Major League Baseball just announced today that they renewed their TV rights deals with both TBS and FOX for the next 8 years. MLB's new TV distribution deals are worth $12.4 billion annually, more than a 100% increase from their prior deals, thanks in large part to TV Everywhere: http://mlb.mlb.com/news/article.jsp?ymd=20121002&content_id=39362362&vkey=news_mlb&c_id=mlb
Synacor (SYNC) is currently a major TV Everywhere partner with Turner and authenticated TV Everywhere users for Turner's March Madness coverage earlier this year. Right now on TBS's web site, SYNC authenticates for 11 of the 19 pay-TV companies providing TV Everywhere access: http://www.tbs.com/video/
SYNC is also authenticating FOX content for 2 out of the 3 pay-TV companies that have signed TV Everywhere deals with FOX so far: https://secure.hulu.com/authenticate
All together between TBS and FOX, SYNC is authenticating for 13 out of the 22 pay-TV companies providing access or 59% of their TV Everywhere partners! Imagine how HUGE TV Everywhere will become next year when TBS and FOX begin airing MLB games through TV Everywhere so that Americans can watch baseball games on their laptops, tablets, and smartphones from any location!
SYNC is about to report very strong 3Q results and 4Q guidance that far surpasses the extremely low expectations priced into SYNC's current share price of $7.58, in NIA's opinion, and will become a $20+ stock by year-end! TV Everywhere will soon become the hottest space to invest in on Wall Street and SYNC is the #1 leader!
NIA is not an investment advisor and is not making any target prices or financial projections. Never invest based on anything NIA says. Always do your own research and make your own investment decisions. NIA never recommends to buy or sell any stock.
Disclaimer: NIA currently owns 486,035 shares of SYNC. NIA intends to sell these shares in the future and can do so at any time. NIA reserves the right to add to its SYNC position at any time.
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