FYI

YuuZoo co-founders launch game streaming service

The founders of a Singapore-based social e-commerce company and a social gaming firm have joined forces to launch a game streaming service.

Thomas Zilliacus, the founder of YuuZoo and the former APAC boss of Nokia, who said last year that he plans to launch a new mobile phone brand called Newkia, has teamed up with former Ron Creevey, the founder of XCast, to launch the new live game streaming venture.

The announcement:

The co-founders of YuuZoo Corporation, Thomas Zilliacus and Ron Creevey, today announced that they are joining forces once again in introducing live game streaming via multicast social broadcasting to a global audience, but with a specific focus on the world’s fastest growing and largest developing markets.

Creevey, who left YuuZoo in 2012 to build new ventures, provides the technology through his new venture XCast (www.thexcast.com) YuuZoo, using its Virtual Shopping Mall (www.yuuzoo.com and www.yuuzoo.cn) provides the distribution platform, which has access to 85 million registered users and 700 million TV viewers in 164 countries.

Says Ron Creevey, Founder & CEO of XCast: ” XCast takes social gaming to a whole new level. It will change the way gamers play for the better, and will allow millions of consumers to view gamers play their games live, anywhere from any device.”

Says Thomas Zilliacus, Chairman & CEO of YuuZoo: “Games form one of three cornerstones in our virtual shopping mall. Improving live game streaming is a new and hugely exciting service. Xcast provides a multicast platform. The live streaming will be yet another service within YuuZoo’s Virtual Shopping Mall, attracting more users and attracting users to spend more time in the YuuZoo Mall. All game-related payments and all payments for all events will be made using our payment platform YuuPay”, concludes Zilliacus.

Game Event Streaming has grown rapidly. Twitch, one of the market leaders in game event streaming in the developed markets, was recently sold for USD1 billion. Compared with Twitch, YuuZoo has access to a much larger user base in much larger markets.

The partnership between XCast and YuuZoo shows that the investments YuuZoo has made and continues to make in building a large targeted user base enables the company to provide distribution platforms for companies providing new emerging technologies, expanding and strengthening YuuZoo’s revenue streams further.

Source: press release

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