Ubiquity, Inc. (OTCBB: UBIQ) Soars on Huge Spinoff Announcement

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Shares of Ubiquity, Inc. saw a pop on Tuesday with gains as high as 25% in afternoon trading after the company announced big news. Ubiquity is planning to spinoff Ubiquity Studios, the company’s broadcasting studio business.

Ubiquity Studios is the home of SKEE TV, DJ SKEE’s flagship cable-TV show on Fuse, which gives viewers insider access to the hottest musical artists, athletes, celebrities and cultural tastemakers via exclusive interviews and live performances in 73+ million homes.

Ubiquity CEO Chris Carmichael said: “Our successful, long-term business development strategy for Ubiquity Studios has created new opportunities and growth for this business. Ubiquity Inc.’s Board is in agreement that the current success, and expected scale of the studio business warrant a separate strategy and the status as a stand-alone entity.”

Along with top-of-the line facilities and infrastructure, and current production services the Studios have top notch immersive virtual reality capabilities, and are in the process of developing mixed reality and holographic content.

Virtual reality services are growing in demand and this segment could be a huge driver of the facility’s growth.

“We are excited to have access to the incredible studios at Ubiquity, and look forward to using them to push the boundaries of content creation, including virtual reality,” stated DJ SKEE. The Studios are collaborating to integrate immersive virtual reality components for the broadcast. As part of this, SKEE TV is launching its first virtual reality programming with Vantage.TV, who most recently partnered with Coachella this Spring for Coachella VR.

Disclaimer: We have no position in Ubiquity, Inc. (OTCBB: UBIQ) and have not been compensated for this article.