JumpTV signs distribution agreement with CVM Television
Mr. Kaleil Tuzman reports
JUMPTV SIGNS CHANNEL PARTNERSHIP AGREEMENT WITH CVM TELEVISION LTD., A LEADING JAMAICAN TELEVISION STATION
JumpTV Inc. has signed an exclusive Internet-broadcast distribution agreement with CVM Television Ltd., one of the top two stations in Jamaica, providing news, sports and entertainment to the country.
JumpTV’s global Internet television network streams live, high-quality international television signals via its website from stations in more than 65 countries. Subscribers can access their favorite channels from any Internet-enabled device including home computers, laptops, Internet-enabled televisions, mobile phones and video game consoles.
Kaleil Isaza Tuzman, president and chief executive officer of JumpTV International, stated: “This partnership combines the strengths of CVM Television’s leading programming with JumpTV’s proven Internet distribution platform. Together, we now have the ability to reach a large and virtually untapped market of the more than 2.5 million Jamaicans living abroad. The vast majority of these diapora Jamaicans reside in the United States, Canada and Europe, all of which have high-broadband penetration, making them ideal potential subscribers for this new content.”
Mr. Tuzman continued: “Striking exclusive channel partnerships with companies like CVM is a crucial component to our three-prong business strategy: focusing on content acquisition; creating a world-class subscriber experience; and the aggressive marketing of content to current and potential subscribers. To that end, we’ve had tremendous success in acquiring over 10 new channels since June 30.”
“The choice to partner with JumpTV was simple, as they have created the best possible solution for CVM to expand its viewership around the world. JumpTV gives us a reliable platform to disseminate our content to Jamaicans, Caribbean people and lovers of Jamaican culture everywhere, so that they can enjoy programming from home,” said Dr. David McBean, chief executive officer of CVM.
Priced at $9.95 (U.S.) a month, upon commercial launch, JumpTV subscribers will be able to watch many of Jamaica’s most popular programs, including the daily morning show “CVM at Sunrise,” nightly news and sports programs “NewsWatch” and “SportsWatch,” and the local entertainment show “On Stage.”
CVM was not included in the list of recent channel partner agreements as found in JumpTV’s prospectus for its initial public offering and listing on the Toronto Stock Exchange and London’s Alternative Investment Market.