StockBrainiac.com: Tech Companies See a Jolt From Internet TV
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwire) -- 04/30/12 --
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Is Internet TV the future of television? Could it be the answer for tech companies looking for a jolt? Technology titans like Apple (www.apple.com), Netflix (www.netflix.com), and Google (www.google.com) can answer that question after seeing their stocks surge soon after entering the rapidly growing Internet TV market. Internet TV, the distribution of television content via the Internet, is growing at a rapid pace with Internet-enabled television orders expected to reach 143 million in just two years.
86% of all Internet consumers in the U.S. watch online videos. Actually, today alone, 108 million people will watch 1.3 billion videos. Yes, that was today alone, according to Comscore. These numbers are expected to grow exponentially over the next five years. Some are even predicting the Internet to be the down fall of Cable and Satellite TV packages. Mark Suster is comparing it to music albums vs. singles. People are paying for television that they don't watch. Television is a $350 billion market and consumers watch only a fraction of what they pay for. With Internet TV, consumers are given all the control. Consumers can build their own packages and pay for only what they watch. It may not be a week, a month, or even a year away, but it won't be long until Internet TV explodes affecting many other industries on its way to the top.
So, how can investors prepare for such a disruptive change? The answer could be technology companies entering the Internet TV space. Regency Resources, Inc. (OTCBB: RSRS) has recently signed a Letter of Intent to Merge with Digitally Distributed Acquisition Corp. (DDA). The business combination will target the distribution of content in the rapidly expanding internet broadcast TV market. Martin Greenwald, CEO of DDA and now CEO of Regency Resources, Inc. (OTCBB: RSRS) has been a pioneer in the media distribution sector for over 30 years and believes that a move to internet television is a perfect culmination of a career spent bringing media to a viewing public in the most advanced way possible.
DDA has developed exclusive technology over the past four years specifically designed to enhance the delivery of content through internet TV as well as through proprietary software protocols. This innovative technology is in the final stages of beta testing, which will insure delivery of content in a more efficient and dramatically less expensive manner than existing systems.
In preparation for entering the rapidly growing Internet TV industry, Regency Resources (OTCBB: RSRS) has appointed two seasoned veterans to their leadership team. First, Bruce Venezia has been appointed as Vice President of Content Acquisition. Mr. Venezia's career spans 30 years in the sourcing, negotiating and licensing of independent programming for the home entertainment market. His responsibilities will include working with content owners to solidify relationships, identify synergies and opportunities in order to ultimately unlock significant value from key video and media libraries.
Next, Joseph Q. Bretz has been appointed President and member of the Board for Regency Resources (OTCBB: RSRS). Mr. Bretz is a technology and entertainment entrepreneur and producer offering singular expertise in the development of TV and Internet initiatives through his involvement in numerous projects over a 15 year career in the industry. His history of introducing new technologies came to prominence in 2002 with the revolutionary direct-to-hard-disc production of the California Music Awards' 25th Anniversary show, which effectively introduced an alternative and effective post-production methodology. Bretz has continued to draw upon his expertise and innovative approach through the development of TV and Internet initiatives including documentary and feature productions along with music and digital-media projects. Bretz continues to forge new alliances and to collaborate with an A-list of tech company clients and celebrities. He is also a member of the Academy for Recording Arts & Sciences.
Regency Resources, Inc. (OTCBB: RSRS) is positioning themselves to take advantage of the rapidly growing Internet TV industry with appointment of experienced and successful media professionals. Other tech companies have already greatly benefited after entering this market. Google (www.google.com) developed Google TV by integrating the Android operating system with the Google Chrome internet browser. They have created an interactive television overlay. Google TV launched in October of 2010. Google Inc. stock is up 35% since October of 2010. Then, Apple (www.apple.com) developed Apple TV as a small form factor network appliance designed to play digital content originating from the iTunes Store, Netflix, YouTube, Flickr, MobileMe, MLB.tv, NBA League Pass, NHL GameCenter, or any Mac OS X or Windows computer running iTunes onto an enhanced-definition or high-definition widescreen television. Apple Inc. previewed their Apple TV in 2006 but announced the second generation in September of 2010. Apple stock is up 148% since September 2010. Lastly, Netflix (www.netflix.com) specializes and was one of the original pioneers of Internet TV. Netflix stock gained nearly 500% from 2010 to its high of $304.79.
After seeing the impact that entering the Internet TV market has had on other tech companies, many people are excited to learn more about Regency Resources (OTCBB: RSRS) and how they plan to stake their claim in the Internet TV industry. You can visit their website www.regencyresources.com. Just as the iPhone has become the future of the mobile phone, Internet TV is on its way to becoming the future of television.
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Source: Regency Resources, Inc.
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