The QYou completes financing deal5 April 2017
The QYou has announced it’s secured a $7.3 million financing deal and will now be listed on the Canadian TSX Venture Exchange.
The QYou focuses on the curation and programming of short-form video content for the TV Everywhere age, delivering linear and on-demand TV channels, mobile apps, custom shows, and influencer marketing to pay-TV operators and subscription video service providers.
“Online video has become a global phenomenon that shows no signs of slowing,” said the company in a statement.
“Consumers in the US now spend more than 1 billion hours a day watching YouTube. This almost matches TV viewing, which accounts for 1.25 billion hours of TV watched and recorded each day in the US (Nielsen). And YouTube is only the tip of the iceberg, with a whole range of online video platforms attracting millions of global viewers such as Vimeo, Daily Motion, Twitch, Snapchat, and Facebook. With around 500 hours of video uploaded to YouTube each minute, viewers are facing content overload and there is a growing need for an aggregator to curate the most exciting and interesting videos from the internet.”
The QYou continues to drive its best-of-web content globally through deals with Knippr, a new OTT service in the Netherlands, TotalPlay in Latin America, Tata Sky in India, Swift Networks in Australia, and China Entertainment Group.