With 6 subscription packages and over 140 channels in multiple languages from the U.S. and around the world, WhereverTV (OTC – TVTV) is a next generation subscription television service providing consumers with live and linear streaming, genre specific content delivered to anywhere in the world, and through any internet-enabled device. This lower cost alternative to traditional service providers delivers content through the Internet via WhereverTV’s innovative over the top (OTT) platform, with channel management controlled by the Company’s patented Interactive Program Guide (IPG) technology.
Investment research firm Goldman Small Cap Research believes that WhereverTV is poised to change the way consumers across the globe access and watch live television and video programming. The Company is leveraging the fast-growing OTT (over the top) platform approach and a unique, proprietary Global Interactive Program Guide to emerge as a leader in the Internet TV market.
Industry estimates suggest that the OTT market will grow from $28B in 2015 to $62B in 2020. Drivers include the migration of consumers away from traditional cable and satellite providers toward the access and viewing of video programming on multiple Internet-enabled devices.
Leveraging its patented and monetizable channel management technology, plus 140+ channels and 6 live-streaming genre specific niche and mainstream content packages, WhereverTV’s clever programming approach could lead to millions of paid subscribers.
Goldman Small Cap Research has a preliminary target price on TVTV that assumes a 200% rise from current levels, and that could prove to be conservative. By applying a major discount to OTT leader Netflix’s (NASDAQ – NFLX) valuation and utilizing a 1 million target subscriber target, the analyst derived a potential valuation that is could be substantially higher. This evaluation excludes the prospective value of the Company’s IPG in the form of patent infringement settlements or regular payments by cable and satellite operators, which could be ultimately worth tens of millions. Goldman also noted that WhereverTV could emerge as a takeover candidate, as an acquirer could own valuable IP and a loyal customer base with limited competition.
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