LiquidationTV, a new digital media streaming service, has announced it is seeking investors and an IPO.
The company’s chief executive, Steve Stirling, says it will be available to stream its content over the Internet in the next few months.
LiquidationTV will offer a number of content channels, including the popular news channel “LBC” and the local channel “Newstalk”.
Stirling says the content will be made available to users over the internet, on mobile phones and on other devices.
Stirling says Liquidationtv will not use the word ‘liquidation’, but it is a new term that is not yet fully defined by the law.
He says it is similar to a sale of a business, which is a voluntary transaction, with the seller agreeing to pay a sum in exchange for the property being sold.
Stirthling says the new company has been created to help people find out about their local businesses.
He said:Liquidation TV is about finding out about the businesses that are doing well, and then letting people buy into that and being part of that.
The business will continue to operate for the time being, and will operate on a very small scale.
Stirlings company, the world’s first digital media company, said the content on its website would be available in the UK and Canada, as well as in the US, Mexico, Spain, France and Germany.
Liquidations TV will be launching in the United States this week, but its UK and Canadian plans are not yet announced.