NeuLion, Inc., Is providing live and on-demand content and a leading provider of networking equipment enabler, today announced that it has completed the leading provider of next-generation digital video solutions, DivX company acquisitions. The total transaction at about $ 62.5 million.
As the global online video market is rapidly moving toward the development of 4K video and OTT services, the acquisition will push the combined company to the forefront of the world in this field. According to recent studies show FuturesourceConsulting expected 4K TV will begin rapid growth in 2015, to 2018 sales are expected to be more than 100 million, accounting for 38% of the TV market. With live and on-demand streaming media content security continued to digital platform, combined with NeuLion and DivX will bring in terms of technology platform or in the consumer experience in the field of leadership. After NeuLion management services and technology products combines DivX, NeuLion able to provide customers with more flexible options – whether they need to create and manage digital video platform in-house, or choose to authorize a fully integrated solution for managing the service.
After the merger, NancyLi NeuLion no longer serve as CEO, he was named executive vice president of the board of directors and is responsible for promoting the company’s technology vision. “From the desktop to mobile devices, to networked devices by providing an interactive watch live and on-demand content on a digital platform for the consumer viewing experience, NeuLion build a vocational and college sports events and TV Everywhere service platform series of the world’s most well-known brands, such as NFL, NHL, NBA, UFC, Rogers and CCTV, etc. “Ms. Li said,” With DivX many clients in the entertainment and consumer electronics, as well as its advanced 4K video technology products and a wide geographical coverage, our business scope will be expanded, and will be fully operational capacity upgrade. ”
DivX KanaanJemili former CEO of the combined company as CEO. Dr. Jemili said: “As a power consumer electronics devices and mobile platforms OTT services leading provider of next-generation digital video technology, DivX has licensed its technology to a wide range of global brands, including entertainment content providers, cable network operators and Consumer electronics manufacturers, etc., such as LG, Samsung, Toshiba and Hisense. The combined global footprint and precise positioning of the company, but also to strengthen our leading position in the fast growing 4K video and OTT services, will bring customers more revenue. “