchover from analogue to digital broadcasting as mandated by the International Telecommunication Union.
Motive Television provides broadcasters and pay television operators with enabling technology that provides opportunities to deliver highly-valued services to viewers that generate additional income and retain existing subscribers, comprising:
Television Anytime. A technology platform that enables digital broadcasters and pay television operators to offer enhanced broadcasting services with or without the need for an Internet connection. These services include, among others, Video-on-Demand, CatchUp TV, Virtual Channels, Sneak Preview TV, and Targeted Advertising. Television Anytime is currently in commercial operation in Europe both in digital terrestrial (DTT) and soon in satellite (DTH) environments. Patented in Spain and patent pending in the EU.
Television Anywhere. An advanced multi-screen multi-channel technology that allows a viewer to control and watch all the content received by or recorded in their main home television equipment on any computer, mobile phone, iPad or any other Internet connected device. Television Anywhere is software-based and can be updated via software upgrades on existing STB. US patent pending.
Motive’s content division is:
Motive Television Limited, a Dublin-based award-winning independent production company that produces factual programmes for Irish broadcasters. It specializes in live sports production and sports documentaries and also produces factual and entertainment series.
Motive Television was founded in London in 2005 and its shares are quoted on the London Stock Exchange (AIM).