FOTV acquires OVGuide23 May 2016
FOTV Media Networks has completed the acquisition of cross-platform solution provider OVGuide.
The service will integrate with the CinemaNow system – also acquired by FOTV this year – as the company looks to provide a ‘one-stop’ solution for online entertainment.
Founded in 2007, OVGuide provides 10,000 ad-supported free movies and television shows, as well as short form. The service also directs users to the service currently offering the desired content.
OVGuide also monetises a network of 19 movie and TV channels on Roku.
“With OVGuide, the FOTV ecosystem expands to offer everything the consumer could want,” said Alki David, FOTV CEO.
“We are very excited to be adding a great team, top-tier content, massive amounts of data, and more depth on our Roku, iOS and Android services. FOTV never stops making online video a better experience.”
Integration with the FOTV group of companies will expand OVGuide’s reach globally, introducing it to FOTV’s 70 million monthly users.
“We have known FOTV for a long time and were always impressed by the continued progression of their product offering in the constantly morphing world of IP delivered video,” added Sanjay Reddy, CEO of OVGuide.