PeerTV Announces New Deal With US

June 23, 2014 - PRLog -- PeerTV, the fast moving provider of Android based OTT (TV over the internet) (http://www.peertv.com/#!what-can-i-do-with-etv/cjg9) delivery solutions this week announced a major new supply and distribution deal with a US OTT operator. Under the terms of the deal, the US based OTT operator will purchase PeerTV’s Android set top boxes (http://www.peertv.com/#!end-to-end-solution/cee5) and distribute these in both the US and Irish markets

According to recent TDG research, more than 60% of US broadband households have at least one TV connected to the Internet and can enjoy online media services such as OTT, meaning that of the circa 90 million US households that subscribe to residential broadband service, some 54 million now have access to movies and television programming from the Internet, all on their home TV — that’s four in ten US households.

This new win comes on top of recent announcement by the group of similar OTT hardware and software supply deals in Germany and Poland to content providers there.

The US company plans to roll out its OTT services in several countries over the next two years and PeerTV will be its exclusive set top box supplier. PeerTV has agreed a sole supplier distributorship in North America and Ireland, subject to the achievement of minimum sales levels of at least $3 million over the first three years.

In addition, PeerTV (http://www.peertv.com/)’s latest partner has pledged to purchase a minimum of 50,000 Android set top box units within three years.  The companies will be cooperating in product development and marketing.

PeerTV CEO Avi Vermus comments, “This important new agreement provides PeerTV with the opportunity to acces major international markets with exciting growth potentail for OTT. We will now have direct access to a range of high growth markets, including the USA and a key strategic distribtions partner who has ambitous plans and a commitment to extensive marketing. ”

In a recent report entitled "Worldwide Over the Top Subscription Video on Demand (OTT SVOD)", the Multimedia Research Group expects the OTT SVOD (http://www.peertv.com/#!become-a-partner/cfvg) market to record significant growth in the coming years, reaching nearly $8 billion on more than 120 million subscribers globally by 2017. North America is the most developed market for OTT SVOD services with more than 25 OTT SVOD service providers. OTT SVOD subscriptions are estimated to have reached nearly 50 million. North America is followed by Western Europe which accounts for 11% of the worldwide OTT SVOD market with 7 million subscriptions and annual revenue of $575 million.

PeerTV was one of the first companies in the market to launch an Android based set top box to deliver supplier content to domestic and commercial subscribers, bringing together the advantages of the Android operating system, apps and a quick and smooth user experience to enable TV or web viewing via a single unit.

The PeerTV package has been carefully designed to meet the unique needs of the OTT marketplace, delivering a flexible platform that can be customised both by the end user and by corporate buyers of the system.  PeerTV target customers include ISPs, ethnic TV service providers, content providers, cable operator, mobile operators, the hospitality sector, hospitals and academic institutions.

For more information on PeerTV, log on to www.peertv.com  or email info@peertv.com