The biggest deal in 20 years is a game changer for Mobile Streams
“…I think what you’re going to see is now that we’ve signed a deal of this stature, this magnitude, other deals for Mobile Streams will follow, it’s going to unlock a lot. If you’d given this announcement three months ago, the share price probably would have doubled…”
Content delivery business and now a next generation content provider with a content intelligence platform.
Such has been the evolution of Mobile Streams plc which has been listed on AIM since 2006 and has just announced the biggest deal in the company’s 20-year history.
It’s a five-year contract to be the exclusive global producer and provider of Non Fungible Tokens (NFTs) for Pumas football club, one of the “big 4” football clubs in Mexico.
And it is, according to chief executive Mark Epstein “enormous” and “transformational” for the company. “I think what you’re going to see is now that we’ve signed a deal of this stature, this magnitude, other deals to follow, it’s going to unlock a lot.”
Epstein is dedicated to unlocking value. He, like other executives in the business, is in alignment with shareholders, owning a decent chunk of stock. And he like other shareholders is frustrated by what he describes as grim current market conditions. “If you’d given this announcement three months ago, the share price probably would have doubled.”
Epstein says NFTs will become mainstream. He describes them as digital merchandise and “It’s a game changer. If we can unlock it.”
Epstein is finding ways to do just that. There’s the World Cup in November and he’s exploring ways to capitalise on that opportunity and the myriad others that are no doubt emerging from an NFT market estimated to reach $122 billion in size by 2028. Epstein says “We’re aggressively active in this space. We have a large pipeline of targets that we are actively engaged with.”
Would regulation of NFTs constrain business for Mobile Streams? On the contrary says Epstein it will direct more business to the company which is a regulated entity by virtue of the fact it is a listed enterprise obeying the many rules that public company status brings.
He isn’t so restricted though that he doesn’t give shareholders a taste of effervescent enthusiasm. “So the company you know, is just really in a great spot, extremely well capitalized. You know, we’re doing brilliantly we’re winning deals.”
In this podcast with Sarah Lowther, Mark explains what Non Fungible Tokens are and how the business has evolved over two decades to become what it is today and the foundations it is laying for the future.
Watch Mark, Chief Product Officer Tom Gutteridge and NED Nigel Burton give an investor update on the Investor Meet platform
Mark and Tom present their business case at a March 2022 Shares Investor event
Read the Corporate Presentation
Follow the company on Twitter @MobileStreams
The author was remunerated but does not hold shares in the company