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TVPlayer users surge with 600% revenue increase

Online streaming platform TVPlayer has confirmed it's gained an extra 40,000 customers in the last three months.

The increase means TVPlayer now has almost 2 million monthly active users in the UK, with annualised revenues increasing over 600% year on year.

The service provides access to most major free-to-air channels, plus a variety of premium channels that can be accessed across a number of connected devices. Late last year, the company launched a cloud-based TV recording system.

TVPlayer’s in-house technology platform means the company can service millions of users at a fraction of the cost faced by new over-the-top (OTT) entrants and traditional pay TV companies.

To further accelerate growth and strengthen its management team, TVPlayer has appointed ‘industry veterans’ Scott Kewley and Nick James as Chief Operating Officer (COO) and Chief Technology Officer (CTO) respectively. Existing COO, Rob Hodgkinson, will be moving into the Chief Financial Officer (CFO) role.

Kewley was formerly Director of Digital Entertainment at Virgin Media and has latterly been leading on a consumer-facing OTT platform in the UK. James was previously Head of TV Architecture & Innovation at TalkTalk, with prior experience at Lovefilm and Sky. In their new remits, Kewley and James will be tasked with multiplying the TVPlayer premium subscriber base.

Adam Smith, Founder & CEO of TVPlayer, said: 
“With minimal marketing spend to date, we have built a significant audience of millennial TV viewers in the UK. We uniquely offer a complete TV replacement service, including the ability to record live TV in the cloud, at an affordable price of £5.99 a month. 
“We are delighted to be able to attract executives of Scott and Nick’s calibre to enable TVPlayer to disrupt the pay TV ecosystem in the UK market. Their industry experience will be hugely valuable in helping the business double-down on its trajectory as the UK’s fastest-growing complete pay-TV service.”