Broadband TV provider JumpTv has posted a 186% increase in first-quarter revenues to $1m. Revenues rose 34% on the fourth quarter, while net losses fell on the previous quarter by 18.3% to $7.1m.
JumpTV, which claims to be the world's leading broadcaster of ethnic television over the internet, said it ended the quarter with 280 channel partnerships compared to 254 channels at the end of December 2006 and 138 channels as of March 31, 2006.
Subscriptions increased 22.6% to 34,496 from 28,138 in the fourth quarter 2006 and subscribers increased approximately 22.4% to 30,062 for the first quarter 2007 from 24,554 in the fourth quarter 2006.
JumpTV said it planned to offer a "significant" amount of content in the US on an ad-supported, free-to-consumer basis. "Certain premium content will remain subscription based in the US and virtually all content outside of the US is expected at this time to remain subscription based," said JumpTV.
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