CLIKIA CORP (OTCMKTS: CLKA) is the proprietor of ClikiaTV, a streaming, over-the-top cable television subscription service. “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.
The company has provided an update that caught our eye, as well as having recently awakened from the dead on the chart, coming out of nowhere with a huge move this week.
CLIKIA CORP (OTCMKTS: CLKA) today announced the establishment of its Roku Private Channel, “clikiacorp”, and the completion of the first significant update of its App across the Apple iOS and Google Playstore platforms. This same update for Amazon Fire TV and Apple TV will be completed in June 2018, as will the ClikiaTV Roku Public Channel.
“Establishing our ‘clikiacorp’ Roku Private Channel is an extremely important step towards our objective of ClikiaTV ubiquity – streaming everywhere, all the time, right now, on any device,” stated David Loflin, CLKA’s CEO. “Also, the already completed, as well as the in-process updates, to the ClikiaTV App across all other platforms provides a more rewarding subscriber experience and better technical performance,” Mr. Loflin further stated that the company is increasingly convinced that ClikiaTV is well positioned in the OTT space.
According to a recent study from Digital TV Research, global OTT TV revenues will more than double from $37 billion in 2016 to $83 billion in 2022, driven in large measure by the success of subscription video-on-demand (SVOD) services, such as Netflix and ClikiaTV. It is the success of SVOD services like Netflix that propelled SVOD to the top of OTT revenues sources in 2013: by 2022, SVOD is expected to generate $41.2 billion, or approximately 50%, of OTT revenues, compared to $29.0 billion for advertising-supported video on demand (VOD), $8.1 billion for download-to-own and electronic sell-through and $5.2 billion for rental. (Source: Globe Newswire)
In addition to its streaming service, earlier this year the company alluded to its plans to introduce a cloud-based DVR (digital video recorder) to complement the ClikiaTV service. The company indicated its planned DVR service is expected to be ready for launch early in the early part of the second quarter of 2018.
David Loflin, CLKA’s CEO, commented, “We are excited to be able to satisfy our subscribers’ number one request: an easy-to-use, cloud-based DVR that offers immediate play-back capability. We believe that our DVR service will be an excellent enhancement to our excellent ClikiaTV service, one that will allow ClikiaTV to remain well positioned, going forward, in the highly fragmented OTT/streaming space.” (Source: Globe News Wire)
We’ll be eager to look for the rollout of that DVR product to augment the company’s OTT TV platform, which in itself, certainly has some good potential. More and more people are “cutting the cord” with traditional TV providers who dole out increasingly less of a product for increasingly more of a price tag and people are tired of it. With the stock also recently waking up and coming off of extreme super sub-penny lows, it seems like a good time keep a close eye on CLKA. We’ll be sure to continue looking out for key events. We’ll stay up on any further developments with CLKA and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free small cap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in CLKA stock, short or long.