Agora Holdings, Inc. (OTC: AGHI) is a multi-dimensional
company operating through key business segments to deliver innovative and high
quality business solution products and video content worldwide. Through
wholly-owned subsidiary Geegle Media and its affiliates, Agora is a leading
diversified international family entertainment and media enterprise with five
unique business segments – including media networks, TV, studio entertainment,
consumer products and interactive media. By seamlessly combining the best of
media and technology, the company is driving innovation in the entertainment
industry and developing some of the world’s best entertainment and online
experiences.
In recent months, Agora has turned its attention toward the
development of a collection of online media platforms tailored to meet the
demands of expansive global audiences. The company’s portfolio of
in-development web platforms includes GeegleTV, Frame, 1000Salads, Realty TV
and LobbyTV. Through the GeegleTV platform, Agora plans to co-produce
high-quality original content and distribute it to millions of users worldwide.
The company’s other platforms are intended for more specific applications.
RealtyTV, for example, will be developed for use by real estate brokerages,
while LobbyTV will be designed to suit the specific needs of business offices.
As more consumers turn away from traditional television
providers in favor of on-demand solutions, Agora could be in a favorable
position to claim a stake in a rapidly expanding market. According to a report
by TechCrunch, as many as 8.2 percent of former pay TV subscribers ditched
their cable or satellite service in 2014, while more than 45 percent of
individuals reduced their cable or satellite TV service during the same time
frame.
The result has been a period of rapid growth for leading
video on demand providers such as Netflix (NASDAQ: NFLX), Amazon (NASDAQ: AMZN)
and Hulu. According to data from Statista, the number of individuals subscribed
to Netflix’s streaming services increased by more than 200 percent from 2011 to
2015, with the streaming giant reporting just over 69 million global
subscribers in the third quarter of last year. Research firm MarketsandMarkets
reaffirmed this market potential in a recent report, which indicated that the
worldwide video on demand market is on pace to climb from $25.3 billion in 2014
to roughly $61.4 billion in 2019, achieving a compound annual growth rate in
excess of 19 percent.
As Agora continues toward the release of its suite of online
media platforms, this market performance will play a key role in the company’s
efforts to promote rapid and sustainable financial growth. Look for the company
to continue relying on the experience of its management team as it prepares to
target an expansive global audience by airing sharable, original content on
GeegleTV and related platforms in the months to come.
For more information, visit www.agoraholdingsinc.com
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