247MGI now owns a full service studio capable of Broadcast high resolution via the Internet. The Internet Broadcast services will include streaming high-resolution quality Video and Digital Audio over the web through its own proprietary hybrid player application and with the assistance of PurFusion it will utilize up to 98% less bandwidth during broadcasts then competitors currently use today.
Avalon is being acquired as a wholly owned subsidiary of which 247MGI shall retain 60% ownership of the new company with Avalon and Norman Farrar owning the remaining 40%. Over the next few weeks the first deployment of the Avalon program will be available which will focus on the pay-per-view high definition streaming media services that include sports and entertainment events, films and IPTV specialty content and deliver a better solution for distance learning institutions. Our clients host their own live or pre-recorded content using our licensed streaming technology and the player will reduce bandwidth by 50% - 98% depending on the demographics.