PHOENIX, AZ--(Marketwired - May 4, 2017) - MK Automotive, Inc. (
Clikia and The Streaming Industry. MKAU also provided analysis of recent streaming industry news. Citing a report by MoffettNathanson, an independent research boutique, FastCompany.com, in its May 3, 2017, article "Cord-cutting spikes fivefold in cable TV's worst quarter ever", ( article link ) states that Pay-TV providers (i.e., cable companies) lost five times more customers during Q1 2017 than they lost during Q1 2016.
When asked for comment, MKAU CEO and Clikia founder, David Loflin, stated, "To say the least, we are extremely excited that customer flow to subscription-based streaming services, like Clikia, continues to accelerate. We are positioned well, our streaming platform is state-of-the-art and, now, our job is to execute. And we have every intention of doing so."
About Clikia
Clikia is a content delivery company within 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.
Clikia's entertainment streaming packages are flexible enough to satisfy younger consumer groups, as well as the traditional consumer groups who have become comfortable in securing a wide-ranging buffet of programming options from a single provider.
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 Securities and Exchange Commission 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.
MK Automotive, Inc. Investor Relations investor@clikiacorp.com
