Light Media Acquires Ownership Stake In Streaming Media Technologies
April 3, 2017 - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today that it has acquired a minority ownership interest in Streaming Media Technologies powered by LaLaBox.TV. Financial terms of the transaction are undisclosed. Additionally, Light Media has acquired digital domain: StreamingMinistry.com, increasing the company's top-level digital domains to 118 with the vision of creating a platform for ministries to uninhibitedly stream video and audio content 24/7 as a part of a global network. For more information, please visit: www.LightMediaNetwork.com.
Streaming Media Industry Forecast:
Technavio's analysts forecast the global streaming media device market to grow at a CAGR of 6.02% over the period 2014-2019. The Streaming Media Device Landscape report estimates that 86 million streaming media devices will be sold globally by 2019 or an estimated $10 billion in sales per InvestmentU.
"By the end of 2018, 231 million installed devices are expected to be connected to the Internet and able to deliver apps to TVs, representing 82 percent growth from 2014 to 2018, according to the Connected Home Entertainment Forecast report from global information company The NPD Group. The two largest drivers of growth will be the increased acceptance of connected televisions in the homes of U.S. consumers, as well as the continued adoption of streaming media players such as those offered by Google, Apple, Roku, and Amazon,â? said John Buffone, Executive Director, Industry Analyst, Connected Intelligence, The NPD Group.
About Light Media: Light Media (OTC Markets: LGMH), Inspirational Media Specialist, markets, produces and distributes inspirational music, video, video games, print media and entertainment in the Inspirational Media space through its network of radio, Internet, television, print and special events global business platforms and marketing and alliance partners, as well as manages a proprietary digital advertising network and maintains an ownership interest in Streaming Media Technologies. Light Media has also been recognized as the 20th publicly-traded radio/media conglomerate on the RBR-TVBR Media Index. For more information, please visit: www.LGMH.com; www.LightMediaHoldings.com; or www.InvaluableMedia.com.
About LaLaBox.TV: LaLaBox.TV specializes in providing Streaming Media Technologies. For more information, please visit: www.LaLaBox.TV.