HOLLYWOOD, April 8, 2014 (GLOBE NEWSWIRE) -- The Movie & Music Network (OTCBB:DIDG) is reporting a 66% increase in subscriber growth for March over February, as well as a 66% growth in revenue for the same period. For the quarter ending March 31st, 2014, this represents revenue growth of 32% and a 35% increase in subscriber growth over the previous quarter.
Enthused CEO Martin W. Greenwald, "We are so pleased to report that the initiative of launching our Roku application is already paying major dividends for us. Subscribers are clearly liking what they see. We are rapidly approaching 3000 subscribers and will most likely exceed that number within the month."
The company's exposure on the popular Roku platform has widened considerably of late. "Two months ago, we had 8 channels up on Roku," continued Greenwald, "and now 17 channels. Our target for quarter ending June 30th will be for a minimum of 30 channels on our network. It's all about bringing value to our customer at the fixed price of $5.99 for the entire network, and it becomes even more valuable as we roll out additional channels."
He noted further, "Not only do we have subscribers in all 50 states, but our reach has gone worldwide. We're currently in 11 countries, with a growing number of subscribers in the UK and other parts of Europe, as well as Australia, South Africa, Asia, and South America. The diversity of our programming is attracting young and old, male and female. We envision further expansion with additional channels, and we've kept a tight lid on overhead. Every new subscriber brings us closer to profitability and, by definition, a significant increase in shareholder value. I am very pleased with what we've attained. Internet television is an extraordinary industry and a worldwide phenomenon."
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