New OTT Service to Broadcast Global Sports Content to International Audience
Salt Lake City, Utah – Broadcast International(OTCQB : BCST) has been selected by Vünder Sports Network to deploy CodecSys as the core platform for its Over-The-Top sports network. The three year agreement includes a revenue share between the companies, estimated to be more than $500,000 over the life of the contract.
Vünder Sports Network is a global broadcasting company with exclusive rights to niche-sports programming. Subscribers can access live and previously recorded events, as well as adventure sports programming. Vünder has distribution rights to extreme and popular international sports including rugby, skiing, snowboarding, motocross, surfing and a host of other related content.
“There is a tremendous market opportunity to bring global sports content to targeted audiences around the world,” commented Matt Wunderli, CEO of Vünder Sports. “We aim to meet the growing demand for alternative sports programming by enabling fans of international sports to follow their favorite teams and sports that are not otherwise available. Our goal is to bring internationally popular sports to the local fan no matter where they live in the world”
“The CodecSys transcoding platform will provide the Vünder Sports Network with broadcast quality content at low bandwidth across multiple platforms including mobile devices,” said Steve Jones, General Manager of the Video Software Division at Broadcast International. “Utilizing the CodecSys transcoding technology allows Vünder to distribute its high-value content across its IP-based networks throughout the world more efficiently and cost effectively. This agreement gives us the flexibility to share in the rapid revenue growth of our customers”
About Vünder Sports Network
Vünder Sports Network (VSN) is an OTT/IPTV broadcaster that provides viewers to access international and extreme sports all in one location. VSN is redefining the sports world and how consumers are able to interact. By being a new digital HD sports channel, Vünder allows consumers to "Vü" their favorite international and extreme sports in the palm of their hand or on any device of their choosing. Vünder’s on-demand video is not only convenient but high quality and ever growing. VSN is A NEW DISRUPTION in a venture between media, sports and entertainment with the best technology available. http://www.vundersports.com
About Broadcast International
Broadcast International is a leading provider of managed video solutions, including digital signage, OTT (Over the Top) networks, IPTV, and live/on-demand content distribution for the enterprise. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of media applications, and offers unprecedented price/ performance benefits for existing applications such as HD video distribution.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.
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