Proactive Investors - Run By Investors For Investors

Milestone JV launches digital content platform

Milestone Group, the media and tech group, said its joint venture Nexstar had launched it digital delivery platform - Backstage HD.
Milestone JV launches digital content platform
Milestone chief Deborah White said it would create new revenues and raise the profile for Milestone and its Passion Project network

Milestone Group (LON:MSG), the media and tech group, said its joint venture Nexstar had launched it digital delivery platform - Backstage HD.

It allows users to access global digital content including movies, TV shows, eBooks, music, apps and games from a range of global partners and  Milestone chief Deborah White said it would create new revenues and raise the profile for Milestone and its Passion Project network.

Milestone has a 51% interest in Nexstar, which is the vehicle formed when it joint ventured with Black Cactus Holdings in July this year.

The new 51:49% venture is aimed at giving  Black Cactus a UK base and distribution partner, while Milestone obtains an enhanced  product offering and additional revenue growth opportunities.

Lawrence Cummins, managing director of Black Cactus told investors today: "We are thrilled to have reached this point in the development of our HD Platform and look forward to deploying it through Nexstar to help achieve the board's vision and to drive additional revenue for our partners and clients."

Milestone shares are unchanged at 0.40p.

View full MSG profile View Profile

Milestone Group PLC Timeline

Newswire
February 27 2017
Newswire
December 07 2016
Newswire
December 19 2014

Related Articles

Interviewees
August 07 2018
The offer values Nash at £98.7mln and DBAY already controls 26.1% of Harvey Nash shares
Stobart
May 31 2019
"Stobart Group has a clear focus on developing infrastructure assets in the aviation and energy sectors," chief executive Warwick Brady said.
Online payment
June 12 2019
The company's payment services specialise in card-not-present transactions, payments made without face-to-face contact or verification, usually online or via mobile

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use