Las Vegas, NV -- (SBWIRE) -- 12/03/2013 -- Destiny Media Technologies Inc (OTCMKTS:DSNY) proclaimed that it made a new Clipstream on November 29, 2013. Clipstream is a cloud service that facilitates the users to share and access videos simply through drag and drop function.
Destiny Media stated that Clipstream offers free encoder software that adapts the video to format of proprietary Clipstream video. Thus the video can be played in variety of browsers. The company is using transactional based revenue model for the new service. The company offers the software for free but there is a fee for using service beyond a set limit.
The company is currently making little income. The third quarter ended August 31, 2013 offered net income of $26,000.
Destiny Media Technologies, Inc. operates in Canada and London and offers services pertaining to digital media content distribution and its security over web. Its services are dependent on technologies of security, watermarking and playerless streaming media. Its product line is composed of Clipstream Legacy, Play MPE and Clipstream Generation 2.
To find out what OTCMAGIC projects for Destiny Media Technologies Inc for both short term and long term please click here: DSNY
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