FastStream starts its interactive television business with the purchase of Roxi

Roxi, music video streaming service, becomes part of FastStream Interactive, a new company with shareholders such as Adam Clayton, Guy Hands and Jim Mellon that is closing distribution agreements with major American television networks to launch “new and innovative” interactive channels.

FastStream seeks to offer a new technology for “revolutionize"television. As explained Rob Lewis, CEO of the company, consumers who tune in to their channels will discover that They start automatically at the beginning of the program and that they can skip, pause, or search.

The first FastStream-powered TV channel to launch will be Roxi. It will be available for free at NextGen TV and will allow viewers across the country to access all the music they like, whenever they want, for free, on their television, without the need for an app and without the need to register or subscribe.

NextGen TV is the new digital television standard that is being implemented in the United States. Currently, 75% of the US population, about 125 million households, has access to this system.

FastStream was born with the support of more than 100 great investors, among which are several American television networks and prestigious names in the world of music and corporate finance. Shareholders include the US networks Sinclair and Gray Media; U2 bassist Adam Clayton; Terra Firma founder Guy Hands; British billionaire Jim Mellon, and Rothschilds TMT global head Warner Mandel.

In addition to working with leading US broadcasters, FastStream Interactive will partner with leading Smart TV and pay TV providers of USA and Europe to deliver engaging interactive TV channel experiences, including Roxi, on leading Smart TV and pay TV platforms.