PLAINVIEW, N.Y., April 21, 2017 (GLOBE NEWSWIRE) — NeuLion, Inc. (TSX:NLN), a leading technology product and service provider that specializes in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices, today announced that Nokia’s OZO Live and OZO Reality Platform, together with the NeuLion® Digital Platform, will offer joint customers complete end-to-end production, delivery, monetization and play-back of live and on-demand VR content to enable professional 360 VR streaming and delivery with unprecedented efficiency and quality.
NeuLion and Nokia will offer content owners and content rights holders an end-to-end, jointly integrated platform. This integration will send the single stitched live video feed from OZO Live to the NeuLion Digital Platform, for the live encoding of sports and entertainment. The OZO Reality platform, with the new efficient viewport-adaptive streaming software OZO Deliver and OZO Player SDK, will unlock new high quality experiences for NeuLion customers. The combination of OZO technologies and the NeuLion Digital Platform will enable professional 360 VR streaming and delivery with unprecedented efficiency and quality.
“We’re excited to continue to strengthen our relationship with NeuLion, a company with a reputation for superior technology, quality and service,” said Tarif Sayed, Head of VR Technologies for Nokia. “OZO Live is a real-time 3D 360 stitching software, running on reference hardware that delivers live virtual reality broadcasting at scale. Our OZO Reality platform, which brings together OZO Deliver and OZO Player SDK to enable the delivery of high quality VR experiences, is a great complement to the NeuLion Digital Platform.”
“A clear differentiator for NeuLion, and what we’re recognized for in the marketplace, is our keen focus on the experience we create for our customers as they build their OTT and TV Everywhere services,” said Roy Reichbach, NeuLion’s President and CEO. “With live 360 video and virtual reality going mainstream, it’s mission critical to have an end-to-end platform that includes production and delivery to make it happen. We are excited to be working with Nokia on this new capability.”
The combination of OZO Live and the NeuLion Digital Platform also offers VR content owners monetization features around the production and delivery of their content. VR Content rights holders can monetize content using any combination of business models to unlock VR revenues.
- VR Subscription Service
- Pay TV Authentication for VR Content
- Transactional Services through VR Pay-Per-View
- Mid Roll Ad Delivery in VR Content
- VR Content Electronic Sell Through via a Purchase Model
The partnership with Nokia also extends into App development. In 2016, NeuLion developed Apps resulted in over 30 million downloads for Apple and Google Play stores. NeuLion App development efforts will also include support for the OZO Player SDK, a full-featured, multi-platform software toolkit that allows for the quick and efficient building and publishing of VR app content.
A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/49107b55-71ed-4d39-9861-3c6cad6b6d69
NeuLion, Inc. (TSX:NLN) offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide, including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators through its MainConcept business. NeuLion’s robust consumer electronics licensing business enables its customers like Sony, LG, Samsung and others to stream secure, high-quality video seamlessly across their consumer devices. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
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 acquisitions of DivX and Saffron Digital; 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, 2016, which is available on www.sec.gov and filed on www.sedar.com.
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