NEW YORK, Sept. 23, 2019 /CNW/ -- Frankly
Media (TorontoVE:TLK) (OTCQX: FRNKF) ("Frankly" or the
"Company"), a multiplatform engagement, monetization and data
company, has launched multiple broadcast TV groups on its
groundbreaking Express Video platform, including Griffin
Communications and Waterman Broadcasting.
Frankly's Express Video platform delivers an end-to-end digital
video workflow for broadcasters and publishers. Traditional media
companies looking to unlock the online revenue potential of their
video assets, or create entirely new digital content channels, can
partner with Frankly to manage all aspects of the publishing
pipeline. From delivering contribution streams to the cloud from a
broadcast facility, to editing, distribution and monetization,
Express Video provides a complete channel management service for
web, mobile and OTT experiences.
"We chose Frankly Media's Express Video Platform for its ability
to simplify our complex video requirements, streamlining workflows
for the news and sales teams," said Richard
Cox, Director of New Media Operations at Griffin
Communications. "Especially during breaking news and weather,
Express Video enables us to quickly edit and stream video for
consumers to view across web, native mobile and OTT apps."
With Express Video, media production workflows, which used to
require capital-intensive broadcast installations, can now be
delivered in the cloud. An example of these workflows includes
media asset management (MAM) features for large video libraries
with flexible import, tagging and analysis tools. Going beyond the
capabilities of existing MAM products, Express Video can also
automate complex syndication workflows and track usage across
disparate affiliate networks with its player-agnostic attribution
technology.
For live workflows, Express Video can record and manage multiple
broadcast feeds as well as live stream from field encoders. Using
Frankly Cloud Master Control, users can combine these feeds with
on-demand sources to create entirely new TV channels and
monetization opportunities. Broadcast advertising metadata is
preserved through the process to enable targeted, server-side ad
insertion (SSAI) downstream. With native apps for Apple TV, Fire TV
and Roku, and distribution to social networks such as Facebook,
Express Video delivers a comprehensive digital solution for TV
broadcasters.
Separate from this announcement, Frankly has promoted its Chief
Operating Officer and Chief Technology Officer, Omar Karim, to the role of President and Chief
Technology Officer and amended its Equity Incentive Plan as
described herein.
"Frankly is at the epicenter of the most important change in
broadcast TV technology since the transition from analog to
digital," added Karim. "We believe workflows that traditionally
required significant capital investment in broadcast centers will
be increasingly managed in the cloud. This shift will optimize
costs to scale with the news cycle and maximize revenue through
targeting advertising, flexible syndication and personalized
content experiences. With our end-to-end cloud video platform,
Frankly is actively leading the broadcast TV market through this
transition."
Equity Incentive Plan - The Company's current Equity
Incentive Plan (the "Current Plan") allows the Board of Directors
of the Company (the "Board") to grant incentive stock options and
non-statutory stock options ("Options") as well as restricted stock
units ("RSUs") to officers, employees, directors and consultants of
the Company. Under the Current Plan, a maximum of 532,031
common shares of the Company may be reserved and set aside for
issuance upon the grant or exercise of Options or RSUs (the
"Compensation Plan Limit"). The Restated Plan, effective as of
October 1, 2019, amends the Current
Plan by replacing the fixed 532,031 share Compensation Plan Limit
with a share limit equal to ten percent (10%) of the Company's
outstanding shares, from time to time, on a non-diluted
basis. The Restated Plan remains subject to the approval of
the TSX Venture Exchange and disinterested shareholder
approval.
About Frankly
Frankly Media provides a complete suite of digital solutions for
media companies to create, manage, distribute and monetize their
content on all platforms, maximizing audience engagement and
revenue potential. The company is headquartered in New York with offices in Atlanta, Toronto and Bangalore. For more information, visit
www.franklymedia.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Notice Regarding Forward-Looking Statements
This
release includes forward-looking statements regarding Frankly and
its respective businesses, including Frankly's ability to launch
products and services for customers and the ability of those
products and services to increase user engagement and enhance
commercial and operational benefits for Frankly's customers.
Forward-looking events and circumstances discussed in this release
may not occur by certain specified dates or at all and could differ
materially as a result of known and unknown risk factors and
uncertainties affecting the parties. Forward looking statements
depend on certain assumptions that management deems to be
reasonable in the circumstances, but such assumptions may prove to
be incorrect and the outcome of the subject of any forward-looking
statement cannot be guaranteed. Such assumptions are based on,
among other things, continuing growth in online audiences and
advertising opportunities, the ability of partners to create and
deliver engaging content, Frankly's access to critical markets,
resources and vendors and the absence of material technical and
regulatory impediments. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and Frankly undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, or otherwise.
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SOURCE Frankly Media
