Jay Samit is out as CEO at pay-TV video services vendor SeaChange. According to a company announcement deftly blended with its fiscal 2016 earnings release, company veteran Edward Terino has been tapped to take his place.
LAS VEGAS--MVNO ROK Mobile said it will offer all-you-can-eat video to customers in the first quarter of 2016. The company is teaming with OTT content management firm SeaChange to offer unlimited video service, including movies, TV series and curated content that is geared toward its key demographic group—multicultural millennials.
Five years from now, a viewer will turn on his or her television and see a host of content being offered that is tailored specifically to that individual. Not just a list of cable programs that are on, but a host of selections from TV programming to OTT content, to lifestyle and shopping recommendations-- all changing to suit the time of day or even the viewer's mood, so to speak. At least, that's what content providers want to happen.
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.