ROK buys US mobile video company FLM

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FLM specialises in the production and distribution of original mobile comedy content.
Under the terms of the agreement, ROK and FLM will jointly offer made-for-mobile content, such as comedy short films, to network operators worldwide.

ROK chief executive officer Laurence Alexander said: “FLM really understand the mobile entertainment space and what people want from mobile movies. We look forward to expanding the footprint of FLM content worldwide and going forward to develop a whole new portfolio.”

ROK floated for $1 billion (£480 million) on the OTC bulletin board, an entry-level version of Nasdaq, on November 14. About 50,000,000 shares have been distributed among existing company shareholders, at $20 each.

Alexander said the OTC float will strengthen ROK’s global rollout strategy, which includes mass penetration of ROK TV and increased partnerships with mobile networks and handset manufacturers.

Alexander said: “The demand for mobile content is set to grow massively over the next decade. ROK is well placed to exploit these trends, delivering shareholder value. We’ve achieved a lot of organic growth, but have also been working on our merger and acquisition targets.”

 

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