FilmOn.com to list in Frankfurt
August 15, 2011
By Colin Mann
FilmOn.com PLC, the Internet-based high-definition television service, has topped the European App Store Charts with its FilmOn Apple App for iPhone and iPad on the same day it announced it has listed its UK/European based Live Internet Television Service on the Frankfurt Stock Exchange with the trading symbol FMX.
“Most of the Channels on the FilmOn iPhone App are free to Consumers,” said FilmOn Founder and CEO Alki David. “We are very encouraged to see such a great reception to our Apple service,“ who claimed the encoding quality and distribution of its streams was “second to none” .
FilmOn delivers high-quality Television on a subscription basis to all IP-enabled devices including mobiles, tablets, computers, set-top boxes and televisions. It operates its proprietary delivery platform through FilmOn Datacenters in London, Amsterdam, Geneva, New York and Los Angeles.
FilmOn currently has deals with over 120 content partners and channels including Paramount, Associated Press, Bloomberg and having launched over 120 subscription and pay-per-view channels focusing on Sports, News and Entertainment.
FilmOn Global delisted its German offering in 2009 and has returned to the market almost two years to the day, offering its European Division with an initial market capitalisation of €43 million. Top tier Frankfurt market maker 886AG is handling FilmOn.com PLC stock.
FilmOn Founder and CEO Alki David said that FilmOn PLC was happy to buy back the shares sold in the 2009 listing from any investor, with 10 per cent interest paid on the price they bought stock at.