JumpTV undercuts BDUs with online World Cup coverage

Online broadcaster JumpTV Inc. is offering soccer fans a cheaper way to watch the 2009 South American World Cup qualifier matches. The Toronto company plans to stream the games to consumers for less than half the price of cable or satellite. The games will mark the first time ever that all matches are available live online in high quality. All games will be carried live and on-demand at www.qualifiers.jumptv.com and be available to fans in the United States, Canada and Puerto Rico. This marks JumpTV's third consecutive year as the exclusive online broadcaster of the South American World Cup Qualifiers. The subscription service provides news coverage, real-time stats, free highlights, links to store destinations and team information, as well as the option of purchasing pay-per-view single matches, team passes for the year or an all inclusive season pass. JumpTV also released its year end results today. The company reported annual revenues of $13.4 million for the year ended Dec. 31/08, compared to $7.8 million in the prior year. However, the company still isn’t in the black. Its net loss for the year was $11.6 million (including $5.5 million of non-cash vharges) or $0.21 per share, as compared to $4.5 million (including $2.6 million of non-cash charges) or $.11 per share in 2007. By the end of December, the company had $27.3 million in cash and cash equivalents. JumpTV recently merged with IPTV provider NeuLion, Inc. through a reverse takeover.

JumpTV undercuts BDUs with online World Cup coverage

Brief | March 30, 2009

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