$MKAU MK Automotive, Inc. Joins the $37 Billion Vi
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Posted On: 02/08/2017 2:09:31 PM
$MKAU MK Automotive, Inc. Joins the $37 Billion Video Streaming Revolution with Acquisition of Video Content Service Provider Clikia
https://finance.yahoo.com/news/mk-automotive-...00343.html
PHOENIX, AZ--(Marketwired - Feb 1, 2017) - MK Automotive, Inc. ( OTC PINK : MKAU ) announces today the acquisition of Video Content Service Provider Clikia, entering the $37 billion video streaming revolution known as "Cutting the Cord."
MK Automotive CEO David Loflin said, "With the acquisition of 'Clikia' we enter the 'Over the Top' video content delivery industry. 'Over the Top,' or 'OTT,' is the term used for the delivery of Film and Television content over the internet.
"'OTT' is at the center of the uncontainable revolution known as 'Cutting the Cord' which is expected to generate $37 billion in revenue in 2017 and exceed $60 billion in revenue by 2020.
"'Cutting the Cord' is the result of a Tech-Savvy, Content-Hungry Audience and their desire to control the content they watch. This revolution frees the consumer of the high cost subscription rates from other TV service providers, whose subscription rates range from $50 to $200," said Loflin.
Mr. Loflin continues to say, "The trend of 'Cutting the Cord' is the result of several previous technological breakthroughs that include: File-Sharing, WiFi, Smart Phones and Tablets. The adoption and popularity of YouTube and Netflix has launched the 'OTT' industry. 'OTT' video content delivery is the future!
"Clikia will open for registration on February 15th and will offer many levels of service choices from a free account to a premium account priced at less than $30.00 per month. Simultaneously we will also launch an aggressive marketing campaign for subscribers using all internet and social media platforms. We will also take advantage of the fact that we are one of the only companies in the OTC Markets to provide this revolutionary service."
https://finance.yahoo.com/news/mk-automotive-...00343.html
PHOENIX, AZ--(Marketwired - Feb 1, 2017) - MK Automotive, Inc. ( OTC PINK : MKAU ) announces today the acquisition of Video Content Service Provider Clikia, entering the $37 billion video streaming revolution known as "Cutting the Cord."
MK Automotive CEO David Loflin said, "With the acquisition of 'Clikia' we enter the 'Over the Top' video content delivery industry. 'Over the Top,' or 'OTT,' is the term used for the delivery of Film and Television content over the internet.
"'OTT' is at the center of the uncontainable revolution known as 'Cutting the Cord' which is expected to generate $37 billion in revenue in 2017 and exceed $60 billion in revenue by 2020.
"'Cutting the Cord' is the result of a Tech-Savvy, Content-Hungry Audience and their desire to control the content they watch. This revolution frees the consumer of the high cost subscription rates from other TV service providers, whose subscription rates range from $50 to $200," said Loflin.
Mr. Loflin continues to say, "The trend of 'Cutting the Cord' is the result of several previous technological breakthroughs that include: File-Sharing, WiFi, Smart Phones and Tablets. The adoption and popularity of YouTube and Netflix has launched the 'OTT' industry. 'OTT' video content delivery is the future!
"Clikia will open for registration on February 15th and will offer many levels of service choices from a free account to a premium account priced at less than $30.00 per month. Simultaneously we will also launch an aggressive marketing campaign for subscribers using all internet and social media platforms. We will also take advantage of the fact that we are one of the only companies in the OTC Markets to provide this revolutionary service."
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