YOLO takes 5.1% stake in Simplestream

Leisure and technology sector investor YOLO Leisure and Technology has paid £550,000 for a 5.1 per cent stake in live streaming and live-to-video on demand services provider Simplestream.

“Live video streaming is the fastest growing element of over-the-top services, and targets the increasing trend to watch broadcast and video on demand programming on devices other than the traditional TV set. Live video streaming is also an ‘on-ramp’ for VoD viewing, accelerating OTT growth. The company now delivers services across Europe and North America with further international expansion planned for 2015,” YOLO said.

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