TV2 0.00% 0.8¢ tv2u international limited

The truth finally comes out about Brazil... "The Company was...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 58 Posts.
    lightbulb Created with Sketch. 19
    The truth finally comes out about Brazil...

    "The Company was offered, through its owner, Mr Newton Suzuki a company named “Slim Pack”. A
    newly commenced business which had promises of providing content to TV2U and its partners through
    Mr Suzuki’s contacts in the content and media Industry (Band Tv2). The focus here was to be able to
    provide an in-house content acquisition business with TV2U and Slimpack combining strategies and
    strengths to become a one-stop-shop for OTT and content. Both companies agreed to sign a Letter of
    Intent subject to a full due diligence by both parties on the respective companies. After completion of
    due diligence, it was mutually agreed not to continue discussions.

    During this time, one of our partners in the region, CCSTV a cable operator, transmitted services from a
    premium content owner over our OTT platform, which they were not licensed to do. As such, TV2U took
    immediate action to shut down all services until regulatory advice could be sought and rectified allowing
    full transmission of services once again. This process has been long and complicated however the
    Company is confident that the appropriate licensing and regulatory controls are now in place to ensure
    full compliance with industry standards and local broadcasting authorities."
 
watchlist Created with Sketch. Add TV2 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.