Matthew Mancinelli puts 4KUniverse up for sale, wants $75 Million for 51%
The network consists of a 24-hour 4K Cable TV channel and a Direct-to-Consumer 4K streaming service priced at $10/month.
FOR IMMEDIATE RELEASE - ORANGE COUNTY, CA – December 23, 2020 at 5:00pm PT – 4KUniverse, America’s 1st 4K HDR TV Network, is for sale.
4KUniverse, the first-to-market Hollywood mover and shaker in American 4K HDR TV broadcasting, is up for sale at a price of $75 million for 51% majority ownership.
4KUniverse will hire investment banks to find a buyer as 4K TVs have hit critical mass (50% of TV households own a 4K TV) in 2020. 4K is a big hitter. It’s been central to larger screen adoption, accounting for nearly two-thirds of units (233 million total TVs shipped in 2020) and growing to 76 per cent by 2024, according to Futuresource Consulting.
The global TV market Trade value has also fared relatively well, forecast to decline by just 1 per cent to $83.7 billion.
The global installed base of Smart TVs is breaking the billion-unit barrier for the first time, according to Juan Villegas Leyba, Research Analyst at Futuresource Consulting.
Audiences know home-entertainment during the pandemic has good value. With larger-sized 4K TVs now in homes, families want to watch 4K channels and 4K streaming services like 4KUniverse.
The company’s portfolio includes:
- 24-Hour 4K Cable TV Channel
- Direct-to-Consumer 4K streaming service
- Global satellite coverage
- Global IP delivery capability
- 4KUNIVERSE Name Trademark
- 4K resolution entertainment brand
- 4K and 4K HDR content pipeline, into and out of, every territory in the world
- Matthew Mancinelli, Founder & CEO, 14-years of content distribution experience and Television Academy member
- Merch Store
- Movie, TV & Documentary Library
- Workflow streamlined
- Smart TV SVOD apps & website
- Future theme park blueprints
Pictured: Matthew Mancinelli at a red carpet movie premiere in Hollywood, CA
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About 4KUniverse
Founded in 2016 by Matthew Mancinelli, 4KUniverse is America's 1st 4K HDR TV Network. The network consists of a 24-hour general entertainment 4K Cable TV channel and a Direct-to-Consumer Ultra HD streaming service priced at $10/mo. Our one-of-a-kind TV Network features eye-popping visuals 4x the number of pixels as HD, vibrant colors thanks to WCG (wide color gamut), and provides the perfect companion to the tens of millions of 4K TV's currently in American households. 4KUniverse is a much-welcomed addition to the traditional cable TV package and 'streaming wars.' For more information, please visit: www.4KUniverse.com
For Media Inquiries and Interview Requests for 4KUniverse, email: press@4kuniversenow.com
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