MMA Global Inc. (OTCMKTS:LUSI) is up 12% in a week after announcing that GTR24H, its subsidiary, will establish the first pair of the FAST channel, which will be an eSports focusing FTR24H FLASH and Zukisphere FLASH channel.
Trading Data
On Friday, LUSI stock moved up 2.23% to $0.4395 with more than 25K shares traded, compared to its average volume of 62K shares. The stock moved within a range of $0.3700 – 0.4400 after opening trading at $0.3995.
LUSI and GTR24H Set To Launch Esports and Zuki Games TV Stations on FLASH Channel TV
FastChannel is a relatively nascent white-label system focused on providing over-the-top (“OTT”) media distribution to entrepreneurial ventures looking to expand their market. FAST Channels TV’s “fast” refers to “free ad-supported streaming TV services.” FLASH is basically an ad-supported streaming video TV programming service that does not require a membership.
Organizations like GTR24H and ZUKI.APP use FLASH technology to offer video content all over the world. FLASH seems to be a fully established solution for channel playback with automation, with over 170 channels available on more than 45 networks across the world.GTR24H would take the initiative on the project for the firm because they have a lot of expertise in putting up live streams with enhanced product quality. So in the coming weeks, investors should watch LUSI.
Key Quote
GTR24h’s CEO Jon Fabricius Turell said, “It’s a natural play for us to work together in the Zuki Group to use the FLASH TV technology to gain exposure for the great things we are doing and to enable our gamecasters to do the same.”
Technical Data
LUSI stock is trading above the 20-Day and 50-Day Moving averages of $0.38 and $0.31 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.26.
