Posted on April 11th 2011 by wildtangent
Today we have some exciting news to share with you.
The world’s largest live web-based TV news platform
It was 1970 when Gil Scott-Heron wrote his famous song “The revolution will not be televised”. How times have changed. The historic developments in the Middle East have catapulted Livestation into the world’s largest online live-TV platform.
Traffic in March reached an astonishing growth of 1,047% compared to six months earlier and our audience is now a staggering 10 million viewers per month.
Increasingly live news broadcasters turn to Livestation to achieve reach across a fragmented digital media landscape. Our latest partner which we welcomed today is Libya’s first independent satellite channel, Libya TV.
Why is Livestation successful?
We did not invest in marketing or PR so how did we reach this phenomenal growth? The simple answer: access.
People without cable access to their preferred news channel nowadays expect to find it online – and they naturally find their way to Livestation. Case in point: BBC World News and Al Jazeera English, who have been notoriously struggling to get carriage in North America purely for commercial reasons, are two of the most viewed channels on Livestation.
Our mobile traffic has also exploded (over 15 million viewing sessions in March). During peak media events like the Jasmine revolution or the tragic developments in Japan people are eager to follow the story throughout the day which explains why our iPhone apps alone generate more mobile video traffic than many major newspapers combined.
We are thrilled to announce that Livestation has just closed its first profitable quarter and we believe 2011 is going to be a tremendous year for us.
To help us manage our momentum and drive our strategy we have appointed a new CEO, Lippe Oosterhof, brings over 15 years of digital business development experience in high growth ventures, most recently in Breakingviews (acquired by Reuters) and Brainient (online video technology).
Matteo Berlucchi, the founder and former CEO, remains on the board alongside our Chairman, Philip Rowley.
Please join us in wishing Livestation and Lippe lots of success. If you have any questions or suggestions please contact Lippe at firstname.lastname@example.org.