A company that calls itself Elite Stream has announced plans to launch an internet-based media streaming service to stream video content from Kodi, the open-source video streaming platform.
Elite Stream CEO Daniel Schmid says the service will offer high-quality streaming video with a minimum of bandwidth.
It will use an API to let developers build media-streaming apps.
Schmid says he plans to bring the service to Kodi, but has not yet announced pricing or availability.
He told TechCrunch that the service would be available to the public in the coming months.
The company will launch a service on Kodi called EliteStream Media, and is currently looking to raise $20 million.
The service is intended to bring a much higher quality of video and audio streaming to the platform than other streaming video services.
EliseStream Media’s initial goal is to deliver a $15 per month subscription to users of Kodi.
If it succeeds, the service could be launched to consumers within the next few months.
Schmelt says EliteStream has a lot of work ahead of it, but hopes to hit that $20 per month goal in the next two to three months.
The company says it will offer “the most reliable and most convenient experience to consumers and developers on Kodi.”
EliteStream Media says it’s aiming to reach an audience of users between 18 to 50 years old.
Schmut says he wants EliteStream to become the first Kodi streaming service that offers video streaming with no premium tiers.
That means EliteStream will not be competing directly with any of the other streaming services currently on the market, such as Hulu and Amazon Prime Video.
ElizeStream Media hopes to have a full version of EliteStream available by the end of this year.