Rightster RSS http://corp.rightster.com 1 1 1 1 1 1 1 1 1 1 Rightster Group plc - Announces H1 Trading Update http://corp.rightster.com/investors-news/728/Rightster_Group_plc___Announces_H1_Trading_Update 2015-07-28 Rightster Group plc
(“Rightster”, the “Group”, or the “Company”)

 

Trading Update

 

 

Rightster Group plc (LSE AIM: RSTR), the digital video distribution and monetisation network, today provides an update on trading during the first six months of its financial year to 30 June 2015, together with a business update.

 

The Company continues to show strong growth across the business with unaudited Net Revenue in H1 2015 reaching approximately £7.0m, an increase of 268% from H1 2014. Management have identified further cost savings in the form of additional headcount reductions and an earlier closure of the Company’s technology office in Bangalore. This takes the Company’s annualised cost savings from £3m (as announced in February) to an estimated £5m.

 

Online video traffic has shown encouraging growth during the period, with average monthly video views for H1 2015 totalling 1.6bn, an uplift of 331% from H1 2014. By the end of June, the Company’s total subscribers reached 85 million, up 41% since December, 2014.

 

Rightster has secured some high-profile deals throughout the period, including a content partnership with Spotify, international brand deals with Proctor & Gamble and a partnership with Universal Pictures International which utilised the Company’s network on YouTube, Instagram, Facebook and Snapchat. The Company has also launched “Canvas”, a multi-channel network (MCN) for the arts this month with 14 partners so far, including Sadler’s Wells and Southbank Centre. “Canvas” (www.youtube.com/CanvasArts) is the first project to be rolled out as part of the £1.8m Arts Council relationship announced in September 2014.

 

Additionally, growth in Asia Pacific has been strong for the Company in H1 2015, with deals being secured with brands such as Heineken and GlaxoSmithKline, as well as the leading publisher, Pedestrian TV.

 

The Company is also pleased to announce the appointment of Shiv Bhaduri as Chief Product Officer. Shiv brings over 15 years’ experience in product leadership roles across the digital and financial industries including GM of Media WEVE, and director of Products and Innovation at AOL.


Patrick Walker, CEO of Rightster, commented:I am delighted with the significant progress the Company has made in the past six months. The management team has been able to demonstrate the strategic rationale behind the acquisitions last year through both substantial cost synergies and exploiting the revenue opportunities.”

 

Base79 Earn-out

 

As reported previously, the deferred element of consideration payable for the acquisition of Base79 is due to be paid in H2 2015.  As a result of certain earn-out conditions being satisfied, the Company has agreed to a total consideration of £24.3m.  The first portion of this consideration of £20.7m will be settled by way of an issue of new ordinary shares by the Company to the vendors on or around 4 August 2015.  The remainder of £3.6m (net of certain required deductions for PAYE income tax and National Insurance Contributions) will be settled in Q4 2014 by a further issue of new ordinary shares by the Company.  The price at which new ordinary shares will be issued to satisfy the earn-out will be a price per ordinary share equal to the average closing mid-price for ordinary shares (as shown in the Daily Official List of the London Stock Exchange) for the five trading days prior to the date of payment of the first portion of the earn-out.  All former Base79 shareholders who are issued new ordinary shares to satisfy the earn-out will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) during the period from the date of issue of such shares until 12 November 2015.  Any sale of earn-out ordinary shares between 12 November 2015 and 1 June 2016 will be subject to an orderly market arrangement and may only be made with the consent of Cenkos, the Company’s NOMAD (subject to customary carve-outs). 

 

Except for MMC, TCG and Media Partners Base79 Holdings LLC, the former shareholders of Base79 who are entitled to receive the earn-out are acting in concert for the purposes of the Takeover Code.

 

 

ENDS

 

 

For further information visit www.rightster.com or please contact: 

 

Rightster Group plc

via Newgate

Patrick Walker, CEO, Niall Dore, CFO

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad) / Julian Morse (Sales)

 

 

 

Newgate

Tel: 020 7653 9850

Tim Thompson/Robyn McConnachie/Lois Engstrand

 

 

 

About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

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Rightster launches its latest community, Canvas, an online destination dedicated to the arts http://corp.rightster.comhttp://bit.ly/1DLbWr2 2015-07-24 Rightster, the global multi-platform network for digital video, today unveils a new online destination, Canvas, to unlock the true potential of digital video content for the arts. Canvas brings together artists and arts organisations to showcase their work to ‘Millennials’, in a format and tone that engages with this younger audience.

