PLAINVIEW, NY--(Marketwired - January 05, 2016) -
NeuLion, Inc.
(TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that the NeuLion® Digital Platform is powering Univision NOW -- a groundbreaking new direct-to-consumer over-the-top (OTT) service by Univision Communications Inc. (UCI), the leading media company serving Hispanic America.
Launched on desktop, smartphones and tablets, the live and on-demand multi-channel Univision NOW service offers live video streams of Univision's broadcast channels directly to consumers through a subscription service, complete with interactive features. The NeuLion Digital Platform is being used by UCI to deliver local and national feeds for the Univision and UniMas networks, including local feeds across several markets, a 72-hour live TV look-back feature, and a library of primetime video-on-demand content. Univision NOW is available for $5.99 per month or $59.99 per year.
After an extensive marketplace review, UCI selected the NeuLion Digital Platform to power Univision NOW. NeuLion's success in the market with sports and entertainment rights holders include Univision Deportes, Pivot TV, and a host of major sports brands, including the NBA, NFL, UFC, Major League Soccer and Tennis Channel.
NeuLion's video platform and services enabled and quickly brought to market a brand new streaming service for Univision. Out of the box, the NeuLion Digital Platform provides live ad insertion, TV Everywhere authentication, storefront customization with in-app purchases, and Nielsen, FreeWheel and Omniture integration. The platform supports adaptive streaming video with resolutions up to 4Kp60, the quality of which can be monitored in real-time with NeuLion's QoS dashboard showing connected users and devices by region, platform and device.
"NeuLion handled all the complexities inherent to launching an OTT service and got Univision NOW to market in record time," said NeuLion CEO Kanaan Jemili, Ph.D. "It's exciting to help this innovative broadcaster reach new viewers online with the popular live content the Univision NOW services provides."
"We looked at the major players in the video delivery space and selected NeuLion's platform to power Univision Now. Its turnkey solution is ideal for reaching our target audience on as many screens as possible with a great user experience," said Scott Levine, senior vice president, Product and Technology, Univision Communications Inc.
The NeuLion Digital Platform is an end-to-end platform providing licensed software components as well as services that include content ingestion, encoding and management to content security, monetization, monitoring and analytics that streamline the content delivery process. The platform facilitates the streaming and sharing of high-quality content up to 4K, including premium sports and entertainment content.
About NeuLion
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision, Tennis Channel, MSG, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion's customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
Forward-Looking Statements
Certain statements herein are forward-looking statements and represent NeuLion's current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words "will," "expect," "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX; our ability to successfully integrate the operations of DivX; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers' subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the "Risk Factors" section of NeuLion's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, which is available on www.sec.gov and filed on www.sedar.com.