FAB Universal Announces Strong Podcast Network Growth
Expects Strong Revenue Growth For 2013
PITTSBURGH--(BUSINESS WIRE)-- FAB Universal (NYSE MKT:FU), a worldwide distributor of digital entertainment today announced podcast download requests topped 1.6 billion for 2013 (or well over 2 billion adjusted for new algorithmic process improvements implemented in 2011 and 2012), achieving an all-time high in the fourth quarter of 2012. This new milestone marks nearly 5 million audience requests for podcast shows each and every day on the Libsyn Network, representing 1.7 million hours of daily content distributed in 240 countries around the world.
Unique monthly audience members continued to grow to over 25 million individuals at the beginning of 2013, marking another milestone achievement. The Libsyn Network is now expected to reach over 60 million unique individuals in 2013.
Statistical algorithms were tweaked over the past two years with a shift in podcast consumption behavior to better account for requests from mobile devices. 50% of the podcast shows are now being distributed to mobile devices such as iPhones and iPads. A recent snapshot of media distribution shows that iOS devices (Apple) make up 84% of the mobile requests while Android accounts for 15%.
Lastly, network and audience milestones are being driven by the continued expansion of content by producers, which has also reached a new all-time high. Over 13,000 paying content publishers use the Libsyn Network for distribution and monetization services for over 1.1 million unique episodes. New account sign-ups and revenues are also at an all-time high with the addition of over 1,500 shows already in 2013.
"Revenue and network numbers are up across the Libsyn podcast business and we are excited that focus on expanding recurring revenues through hosting and monetization is paying off," said Laurie Sims, President, Libsyn. "Steady growth in 2012 allowed us to reach new highs and proved that podcasting represents significant opportunities for revenue and audience expansion. We continue to exceed goals and enter 2013 with strong momentum to increase revenue as content, audience numbers and download requests grow. Libsyn remains the premier podcast distribution and monetization platform in the world and continues to demonstrate its dominance over all other podcast media distributors."
About FAB Universal Corp:
FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores, Retail Franchises and online through Apple iTunes and Google Android through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries. Sales of digital media are generated through kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at firstname.lastname@example.org.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.
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