The SeaChange Framework Solution Enabling Content Owners & Providers a Complete OTT Streaming Platform with New Advertising a...
December 21 2020 - 8:00AM
SeaChange International, Inc.
(NASDAQ: SEAC), a leading provider of cloud based
video delivery platforms worldwide, equips Content Providers and
Owners with a cloud-based end to end OTT Streaming Platform, from
Content Acquisition to Delivery, for Direct To Consumer (DTC)
providers.
The SeaChange Framework offers best in class video back-office,
asset management for automated content curation, metadata
enrichment and quality control; user experience management with
client applications for STBs, Smart-TVs and mobile devices; and a
predictive analytics engine to increase viewer engagement and
provide valuable targeting data for advertising. This SeaChange
cloud solution enables rapid service launch with limited to no
infrastructure investment, utilizing a cloud growth strategy that
enables a pay as you go approach to scale.
Framework enables Targeted Dynamic Advertising in VOD and Linear
OTT content, simplifying your Ad Sale operations: from creative
inventory management, automated Ad Decision processing, full
Demand/Buy Side integration with the Digital Marketplace, through
the advertising revenue collection process, the SeaChange Framework
handles it all.
“Many SeaChange Content Owner customers across the globe are
using the Framework today to generate new advertising revenue
streams through the automated sale of their ad inventory.” said
Scott Apgar, VP Advanced Advertising. “Our unique solution which
provides our partners with a full-service streaming platform, both
Linear and VOD, by sharing in the revenue generated from offering
ad inventory to Digital programmatic exchanges is
groundbreaking.”
Contact: Luiza Medeiros-PintoSeaChange
International978-606-6461luiza.pinto@schange.com
About SeaChange InternationalThe
Video Delivery Platform Leader.SeaChange powers hundreds of cloud
and on-premises platforms with Live TV and Video on Demand for over
50 million subscribers worldwide. SeaChange’s End-to-End solution,
the Framework, includes all the necessary components to launch a
direct-to-consumer service. This includes back-office, media asset
management, ad management, analytics and a client application for
STBs, Smart-TVs and mobile devices. The SeaChange solution is
available as a product, SAAS and/or managed service, and can be
deployed on-premises, in the cloud and as a hybrid. For more
information, please visit www.seachange.com.
Safe Harbor ProvisionCertain statements in this
press release may constitute "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, as amended to date. Forward-looking statements
can be identified by words such as "may," "might," "will,"
"should," "could," "expects," "plans," "anticipates," "believes,"
"seeks," "intends," "estimates," "predicts," "potential" or
"continue," the negative of these terms and other comparable
terminology. Examples of forward-looking statements include, among
others, statements we make regarding the ability of the enhanced
Framework to identify users at risk of churning and for our
customers to utilize such information to launch targeted retention
actions, including the success of such actions; the overall ability
of the Framework to reduce subscriber churn and increase customer
revenues; the importance of understanding user behavior such as
channel lineup utilization, VOD catalog engagement, and promotion
effectiveness in improving the accuracy of advertising campaigns;
the ability of Framework to leverage other products to provide
scalable, cost-effective and compatible solutions and other
statements that are not purely statements of historical fact. These
forward-looking statements are made on the basis of the current
beliefs, expectations, and assumptions of the management of the
Company and are subject to a number of known and unknown risks and
significant business, economic and competitive uncertainties that
could cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements. Risks
that could cause actual results to differ include, but are not
limited to: the impact of COVID-19 on our business and the
economies in which we operate; the level of acceptance of the
enhanced Framework with our current and future customers; the
successful deployment of the Framework's new features; the
continued spending by the Company's customers on video solutions
and services; the manner in which the multiscreen video and OTT
markets develop; the Company's ability to compete in the software
marketplace; and other risks that are described in further detail
in the Company's reports filed from time to time with the
Securities and Exchange Commission (SEC), which are available at
www.sec.gov, including but not limited to, such information
appearing under the caption "Risk Factors" in the Company's Annual
Report on Form 10-K, as amended. Any forward-looking statements
should be considered in light of those risk factors. The Company
cautions readers that such forward-looking statements speak only as
of the date they are made. The Company disclaims any intent or
obligation to publicly update or revise any such forward-looking
statements to reflect any change in Company expectations or future
events, conditions or circumstances on which any such
forward-looking statements may be based, or that may affect the
likelihood that actual results may differ from those set forth in
such forward-looking statements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a5baa4a5-4fcd-462a-9535-284857821891
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