The media industry is experiencing a paradigm shift. In the digital-first era, competitive advantage is driven by digital strategies. Media companies increasingly leverage IP technology to define new business models and tap into more audiences across over-the-top (OTT), digital, and free ad-supported streaming TV (FAST) platforms.
In a competitive and fragmented media landscape, media and tech players are aggressively targeting the streaming market to get a piece of the pie. High-value content still differentiates the winners from losers, but that’s not enough. Media organizations need to ensure that their business is future-proofed and that they can make the most value out of their high-profile content to boost their bottom line today and in the future.
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Red Hat began by providing software to run on Linux about 30 years ago. As the largest open-source company in the world, we believe using an open source development model helps create more stable, secure, and innovative technologies. Our portfolio is broader, including hybrid cloud infrastructure, middleware, agile integration, cloud-native development, and management and automation solutions for service providers.
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Previously, specialist, regional and niche content providers had very few options when it came to monetizing their content. Try and deliver it themselves, and the results would often mean spiraling costs and limited functionality for their audience. Buddy up with a big player who’ll do the heavy lifting, but realize there is a limit to the rewards they would reap.
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Despite the continuing growth in audiences for streaming content, the established broadcasters remain popular. Indeed, market predictions are that, while streaming services will gain viewers and revenue, traditional linear television will remain stable; Statista even suggests a slight rise in daily viewing hours.
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Tell us about the company – when it was founded, by whom and with what objective?
VisualOn was founded in 2003 by Dr. Yang Cai and Dr. Bill Lin in Silicon Valley to bring low-cost, high-quality, multimedia experience to more consumer devices through supporting the new video compression standard H.264 in software. It has since become the leading streaming media player solution provider most trusted by the top service providers in the world.
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COVID-19 impacted revenue drivers such the transition to 4K/UHD; the occurrence of major sports events; the acceleration of the transition to DTC models / Pay TV decline.
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Announcement of the Publish BaM Award® Winner from the IABM Awards Ceremony 2020.
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In this panel discussion, we examine the benefits and challenges of cloud economic models with Synamedia and Google Cloud.
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