AKG Technologies Introduces NyooTV; India's First Online Social TV

Top Quote Plans foray into the projected 800 million USD mobile video market and video on demand segment. End Quote
  • (1888PressRelease) July 13, 2010 - Mumbai - AKG Technologies; a Delaware-Mumbai based Technology Company has launched its flagship product and India's first Online Social TV, www.nyootv.com. Mr. Peter Gardner, a noted investment banker and a key investor in NyooTV and other popular properties like www.last.fm, launched the website with a whole new state of the art design and interface along with Ms. Neha Hinge, Femina Miss India 2010. Dr. Kartik Hosanagar, board of director and Mr. Gaurav Mendiratta, Founder and President of AKG technologies were present for the occasion.

    Catering to wide section of audience across India, USA and UK, NyooTV is a host to premium legal entertainment related content, made available free of cost to their users. From streaming full length Bollywood movies and music videos to TV shows and documentaries, the content spans across various genres.

    The social media integration factors, like an inbuilt Facebook chat and tweet option, makes the whole experience unmatched and interactive. NyooTV has received a tremendous response from the Indian and US audience, with their Facebook page hitting 1, 00, 000 subscribers in the first 6 weeks. The page is still growing at rate of 2000-3000 fans everyday.

    The initial response received from the users has encouraged the company to think of a foray into the vast and ever growing mobile applications market. They are ready to launch the NyooTV application for iPhone and Nokia smart phones; while applications for Blackberry and Windows Mobile are in the pipeline.

    NyooTV will soon foray into the VOD (Video on Demand) device for a television set, by introducing the revolutionary "NBox" to the Indian market. The NBox will be made available at a one time investment of Rs. 6000, wherein the consumers will be to record live TV, watch content from external storage media as well as access content from NyooTV.com.

    Commenting on NyooTV's future plans, Mr. Gaurav Mendiratta, Founder and President of AKG Technologies Inc. said, "There is a huge market for free legal Bollywood content and archived television shows on internet in India as well as abroad. The mobile and internet market will witness a huge boost once the 3G & BWA spectrum is operative, which will lead to increase in speeds and a decline in the data usage charges. We are really happy to see the kind of response we are getting from the audiences in India and US, and at this rate we are looking at a stable growth rate of at least 100% for the next three quarters."

    Dr. Kartik Hosanagar, the youngest professor at The Wharton School and Director at AKG Technologies said, "NyooTV is the beacon of the sea-change in entertainment content viewing and delivery which epitomizes the exuberant spirit of Young India. Through innovation NyooTV has been able to customize its user experience akin to local Indian sensibilities while offering a truly global product."

    Reinstating his belief in a product like www.nyootv.com Mr. Peter Gardner said," I have always had great belief in the power of the Internet as a medium, as it transcends borders, cultures and societies. When the business model of NyooTV was presented to me, I was very certain that we had a winner on our hands. Bollywood is very popular across the world and the demand for related content is very high, as it is very close to the cultural ethos of this great country. My belief in this product was strengthened further when we saw the response to the beta version of the website and we had around 1, 00,000 subscribers on our Facebook page itself. We are now working towards various innovative products to cater to a much broader audience in India and abroad, by being a part and a facilitator of high quality premium entertainment in their homes."

    About NyooTV
    NyooTV is a video on demand platform built using adaptive streaming and customized mobile applications to provide superior user experience even with low bandwidths. It aggregates and offers premium Indian entertainment content across new media platforms and digital entertainment devices currently to Indian audiences in US and India for free. Registered users can get continuous updates about the latest movies by following NyooTV through social networking sites. NyooTV provides premium global video content like TV shows, Top Bollywood films in full length including New Hindi movies as well Old Hindi movies, Bollywood news, New Bollywood songs, events and sports events of interest to Indian consumers, whenever and wherever they want it.

    More details are available on the website: www.nyootv.com

    About AKG Technologies Inc.
    Based in Philadelphia, and founded in January, 2009, AKG Technologies Inc. (Indian subsidiary AKG Entertainment) is operated independently by a dedicated management team of professionals with offices in Bhopal, Mumbai and Philadelphia. Visit www.akgentertainment.com for more details.

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