iConcerts Selects RRsat as Its Partner for Global Broadcast Requirements
April 02 2014 - 8:00AM
Marketwired
iConcerts Selects RRsat as Its Partner for Global Broadcast
Requirements
AIRPORT CITY BUSINESS PARK, ISRAEL--(Marketwired - Apr 2, 2014)
- RRsat Global Communications Network Ltd. (NASDAQ: RRST)
- Multi-year agreement totals $2.4 million in revenues
- RRsat to be single global supplier for playout and
distribution
- Deal builds on several successful years of partnership
RRsat Global Communications Network Ltd. (NASDAQ: RRST), a
leading provider of digital content management and global
distribution services to the broadcasting industry, announced today
that it has signed a multi-year agreement with iConcerts, the cross
media entertainment channel. The deal, which follows a successful
relationship between the two companies that has been in place for
more than three years, will see RRsat expand its role for iConcerts
to become the single global supplier for all of its playout and
distribution requirements.
iConcerts, which features the world's largest library of live
music concerts, music TV shows and documentaries, has used RRsat's
services for distribution solution for Asia and Africa via RRsat's
platform on the Measat-3A satellite. Under the new contract RRsat
will be providing iConcerts with an-end-to end solution including
playout services as well as distribution solution to Europe via
RRsat's platform on the Eurobird-9 satellite.
Mathieu Sibille, Group CEO of iConcerts, said: "iConcerts has
enjoyed a successful relationship with RRsat, and I am delighted
that we are able to extend this as we continue our global
expansion. The combination of RRsat's expertise, flexibility and
end-to-end solutions are instrumental to the global growth of
iConcerts. The simplicity of having everything supplied to us from
a single, trusted partner allows us to focus on our core business
and expand our audience."
Mathieu continued: "In addition to being a more cost-effective
strategy, working so closely with RRsat allows us to look to the
future and identify new potential technical solutions to increase
our revenue streams. We see RRsat as a long-term partner of choice
for all of our global distribution needs."
Lior Rival, Chief Commercial Officer of RRsat, said: "We are
very proud to have been selected by iConcerts to provide content
management and playout services in addition to global distribution
solutions. The extended and expanded partnership is a great
endorsement for RRsat, we are delighted to be part of iConcerts'
success and look forward to continue growing with them in the
future."
About iConcerts iConcerts, owned by Swiss-based Transmedia
Communications, is a pioneering cross-media entertainment channel
dedicated to live music. iConcerts features the world's largest
library of live music concerts, music TV shows and documentaries,
from best-selling contemporary stars to legendary performers like
Jimi Hendrix, Lady Gaga, Amy Winehouse and Bob Marley. iConcerts HD
has established itself as the first HD TV concert channel in
Europe, and since 2010, spread to Africa & Asia. The iConcerts
VOD services are available worldwide for all digital content
delivery platforms such as IPTV, web, OTT and mobile.
About RRsat RRsat Global Communications Network Ltd. (NASDAQ:
RRST) provides global, end-to-end, digital content preparation and
management, as well as content distribution services to the rapidly
expanding broadcasting industry, covering more than 150 countries.
Through its Global Network, composed of satellite, terrestrial
fiber optic capacity and the public Internet, RRsat provides
high-quality and flexible global content distribution 24 by 7
services to more than 630 channels reaching multiplatform
operators, Internet TV and direct-to-home viewers worldwide. In
addition, the company offers worldwide content management and
distribution services for sports, news and other live events. More
than 130 channels use RRsat's advanced production and playout
centers, comprising of comprehensive media asset management
services. Visit the company's website www.rrsat.com.
Information in this press release concerning iConcerts is
based on information provided by iConcerts and has not been
independently verified by RRsat.
Safe Harbor Statement This press release contains forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about the companies and the industry as of the date of
this press release. We undertake no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in our expectations, except as may
be required by law. Forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially from those contemplated by the forward-looking
statements, including the risks indicated in our filings with the
Securities and Exchange Commission (SEC). For more details, please
refer to our SEC filings and the amendments thereto, including our
Annual Report on Form 20-F for the year ended December 31, 2013 and
our Current Reports on Form 6-K.
Corporate Contact: Elad Manishviz CMO Tel: +972 3 9280808 Email
Contact Media Contact: Radi8 Creative PR for RRsat Tel:
+1 801 592 5575 Email
Contact
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