Omniverse TV Announces Changes to its Live Television Services Offering
Omniverse TV continues to believe that its live television service to multi dwelling unit operators is an attractive and economic offering and will continue working with those partners to service the customer segment
KANSAS CITY, Mo., May 31, 2019 /PRNewswire-PRWeb/ -- Omniverse announces changes to its live television services offering.
Omniverse One World Television, Inc. has announced that, in the light of recently received archives of records pertaining to the licensing rights of its partner Hovsat, Inc, Omniverse has determined it will discontinue the marketing of live television content to single dwelling residential customers until such time as Omniverse can obtain greater clarity on the issue.
Consistent with that decision, Omniverse has communicated to its distribution and content partners that it will cease delivering live television content to single dwelling residential customers under the terms of its marketing agreement with Hovsat, Inc. This decision will take effect as of midnight May 31. Omniverse continues to believe that its live television service to multi dwelling unit operators is an attractive and economic offering and will continue working with those partners to service the customer segment.
Mr. DeMeo, the CEO of the company, stated that he "Thanks to the many efforts of the company's business partners and vendors for their hard work in trying to make the company's streaming operations a success." Live television streaming direct to the subscriber is the future of television. Omniverse will make every effort to ensure that rights owners and subscribers are compensated and any refunds that may be due are promptly handled.
Safe Harbor Statement
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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