ROK buys US mobile video company FLM

FLM specialises in the production and distribution of original mobile comedy content.
Under the terms of the agreement, ROK and FLM will jointly offer made-for-mobile content, such as comedy short films, to network operators worldwide.

ROK chief executive officer Laurence Alexander said: “FLM really understand the mobile entertainment space and what people want from mobile movies. We look forward to expanding the footprint of FLM content worldwide and going forward to develop a whole new portfolio.”

ROK floated for $1 billion (£480 million) on the OTC bulletin board, an entry-level version of Nasdaq, on November 14. About 50,000,000 shares have been distributed among existing company shareholders, at $20 each.

Alexander said the OTC float will strengthen ROK’s global rollout strategy, which includes mass penetration of ROK TV and increased partnerships with mobile networks and handset manufacturers.

Alexander said: “The demand for mobile content is set to grow massively over the next decade. ROK is well placed to exploit these trends, delivering shareholder value. We’ve achieved a lot of organic growth, but have also been working on our merger and acquisition targets.”