SOURCE: JumpTV Inc.

October 10, 2007 02:00 ET

JumpTV Reports 86,000 Subscribers as of September 30, 2007

TORONTO--(Marketwire - October 10, 2007) - JumpTV Inc. (AIM: JTV) (TSX: JTV), a leader in broadcasting international television and sports over the Internet, announced that the Company had approximately 86,000 paying subscribers as of September 30, 2007.

Paid subscribers have increased approximately 19% compared to 72,000 paying subscribers reported on a pro forma basis on August 9, 2007, when the Company announced the acquisition of Cycling TV.

The third quarter ended with a record level of subscribers for both JumpTV's International division, consisting of approximately 300 television channels from more than 75 countries, and its JumpTV Sports division which consists of approximately 175 sporting content partners.

In the United States, the Company offers approximately 120 of its 300 television channels and selected content from its sports content partners on a free-to-consumer, ad-supported basis with the balance of the content being offered on a subscription basis.

Outside of the United States, all of JumpTV's offerings are on a subscription or pay-per-view basis.

In 2007, JumpTV expects to stream more than 10,000 live sporting events and provides subscriptions to viewers in more than 100 countries around the world to its sports, news and entertainment content on a live, pay-per-view and/or video-on-demand basis.

G. Scott Paterson, chairman and chief executive officer, said, "JumpTV ended the third quarter with our best month ever in September on all fronts. Our strategy to anchor our content with a sports theme, followed by news and entertainment is taking shape.

"Importantly, we have broadened our capabilities to offer our content providers a suite of value-added services to optimize their assets online.

"In addition to our subscriber growth, we are making important strides with free-to-consumer, ad-supported content in the United States."

The Company notes that it may not achieve the same level of growth in subscribers in the current period due to multiple factors including seasonality.

About JumpTV

JumpTV (AIM: JTV) (TSX: JTV) is a leading distributor of live international television and sports over the Internet. With more than 300 television channels from 75+ countries and more than 175 partnerships with sports teams and leagues, JumpTV delivers full-screen sports, news and entertainment content on a real-time basis from all corners of the globe to computers, Internet-enabled television sets, IP set-top-boxes and cell phones with browser access. For more information, visit www.jumptv.com.

Forward-looking statement

Certain statements herein may constitute forward-looking statements, including those identified by the expressions "may," "will," "should," "could," "anticipate," "believe," "plan," "estimate," "potential," "expect," "intent" and similar expressions to the extent they relate to JumpTV or its managements. These statements reflect JumpTV's current expectations and are based on information currently available to management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" contained in JumpTV's prospectus (admission document) dated August 1, 2006 and the matters discussed under "Risk Factors" contained in JumpTV's final short form prospectus dated February 19, 2007. These forward-looking statements are made as of the date hereof, and JumpTV assumes no obligation to update or revise them to reflect new events or circumstances.

Contact Information

  • JUMPTV PR / IR Contacts

    North America:
    Lewis Goldberg
    KCSA Worldwide
    +1-212-896-1216
    Email Contact

    UK:
    Chris Bowman/Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500