Business
Shoal Games Completes Acquisition of Kidoz Ltd.
Shoal Games ' Rooplay OTT System and the Kidoz Network will Reach 50 Million Kids a Month w...
About this update from Kidoz Inc
[{"type":"text","content":"Shoal Games Completes Acquisition of Kidoz Ltd.Shoal Games'Rooplay OTT System and the Kidoz Network will Reach 50 Million Kids a Month with a Premium Subscription System Offering ANGUILLA, BWI / ACCESSWIRE / March 4, 2019 / Shoal Games Ltd. (TSXV: SGW) (\"Shoal Games\" or the \"Company\"), mobile software developer, owner of the Rooplay edu-games platform (www.rooplay.com) and publisher of the Rooplay Originals games library, has successfully completed its acquisition of all of the issued and outstanding shares of Kidoz Ltd. (\"Kidoz\"), the Israel-based industry-leader in the global kids' content distribution and monetization marketplace (the \"Acquisition\"), as previously announced in the Company's news release dated December 28, 2018.The Acquisition enables the global reach of Kidoz's content network to be efficiently combined with Shoal Games' Rooplay subscription OTT platform, to create a unique player in the high growth digital kids market. The combined company is positioned to grow through exclusive ownership of content which the Kidoz network will make accessible to tens of millions of kids each month, utilizing a proprietary OTT subscription platform and a kid-safe monetization platform to attract top kids advertisers.Highlights of the Transaction Industry-leading market position: The combined company will provide a unique Kid Safe platform for digital content distribution and monetization that reaches over 50 million children and parents worldwide every month. Established digital edu-game product strategy: Combining the companies will significantly enhance the cost-effectiveness and reach of Shoal Games' distribution strategies for its consumer-focused EdTech games platform, Rooplay. Expanded commercialization of \"Rooplay Originals\" games library: Shoal Games extensive games library of curated COPPA-compliant games can now be commercialized using Kidoz sponsored promotions with top kids brands like Hasbro, LEGO, Disney, Viacom, Crayola and many others. Distribution of Rooplay over the Kidoz content discovery network: Leveraging Kidoz's distribution capabilities will enable the combined company to bring unique, child safe games to the worldwide market through the thousands of popular kids apps that use the Kidoz Network. Accretive economics on both trailing and forward metrics: Kidoz has lean operations that are high...