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The Digital Development Group (DigiDev) Projects 2013 Results, Forecasting a Tenfold Rise in Revenue From First to Fourth Quarters
LOS ANGELES--(BUSINESS WIRE)--The Digital Development Group (OTCBB: DIDG) (DigiDev), a Hollywood, California based OTT (Over the Top) TV company, reported today that revenues have continued to rise monthly since the beginning of 2013. Based upon the past five-month's performance, the company envisions year-end revenues to exceed $600k. The company is projecting second half revenues to expand to $500k.
Company executives note that its revenue forecast is based upon several factors. DigiDev is adding numerous channels monthly, positioning itself as a leader in the OTT or Internet television industry, a market segment experiencing continued, stellar growth.
DigiDev has begun an application development program which will, over the next several months, expand distribution beyond its current model to include Apple, Google, Android, Boxee, Samsung, LG, PlayStation and Xbox. The addition of these unique apps is expected to expand the company’s reach tenfold.
In addition, along with the recent news of Hollywood icon Charlie Sheen joining DigiDev as a special advisor and partner, the company is working with A-list celebrities and entertainers to bring their content to DigiDev.
“We are in the first stage of a rapidly developing technology and we are at the epicenter,” says Martin W. Greenwald CEO of DigiDev. “I'm proud to be a part of this team that has done an extraordinary job positioning the company to be a major innovator and player in the OTT universe.”