This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Loton, Corp Signs Letter Of Intent To Acquire FilmOn.TV Networks

LOS ANGELES, Oct. 24, 2011 /PRNewswire/ -- Loton, Corp (OTC BB: LTNR) announced that it has signed a non-binding letter of intent to acquire the FilmOn.TV Networks Inc. (FilmOn), which holds a License and Franchise Agreement for The Americas from FilmOn.com Plc (FMX:GR), the internet-based, high-definition television (IPTV) service provider with properties in the U.S. and Europe.  The letter of intent is subject to due diligence and negotiation of a definitive acquisition agreement, and certain other conditions, and is exclusive to Loton for 60 days.  If the transaction is completed, Loton will merge with FilmOn.

FilmOn delivers high-quality subscription-based television services to IP-enabled devices including TVs, set-top boxes, PCs, mobile phones, and tablets across a proprietary delivery platform connected to datacenters in London, Amsterdam, Geneva, New York and Los Angeles.

FilmOn.com customers currently have access to over 120 television broadcast and pay-per-view (PPV) channels from content partners including Hollywood movie studios and major news syndicates, including ReelzChannel TV, My Combat Channel, the Barclays Premier League, Wealth TV, MyFamily TV, The Ski Channel, NWA Wrestling, Fashion TV, and AP Breaking News. There are another 100 plus channels in the pipeline including major US networks, sports leagues and producers.

FilmOn also produces in house-branded TV shows exclusive to FilmOn with advertising agencies such as Quigley-Simpson who collaborate in producing branded content for traditional PPV systems to all 150 million cable homes in the USA through partner carriers such as DIRECTV, Dish Network, iN DEMAND and Avail-TVN.

FilmOn launched its Interactive Artist Management division to create interactive channels for artists and celebrities, based on the FilmOn technology platform. The Company has formed relationships and alliances with key artist management groups and leading artists and celebrities in the entertainment and media industries.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs