Mobile Streams to launch LiveScores service in Brazil
confirmed to investors that it intends to launch its LiveScores service into the Brazilian market in early November 2021 in partnership with Quanta Media Group.
The Company said income is anticipated to be generated through affiliate revenue share with Quanta, a process which will occur when a lead generated from the Group’s LiveScores service is sold to another organisation who will then market the service or product to the lead.
Mobile Streams explained to investors that the affiliate revenue share generated will then be paid into the Company’s UK account and therefore will not incur any currency related risks.
As with the Company's recent successful launches in the Mexican and Argentinean markets, the LiveScores service will utilise Quanta content as well as the Streams delivery platform.
Mobile Streams said this next territory launch represents another step in the Company's development, and we are currently in advanced discussions regarding further launches.
Andrew Deeks, CEO of QMG, said: "Following on from successful Mexican and Argentinean launches we are delighted to be partnering with MOS again to launch in Brazil which has a huge addressable audience. We see this as a significant revenue opportunity. Additionally, we are also looking to launch additional services with Mobile Streams in other territories soon."
Commenting on the launch, Nigel Burton, Mobile Streams' Non-Executive Director said: “The combination of our Streams delivery platform and the Quanta content is already delivering great results in Mexico and Argentina, and we look forward to continuing this in Brazil."
MOS price chartLast month, Mobile Streams said its LiveScores service in Mexico had again exceeded its internal target with September’s subscriber numbers coming in 251% above its initial target.
The Company reported at the start of September that LiveScores had exceeded its August subscriber target by 250% with over 3,500 subscribers having signed up during the month.
The mobile content and data intelligence company launched its LiveScores football 365 service in Mexico at the start of August in partnership with Quanta Media Group (“QMG”).
Based on the number of subscribers in August, the Company has estimated that this service in Mexico alone should generate at least $1.5 million over 3 years in additional revenue.
Following on from its Mexican and Argentinian launches the Company said it is in ‘advanced discussions’ regarding launching this service in additional markets over the coming months
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