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Rightster launches its latest community, Canvas, an online destination dedicated to the arts http://corp.rightster.com/news/727/Rightster_launches_its_latest_community__Canvas__an_online__destination_dedicated_to_the_arts 2015-07-24 Launch partners include Southbank Centre and Sadler’s Wells


24.07.15 Rightster, the global multi-platform network for digital video, today unveils a new online destination, Canvas, to unlock the true potential of digital video content for the arts. Canvas brings together artists and arts organisations to showcase their work to ‘Millennials’, in a format and tone that engages with this younger audience.

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Here’s How People Make Money From Viral Videos http://corp.rightster.comhttp://time.com/3956080/viral-videos-money/ 2015-07-14 Sure, your kitten is cute. But can he help pay the rent? Andy Warhol famously introduced the idea that someday everyone would be world famous for 15 minutes. But if the pop artist had lived long enough to watch some web videos, you have to think he’d change his timeframe to 15 seconds. That’s because everyone from pet owners to parents are looking to cash in viral videos these days.

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Do the Rightster thing http://corp.rightster.comhttp://www.c21media.net/screenings/c21tv/do-the-rightster-thing 2015-07-13 THE C21 INTERVIEW: Patrick Walker, CEO of UK-based multichannel network Rightster, tells C21TV how the company has evolved since buying out fellow MCN Base79 and social video specialist Viral Spiral.

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One to watch: Meet Rightster, the tech company that's worked with the biggest YouTube stars http://corp.rightster.comhttp://www.londonlovesbusiness.com/10627.article 2015-07-07 Rightster simplifies the distribution and monetisation of online video bringing together content owners, creators, brands and publishers, helping them build and engage audiences online.

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Rightster Is Very Positive About The APAC Market http://corp.rightster.comhttp://www.radioandmusic.com/biz/mobile-digital/platforms/rightster-very-positive-about-apac-market-150702 2015-07-02 Cloud-based video distribution services company, Rightster Group, recently announced that it has entered into two different deals with consumer goods group- Procter & Gamble Co. In the past, Rightster has partnered with Vicks India and P&G France. Recently, the company also partnered with Spotify to provide the music service’s users with short- form video content and signed a deal with Universal Studios to promote the 'Minions' film.

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Universal Pictures International partners with Rightster to launch global influencer campaign to promote Minions movie http://corp.rightster.comhttp://bit.ly/1KvzYMs 2015-07-02 Rightster, the leading global multi-platform network for online video, has launched an innovative social influencer campaign across multiple territories in APAC, South America and Europe in partnership with Universal Pictures International. The campaign challenges popular Instagram, Snapchat and Vine influencers to showcase their creativity and produce Minions-themed content to promote the forthcoming theatrical release of the film. The social posts will be amplified organically across the influencers’ own social networks.

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Rightster Group plc - Universal Pictures International partners with Rightster http://corp.rightster.com/investors-news/719/Rightster_Group_plc___Universal_Pictures_International_partners_with_Rightster 2015-07-01 Rightster Group PLC

("Rightster" or the “Company”)

 

Universal Pictures International partners with Rightster

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Universal Pictures International partners with Rightster to launch global influencer campaign to promote Minions movie http://corp.rightster.com/news/720/Universal_Pictures_International_partners_with_Rightster_to_launch_global_influencer_campaign_to_promote_Minions_movie 2015-07-01 01.07.15 Rightster, the leading global multi-platform network for online video, has launched an innovative social influencer campaign across multiple territories in APAC, South America and Europe in partnership with Universal Pictures International. The campaign challenges popular Instagram, Snapchat and Vine influencers to showcase their creativity and produce Minions-themed content to promote the forthcoming theatrical release of the film. The social posts will be amplified organically across the influencers’ own social networks.   

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