FOTV Media Networks Going Public

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FOTV Media Networks is going public with an initial offering of 2.5 million to 3.75 million shares at an opening price of $8 each.

FOTV comprises online streamer FilmOn.TV Networks, virtual reality/holographic image company Hologram USA, transactional VOD arm CinemaNow and online content guide OvGuide.

Related: FilmOn Reels in CinemaNow

Monarch Bay Securities LLC and Network 1 Financial Securities Inc. are underwriting the initial public offering (IPO).

FOTV said it expects to close the offering next month, subject to commitments to the 2.5 million shares minimum.

The SEC signed off on the IPO registration statement Aug. 12, FOTV said.

John Eggerton
John Eggerton

Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.