Business
Clikia TV Launch Fills Void Left by Demise of XTV on Roku
Clikia TV Launch Fills Void Left by Demise of XTV on Roku.
About this update from Maison Luxe Inc.
[{"type":"text","content":"\n \n \n Clikia TV Launch Fills Void Left by Demise of XTV on Roku\n \n \nClikia TV Launch Fills Void Left by Demise of XTV on Roku\n \n BATON ROUGE, LA--(Marketwired - Oct 24, 2017) - Clikia Corp. (OTC PINK: CLKA), provider of Clikia TV, a streaming (over-the-top, OTT) cable television subscription service, today offered its analysis of the demise of XTV, a \"pirated\" streaming cable television App formerly available on Roku.\n According to the recent TiVo Q2 2017 Video Trends Report, consumers who have cut-the-cord have done so for the following top three reasons:\n \n \n \"Price/Too expensive\" -- 85.3%\n \n\"I use an internet streaming service, such as Netflix, Hulu, Amazon Video, etc.\" -- 45.7%\n \n\"I use an antenna to get the basic channels on my TV.\" -- 21.8%\n \n \n Popularity of Now-Defunct XTV's \"Pirated\" Streaming Cable Channels Bodes Well for Clikia TV Subscriber Acquisition. David Loflin, CLKA's CEO, commented, \"We see the demise of XTV being extremely pertinent to us: first, the take down of XTV reflects a growing, and proper, effort by content owners to protect their properties from illegitimate distribution; and, more importantly, the ratification of Clikia TV's streaming cable television subscription service as a timely and potent entrant into the rapidly expanding OTT industry -- it just seems as if Americans are 'piling on' the cord-cutting movement, and for good reason.\"\n Mr. Loflin continued, \"While XTV was very popular for delivering 'pirated' streaming cable channels, enthusiasts of XTV and other similar apps have indicated repeatedly that they would just as soon pay for 'legitimate' streaming cable TV, like Clikia TV, at a fair price.\"\n Industry Data Supports CLKA Optimism. 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 Clikia TV. 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 ren...