Audioboom Group PLC AUPEO! to deliver in-vehicle Audioboom content (7179G)
March 06 2015 - 2:00AM
UK Regulatory
TIDMBOOM
RNS Number : 7179G
Audioboom Group PLC
06 March 2015
6 March 2015
Audioboom Group plc
("Audioboom" or the "Company")
AUPEO! deal to deliver in-vehicle Audioboom content
Audioboom (AIM: BOOM), the leading spoken-word audio on-demand
mobile platform, announces a global agreement with Aupeo GmBH
("Aupeo"), a market leading supplier of in-vehicle platforms and
personalised content for connected vehicles.
Aupeo recently launched Personal Radio by AUPEO!, the in-car
infotainment platform and service which allows consumers to listen
to news, sports, traffic and weather with their favourite music in
their own intuitive, personal and vehicle-friendly radio station.
The service is currently available on more than five million
vehicles globally, covering 20 automobile brands and 60
countries.
Audioboom will be a global provider and delivery platform of
audio content to Aupeo and will create, curate and seamlessly
deliver UK, US, Australian and European news, sport, comedy and
entertainment audio content directly into the Personal Radio by
AUPEO! in-car infotainment platform.
The collaboration further enhances Audioboom's reputation as a
global brand, and seeks to position Audioboom as a leader in
spoken-word audio content within the automotive market.
Audioboom will generate revenue-sharing income based on the
installed base which include the Audioboom "stations" as well as a
50% share of advertising revenue (net of channel fees) generated on
clips listened to for over 30 seconds. In the short-term revenue
expectations are likely to be modest but the Board expect these to
increase significantly as take-up and familiarity grows.
Content aggregated and provided by audioBoom will be available
to AUPEO! users early in the second quarter of 2015.
Rob Proctor, CEO of Audioboom, commented:
"We're absolutely delighted to work with Aupeo and to be one of
their key collaborators world wide. We consider the company to be
one of the most innovative in the automotive infotainment space,
which is a major focus for us over the coming year as we continue
to grow our global userbase of listeners."
David Taylor, CTO and Managing Director at Aupeo, commented:
"Integrating Audioboom's vast library of spoken-word content
with the Personal Radio by AUPEO! experience is a great addition to
our platform and enables drivers to quickly discover and listen to
the audio content they desire for their unique lifestyle."
Audioboom Group plc
Rob Proctor Tel: 020 7403 6688
Arden Partners plc - Tel: 020 7614 5929
NOMAD and Broker
Chris Hardie/Ciaran Walsh,
Corporate Finance
Walbrook PR Tel: 020 7933 8780 or audioboom@walbrookpr.com
Sam Allen / Paul McManus Mob: 07884 664 686 / Mob:
07980 541 893
About Audioboom (www.audioboom.com)
Audioboom Group plc is a digital social media audio platform
enabling the creation, broadcast and consumption of audio across
multiple global media outlets. Audioboom works with some of the
biggest names in broadcasting across sport, entertainment and
current affairs to bring their content to millions of listeners
worldwide via Facebook, Twitter and other media platforms.
The technology allows partners to embed playlists onto their
sites and apps, use our mobile apps and functionality as listen
again players and re-syndicate their content around the web.
Audioboom also allows the monetisation of audio via the dynamic
insertion of pre and post roll advertising into content as a user
is listening, allowing contemporary advertising selection,
depending on content genre and geographic location of the user.
Audioboom currently has over 2,300 content partners, including
the BBC, Telegraph, Guardian, CBS, Sky Sports, Sky News Radio,
Premier League, Southern Cross Austereo, Reuters, CNBC, Universal
and Fox.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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