TMCnet News

Motive Television Upbeat Despite Wider Interim Loss
[September 24, 2014]

Motive Television Upbeat Despite Wider Interim Loss


(Alliance News Via Acquire Media NewsEdge) LONDON (Alliance News) - Motive Television Wednesday said its losses widened in the first half, as it continued to invest in and develop its tablet television product.

The supplier of software and solutions to broadcasters posted a pretax loss of GBP1.6 million for the six months to June 30, compared with a GBP1.2 million loss a year earlier, even though revenue crept up to GBP577,740 from GBP573,082.

Motive said its losses were affected by increased finance costs which rose to GBP611,782 from GBP415,031 a year earlier, as it continued to develop new business and advance its tablet TV in the US and UK. The company hopes to launch the tablet by Christmas.



During the period, the company joined the Hybrid Broadcast Broadband TV Consortium with the aim of making its Content Express technology a component of the industry standard and to extend the delivery of video-on-demand content over the broadcast.

The consortium was formed in order to standardise the way in which broadcast and broadband television services are delivered, including televisions and set-top boxes. It aims to provide a neutral technology platform for the industry.


HbbTV's standard is already deployed in various European countries, and Motive said that a large majority of connected TV sets sold in Western Europe implement the HbbTV standard. Motive said that the HbbTV standard is gaining support in the America's and Asia, and future deployments are planned in Europe, Australia, Malaysia and Vietnam.

Motive Television launched its new Content Express platform, which includes video services for digital terrestrial broadcasters in January.

Additionally, the digital television technology provider signed a contract with Greek company Twin Peak SA to develop and integrate Motive's patented and proprietary technology with Twin Peak's video on demand services for deployment in the global Maritime industry and for the nation of Greece.

"Motive Television was transformed from a development company to a product company by the end of the first half, and our focus is now on growing the market for our patented products Content Express and Tablet TV," Chairman Michael Pilsworth said in a statement.

"With Tablet TV about to launch in both the UK and the US, the company is now very well-positioned to start to reap the benefits of its heavy investment programme over the past few years," he added.

Motive Television shares were quoted up 0.6% at 0.0161 pence Wednesday morning.

Copyright 2014 Alliance News Limited. All Rights Reserved.

[ Back To TMCnet.com's Homepage ]