Mobile Streams Buys European Content Firm

The mobile content distributor, Mobile Streams says that it is buying the German mobile content company, Cyoshi Mobile for US$3.7 million. The acquisition will strengthen Mobile Streams' footprint across mainland Europe and provide them with direct access to exclusive mobile content. Cyoshi Mobile, which was formed as a subsidiary of the television and film production company Cyoshi Crucial, has pioneered the introduction of short-form animated cartoon content that has proven to be highly popular on mobile phones, and successfully took the cult internet series "Happy Tree Friends" onto mobile. Its portfolio of exclusive content includes other cartoon shows such as "Suicidal Squirrels" and "Joe Cartoon".

Cyoshi Mobile has a strong distribution network throughout Europe, including existing direct relationships with Vodafone, T-Mobile, Hutchison 3G, and numerous other operators to supply content throughout Eastern and Western Europe.

This acquisition reaffirms Mobile Streams' stated goals during its recent listing in London to enhance its portfolio of exclusive content and develop its international presence in selected markets.

Cyoshi Mobile will be renamed Mobile Streams Europe and will be responsible for all Mobile Streams' business in mainland Europe, Africa and the Middle East.

Simon Buckingham, Mobile Streams CEO said: "This complementary acquisition accelerates our strategy in several important ways - it extends our operator distribution footprint from the UK across both continental and Eastern Europe while also accelerating our content strategy by adding compelling licensed content."

Posted to the site on 21st April 2006