Executive Summary February 2013

Transcription

1 Page 1 WhereverTV Executive Summary February 2013 WhereverTV Broadcasting Corporation (TVTV) Executive Summary February 2013

2 Our Vision To provide customers with low-cost subscription television services and a portable television platform that allows them to take and watch their favorite live channels wherever they are in the world. Page 2 WhereverTV Executive Summary February 2013

3 The Problem Most people dislike/hate their cable TV provider The 20 Most Hated Companies in the USA #3 Time Warner Cable Usage caps, fees increasing faster than inflation & bad services #4 Comcast Poor communication of upgrade and billing changes, lost channels & price hikes #5 Charter Communications Improper billing practices #17 Cox Communications Unexpected extra fees including up to $480 to cancel service #18 DISH Network Incorrect billing and bad customer service Ratings provided by ACSI. There are few alternative choices when selecting a new cable provider Page 3 WhereverTV Executive Summary February 2013

4 The Opportunity Emergence of over the top (OTT) and Connected TV platforms, ability to bypass existing cable walled gardens Source: Quarterly TV Design and Features Report OTT Revenue growth is just beginning crossing the $4 billion dollar mark in Source: Business Insider, The Future of Digital (November 2012) Page 4 WhereverTV Executive Summary February 2013

5 The Opportunity Changing Consumer Viewing Habits - More people moving to over the top solutions 12% of US subscribers expect to shift to OTT services by 2015 Source: SNL Financial, LLC 600% projected revenue growth for new video services over the next decade, nearing $60 billion globally by Source: idate, FutureTV 2020 (July 2011) Page 5 WhereverTV Executive Summary February 2013

6 The WhereverTV Platform Be efficient and competitive versus the big boys Low cost operations versus incumbent cable and satellite companies - Less infrastructure, no set top box inventory to install and maintain Broadcast beyond borders Existing broadcast relationships are typically geographic in nature due to infrastructure limitations (i.e. cable to homes or satellite coverage areas) Deliver to niche-audiences globally Underserved foreign populations throughout the USA and the rest of the world, most notably in Western Europe and South America Leverage open hardware and platforms The emergence of OTT and Connected TV platforms eliminate the need to maintain costly set-top boxes i.e. Roku, AppleTV, Google TV, etc. Page 6 WhereverTV Executive Summary February 2013

7 Why People are Subscribing to WhereverTV Content Availability Many cable companies will not carry niche-foreign programming due to headend limitations Price Lower priced package and a la carte subscriptions not offered by cable companies Portability Can watch at home, work, on the go, etc. Set top box can be easily set up in hotels or vacation home Flexibility No contract required - No 12 or 24 month commitment - No termination fees - No installation fees - No credit checks Page 7 WhereverTV Executive Summary February 2013

8 US TV Channels First OTT US cable subscription service in the market Low-cost cable alternative for cord cutters, cost-cutters and ethnic customers Average monthly US cable bill is $86.00 and rising 5-7% per year US economy headed into double-dip recession. Consumers looking for ways to reduce monthly expenses. WhereverTV to offer 100 video and audio channels for under $30/month. Launch 2Q2013 Page 8 WhereverTV Executive Summary February 2013

9 Arabic TV Channels Partnered with a leading Arabic channel for content and advertising (partner currently has 130,000+ subscribers on Time Warner Cable) Sizable Arab population: North America (4MM) & Latin America (25MM) Fastest growing ethnic group in the Americas. 27 channels for $18.99 per month Launching expanded service in March 2013 Page 9 WhereverTV Executive Summary February 2013

10 Greek TV Channels Partnered with Greek Orthodox Churches across USA Exclusive broadcast rights to GOTelecomTV, the first 24/7 Greek Orthodox TV channel in the USA 1,500,000 members in Greek Orthodox Archdiocese of America Advertising in Greek publications (Diakonia, Hellenic Times, Orthodox Observer, Hellenic Voice, Greek American Magazine), sponsorship of Greek festivals, and other grassroots marketing campaigns Page 10 WhereverTV Executive Summary February 2013

11 Supported Devices 100MM units sold Launched August MM units sold 4MM units sold 8MM units sold 2MM units sold 1MM units sold 250k units sold 290MM units sold Page 11 WhereverTV Executive Summary February 2013

12 Management Team Mark Cavicchia CEO Founder 20+ years developing new products Wrote Global IPG patent and developed WhereverTV product roadmap Thomas Seifert Controller 13 years public company experience Former Sanswire (SNSR) & GlobalNet Corporation (GLBT) Michael Dutcher SVP, Programming & Content Development More than 12 years licensing IPTV agreements from all major US networks Gamil Tawfik Director, Arabic Entertainment Services Founder of the Arabic Channel, the first 24/7 US-based Arabic TV channel Kashif Mueen CTO Developed media applications for Viacom, MTV, Lifetime and Turner Page 12 WhereverTV Executive Summary February 2013

13 Current Status Platform developed Roku, Boxee and GoogleTV applications launched IPhone/iPad app March 2013 launch Primary source of revenues is subscription television services delivered via the public internet onto Connected TVs and Internet Set Top Boxes Obtaining commercial rights to earn additional income from 1-2 minutes of advertising per hour per channel as new revenue source Numerous content licensing agreements signed with partners in USA, Greece and Middle East 140,000 Users in 181 countries Page 13 WhereverTV Executive Summary February 2013

14 Recent Industry Transactions Sling Media Acquired in Sept 2007 by EchoStar for $380MM with ~500,000 units sold Hulu Recent valuation of $2 billion with ~ 1 million subscribers ($2,000 per subscriber) Bresnan Acquired 6/10 by Cablevision for 300,000 subscribers ($4,667 per subscriber) NPG Cable Acquired 11/10 by Suddenlink for 83,000 subscribers ($4,216 per subscriber) Page 14 WhereverTV Executive Summary February 2013

15 Investment Points Ground floor opportunity - Currently, there is no US cable service providing an OTT US service OTT services have a huge growth potential similar to satellite TV services (now are 30% of the cable TV market) DISH is the early adopter amongst incumbents to introduce over the top live television subscription services via ROKU ( Dish World ) Cable company acquisitions have recently been priced between $4-5,000 per subscriber Page 15 WhereverTV Executive Summary February 2013

16 In Summary Platform has been developed / content has been acquired raising funds to fuel customer acquisition Timing: OTT television services are moving from early adopters to mainstream technology still a very fragmented market Aggregation of captive, niche-focused audiences easier to obtain through acquisition Valuation based on # of premium subscribers of $2,000-3,000 per subscriber (based on discount from current cable television acquisitions of $4-5,000 per subscriber) Target is 30k+ paying subscribers by end of 2013 ($60-90M valuation) Page 16 WhereverTV Executive Summary February 2013

17 For more information: Mark Cavicchia CEO OTC: TVTV