Successful negotiation of distribution agreement places Digiboo kiosks in nation’s busiest airports
Los Angeles (December 1, 2012) — Investment advisory firm Clear Capital Advisors, which advises middle market and emerging growth companies, today announced it served as strategic advisor to Digiboo, LLC, developer of a digital media distribution platform consisting of a dedicated, stand-alone retail kiosk that allows users to purchase or rent movies and television shows using a touchscreen interface, and download for playback directly to their tablet or smartphone. The Company recently signed a letter of intent for a pilot distribution program with Smarte Carte.
Headquartered in Los Angeles, Digiboo’s proprietary platform delivers movies and other content to consumers’ mobile devices via WiFi from an interactive kiosk. The Company’s unique distribution model centers around a dedicated, stand-alone kiosk placed in high traffic areas such as airport terminals, rail stations, university dormitories, and coffee shops. Digiboo has successfully negotiated content distribution agreements with most of the major film studios, including Paramount, Sony, Lionsgate, Warner Bros., Miramax, Anchor Bay, and Millennium.
“Clear Capital Advisors was instrumental in helping us to refine our positioning and think through some key business issues. They also provided us with excellent advice as we structured our distribution agreement with Smarte Carte,” said Richard Cohen, founder and CEO of Digiboo. “This agreement is very exciting for our company as it opens up opportunities to expand into other venues.”
Bruce Pompan, founder and managing director of Clear Capital Advisors, said, “Digiboo is capitalizing on a fundamental shift in the viewing habits of consumers, and its technology allows the Company to satisfy consumers’ growing appetite for digital entertainment that fits into their increasingly mobile lifestyle. The partnership with Smarte Carte makes a great deal of sense, and it will help to introduce the Digiboo offering to a much wider audience.”
Smarte Carte is the leading concessionaire of self-serve vended luggage carts, electronic lockers, commercial strollers and massage chairs, as well as other passenger and guest services at more than 1,200 transportation centers, shopping centers and entertainment facilities worldwide.
About Clear Capital Advisors
Clear Capital Advisors is an investment advisory firm focused on providing mergers and acquisitions advisory and capital raising services to select business services, digital media, healthcare, and technology companies. Securities offered through Fallbrook Capital Securities Corp., Member FINRA – SIPC. For more information, visit www.ClearCapitalAdvisors.com.