AMG Services and Movie Favorites Announce OTT Video Service for On Demand Movies - WLOX.com - The News for South Mississippi

AMG Services and Movie Favorites Announce OTT Video Service for On Demand Movies

Posted: Updated:

AMG Services and Movie Favorites team up to create a mobile virtual network that will bring HD movies to mobiles and tablets. The network will mimic Netflix, but will be focused on mobiles.

Philadelphia, PA – June 15, 2014 /MarketersMedia/ –

The last few years have witnessed an explosive growth in the numbers and types of “over the top” or OTT content providers. Skype, WhatsApp, NetFlix, Viber, Hulu, and IPTV are some of the examples of OTT services being offered today. Sensing the opportunity, AMG Services and entertainment website Movie Favorites have announced plans to enter the lucrative OTT market.

“On-demand video and OTT are poised for some jaw-dropping growth. Streaming OTT videos are projected to surpass DVD consumption by 2016. The associated advertising revenues are also going to go through the roof. It’s not an opportunity we’d want to miss,” Jack Somerset, AMG Services’ Chief Technical Officer says.

Over-the-top content is distributed over the Internet in the form of data packages that mobile operators have little control over. OTT voice, video and text services are usually offered free-of-cost to the consumers, which makes these services much more popular than those offered by mobile service providers.

Talking about the details of the joint venture, Movie Favorites’ CEO Martha Steinbeck revealed that the new service will focus specifically on mobile. “In 2013, the US Mobile Internet advertising revenue jumped to more than $7 billion, achieving 110% growth in just one year. There’s no reason to think that the growth is going to dampen anytime soon,” she said.

AMG Services is already negotiating with OTT hardware manufacturers for procuring the equipment required to set up a Mobile Virtual Network (MVN). “We are not ruling out the option of partnering with an existing MVN operator or a Telco for the venture,” AMG’s Jack Somerset said.

AMG Services will handle the technology side of the new video network, while Movie Favorites will take care of the media side. The new OTT video service is expected to be available in the US early next year.

By Carlos Fields

About Movie Favorites

Movie Favorites is a blog about evergreen movies that still inspire viewers around the world. Featuring reviews, previews, dialogues, plots, and celebrity information, the blog is visited by fans that need a refreshing dose of nostalgia.

For more information about us, please visit http://moviefavorites.org/

Contact Info:
Name: Carlos Fields
Email: admin@moviefavorites.org
Organization: Movie Favorites

Source: http://marketersmedia.com/amg-services-and-movie-favorites-announce-ott-video-service-for-on-demand-movies/51545

ReleaseID: 51545

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fight leads to gunshots and mayhem in Stone County

    Fight leads to gunshots and mayhem in Stone County

    Wednesday, July 30 2014 6:53 AM EDT2014-07-30 10:53:06 GMT
    Stone County Deputy Chief Phyllis Olds described a Saturday night fight this way, "It's by the grace of God that nobody was killed." That fight reportedly started at an outdoor block party.More >>
    Stone County Deputy Chief Phyllis Olds described a Saturday night fight this way, "It's by the grace of God that nobody was killed." That fight reportedly started at an outdoor block party. Deputies said it escalated into a gun battle near the Cadillac Club on Thelma Andrews Road.More >>
  • Prostitution sting results in 12 arrests

    Prostitution sting results in 12 arrests

    Friday, July 25 2014 3:19 PM EDT2014-07-25 19:19:10 GMT
    (WMC) – A prostitution sting was conducted at a Southaven hotel Thursday. As a result, the following 12 people were arrested: Preston K. Mitchell, 52, Memphis, Tenn., charged with procuring prostitutionMore >>
    A prostitution sting was conducted at a Southaven hotel Thursday. Twelve people were arrested.More >>
  • You saw his photo, and like that, police nab an alleged burglar

    You saw his photo, and like that, police nab an alleged burglar

    Wednesday, July 30 2014 6:53 AM EDT2014-07-30 10:53:07 GMT
    A surveillance picture shown on WLOX News and WLOX.com Monday night, and surveillance video posted on Facebook by a car burglary victim helped D'Iberville Police find an alleged burglar.More >>
    A surveillance picture shown on WLOX News and WLOX.com Monday night, and surveillance video posted on Facebook by a car burglary victim helped D'Iberville Police find an alleged burglar. A day after airing that photo, and reading Facebook posts, police realized their suspect was in Jackson County. With the help of Jackson County deputies, they arrested John Edward Dennis on a charge of burglary of an automobile.
    More >>
Powered by WorldNow

208 DeBuys Road
Biloxi, MS 39531
(228) 896-1313

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WLOX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.