Meet Group announces rollout of Tagged livestreaming on shared video platform
The Meet Group provided an update on its livestreaming video rollout and key video operating results. "We see momentum in video building," said Geoff Cook, CEO of The Meet Group. "We have begun the rollout of Tagged livestreaming on our shared video platform, and we expect to launch enhanced video monetization on Tagged next month. Additionally, we are ahead of schedule with our plans to bring live video to Lovoo, and we now expect to begin rolling out the feature in a phased approach starting in May. "What's more, we have been setting new all-time highs related to video engagement and monetization across The Meet Group's portfolio: The number of monetizing users continues to increase on MeetMe and Skout. In particular, the number of paid gifters increased 36% in March over February. Gifters buy virtual gifts for livestreamers. Video users as a share of mobile daily active users on MeetMe exceeded 25% for the first time ever last week. Total broadcast time across our shared video platform exceeded 4 million minutes for the first time this week, and total streaming time exceeded 10 million minutes.