Destiny Media Technologies Launches Clipstream Video Cloud Service

The following Press Release was issued today by Destiny Media Technologies:

VANCOUVER, Dec. 4, 2013 /PRNewswire via COMTEX/ — Technology Expected to Change the Way Video is Delivered over the Internet

Destiny Media Technologies CA:DSY 0.00% (otcqx:DSNY), announced today the commercial launch of its Clipstream® video cloud service. Clipstream will enable any non-technical corporate user to upload videos that will play on all modern browsers including TVs, tablets, phones, ebook readers and computers devices. Users can access the service at Clipstream.com and my.clipstream.com.

“We are excited to introduce our new Clipstream Video Cloud Service,” said Destiny Media Chief Executive Officer, Steve Vestergaard. “Clipstream offers a number of technical and financial advantages to both corporate users and consumers. The technology reduces costs by eliminating the need to transcode into multiple video formats and the need to host multiple versions of the same video file on specialized video content servers. Because there is no need for player plug-ins, videos encoded via Clipstream ‘just play’ in any modern browsers and will reach up to 50% more users than current delivery methods. In addition, videos in the Clipstream format will not expire or need reformatting.”

Visitors to clipstream.com and my.clipstream.com are able to download the free uploader software and use Clipstream’s “drag, drop, and done” technology to upload their videos in a range of playing formats. The service automatically converts videos to the Clipstream format and uploads it to the cloud. Users will then receive a link that can be embedded into websites and/or distributed through email.

Customers may purchase Clipstream video cloud service packages, which include storage and transfer minutes, similar to a cell phone usage plan. Plans range in price from $4.99 to $4,999 monthly. An extra fee is charged for usage above the limits allowed. “We have priced our Clipstream packages to encourage users to upgrade their plans as their usage goes up over time,” explained Mr. Vestergaard.

“Our initial targets are broad-based content providers, including advertising agencies, marketing professionals and web developers. We are very excited about the prospects for our Clipstream service to disrupt the $5 billion transcoding and storage industries, and believe we are at the beginning of a significant growth stage for our company,” Mr. Vestergaard concluded.

About Destiny Media Technologies, Inc.

Destiny Media Technologies (DSY.V) (DSNY) provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company’s two major services are Clipstream and Play MPE®. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream, there is no player to configure or install, and videos never go obsolete. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com.

SOURCE Destiny Media Technologies, Inc.