NEW YORK--The media and entertainment industry is struggling with new ways to package their content for a younger, OTT-friendly audience. But most are getting in their own way by adhering to traditional TV business models. It especially dampens the effect that current technology could have on IP-based, over-the-top video.
Cable' over-the-top future has arrived. So says one of the pay-TV industry's leading technologists, SeaChange CEO Jay Samit, who told an NAB panel audience that the cable industry has already reached a "tipping point," which he defines as cable companies making more money delivering video through broadband than through their traditional cable systems.
Video tech companies SeaChange International and Concurrent Computer Corp. have teamed up to provide software and content delivery network technologies to what they term as a "leading North American video services provider."
Video software maker SeaChange International announced Monday that it will lay off 10 percent of its global workforce, resulting in the loss of about 70 jobs.
Video-on-demand technology vendor SeaChange International generated $35.6 million in revenue in its fiscal fourth quarter of 2014, down significantly compared to the $44.6 million in revenue that it posted this time last year.
SeaChange International said late Tuesday that it'll miss its revenue projections for the fourth quarter by more than $5 million, with the video-on-demand technology vendor blaming the shortfall on "delays in receiving anticipated orders from customers in the Americas along with continued delays in receiving some final acceptances."
SeaChange International said Wednesday that it struck a deal with ThinkAnalytics which will allow it to add a program guide recommendation engine to the multiplatform video software package that it sells to pay TV distributors.
Liberty Global said Friday that video-on-demand technology vendor SeaChange International and Cisco were on the list of cable technology providers that picked up awards at its 2013 "vendor awards" event in Amsterdam.
Multiscreen is as much a watchword as 4K at this year's International Broadcast Convention, but vendors Arris and SeaChange International are taking different tacks to attract operators in the European market.
Video-on-demand technology vendor SeaChange International said it generated $36.6 million in revenue in its fiscal first quarter of 2014, down $1 million from this time last year.