iConcerts Selects RRsat as Its Partner for Global Broadcast Requirements
April 02, 2014 --
AIRPORT CITY BUSINESS PARK, ISRAEL -- (Marketwired) -- 04/02/14 -- 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."
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.
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.
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