Free streamer Xumo TV grew revenue 300% in the past year, and the company says it’s aiming to be in 80% of homes in a year
|04/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Xumo TV, a free, ad-supported streaming service, has grown revenue more than 300% in the past year.
- Most of the growth came from new deals with industry partners like Comcast and T-Mobile, Xumo CEO Colin Petrie-Norris told Business Insider.
- The company is a potential acquisition target and is in discussions with various companies.
- Visit Business Insider’s homepage for more stories.
As traditional MVPDs, cable, and broadcast companies face pressure to innovate through OTT services to keep up with changing viewing habits, ad-supported video on demand streaming services, like Xumo TV, are reaping the benefit.
AVODs that are privately owned don’t share many of read more >>>