Destiny Media Tech Inc (DSNY)

[Phil2010]

From 10Q quarterly Report 01/16/2018

Clipstream®

The Company also has a legacy business, Clipstream®, in the online video industry for which it is pursuing strategic alternatives. The Clipstream® Online Video Platform (OVP) is a self-service system, for encoding, hosting and reporting on video playback which can be embedded in third party websites or emails. Playback is currently through the Company’s proprietary JavaScript codec engine, which is only available on the internet through the Company. The unique software based approach to rendering video, is protected by over two dozen patents claiming initial priority to 2011 [ NTD: Does this need to be updated? ]. This product is marketed in a limited way and has incidental revenues.

In November 2017, after completing a detailed review of the resources required to progress Clipstream® further, the Company transitioned the product to maintenance only and stopped development of new major features. Business development will focus on identifying strategic alternatives for the product, business, and intellectual property outside the Company.

https://ih.advfn.com/p.php?pid=nmona&article=76484584