RRsat Wins a Tender to Broadcast Duna TV, Hungarian Public TV Channel and Radio, to Americas and Australia
Contract Is for $1.2 Million With Potential Expansion to $2.5 Million
January 13, 2014 --
AIRPORT CITY BUSINESS PARK, ISRAEL -- (Marketwired) -- 01/13/14 -- RRsat Global Communications Network Ltd. (NASDAQ: RRST), a leading provider of comprehensive digital content management and global content distribution services to the broadcasting industry, announced today that it has been awarded a tender by Media Service Support and Asset Management Fund (MTVA), Hungary's public service media organization, to expand broadcast of Duna World TV channel and Duna World Radio worldwide. The tender will generate $1.2 million USD in revenues for RRsat with potential for expansion for an additional period and to $2.5 million overall.
RRsat will provide an end-to-end integrated broadcast solution for MTVA including media processing and preparation services such as content acquisition, closed caption service, EPG service and frame rate conversion, as well as distribution solutions to Australia and the Americas via RRsat's platforms on Optus D2, Galaxy 19 and Intelsat 21 respectively.
Duna World programming aims to strengthen the national identity of Hungarian people worldwide and to educate them regarding their cultural heritage and language. To effectively reach the emigrant populations in North America and Australia with content that is appropriate to the various demographics, the channel broadcasts in line with local time zones.
"RRsat is pleased to enable MTVA to reach Hungarian communities around the world with high quality television and radio programming," said Lior Rival, Chief Commercial Officer of RRsat. "The RRsat integrated broadcasting solution was built to allow broadcasters worldwide to expand their reach to new potential audiences, wherever they are, using our advanced technology platform for content management and content distribution that upholds the strictest standards of performance. We are delighted to help bring a slice of home to Duna fans worldwide."
"MTVA is excited to work with RRsat to broadcast Duna World and Duna World Radio to viewers and listeners in North America, South America and Australia in our initiative to expand our content globally," said Rita Lencsó, Chief Communication Officer of MTVA. "MTVA sought a highly professional and reliable broadcasting partner that would be able to provide all the media processing services we need, today and going forward. RRsat's comprehensive service offerings and global reach provide exactly what we need. We are impressed by their state-of-the-art facilities, outstanding track record and high quality customer list. We look forward to a long and successful partnership with RRsat."
Media Service Support and Asset Management Fund (MTVA) is an independent asset management fund established in 2011 that combines the assets of Hungary's public service media. MTVA supports the three public service media organizations: MTV, Duna TV and MR, and the National News Agency (MTI) by producing, commissioning and purchasing programs. With 2200 employees, MTVA is the largest media enterprise in Hungary. It leverages five television channels (M1, M2, M3, Duna and Duna World), eight radio channels, a complete national news agency and all their online sites to achieve its public service mission of providing globally relevant information, quality entertainment and cultural values to the public in Hungary and beyond.
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 MTVA is based on information provided by MTVA and has not been independently verified by RRsat.
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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, 2012 and our Current Reports on Form 6-K.
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