NeuLion signs new multi-year agreement with Tennis Channel
New agreement expands relationship to include access to more live matches for more fans on more devices
PLAINVIEW, NY (June 22, 2015) NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that it has signed a new multi-year agreement with Tennis Channel, the only 24-hour programming network dedicated to tennis and the most established single-sport offering across television and the web. The companies have agreed to collaborate on expanding to new markets and additional devices, following the success of the 2015 French Open on Tennis Channel Everywhere and Tennis Channel Plus channels powered by the NeuLion® Digital Platform. The agreement extends the one reached between NeuLion and Tennis Channel in May 2014 to support the launch of Tennis Channel Plus at the start of last year’s French Open.
During this year’s tournament, Tennis Channel, the primary U.S. rights holder, gave fans an inside look at the action taking place each day—delivering 260+ hours of coverage, 140+ live matches and encore replays, and 120+ hours of nightly primetime show French Open Tonight, all powered by the NeuLion® Digital Platform.
"At this year’s French Open, we saw massive growth in year-over-year viewership on our digital platform and a tenfold increase in engagement, so we’re excited to extend our partnership with NeuLion," said Adam Ware, Tennis Channel SVP and Head of Digital. "The NeuLion® Digital Platform let us expand to more devices than ever before and build a new revenue stream by going direct-to-consumer with Tennis Channel Plus.”
Learn more about Tennis Channel's hybrid TVE/OTT model directly from Adam Ware, Tennis Channel's Head of Digital. Live broadcast starts at 1pm EST on June 22, 2015. Register now.
Leveraging tournaments such as the French Open, Tennis Channel has grown Tennis Channel Plus streaming subscriptions 400 percent year-over-year. On average, 25% of subscribers use the online service once daily, with 50 percent streaming video on their computers, 25 percent on tablets, 15 percent on media streamers Apple TV and Roku, 10 percent on mobile phones.
"This new multi-year agreement with Tennis Channel, is a clear example of our land and expand strategy whereby we add content, devices and markets to our agreements, building on our proven capabilities with our customers," said Dr. Kanaan Jemili, CEO of NeuLion. "The NeuLion® Digital Platform enables an OTT and a TV Everywhere experience, multiple monetization strategies, robust global rights management, and a superb viewing experience for consumers. We are proud to enable the delivery of features that are important to Tennis Channel and the best viewing experience to its fans.”
Tennis Channel is the only 24-hour programming network dedicated to both the professional sport and the tennis lifestyle. Tennis Channel Everywhere is a premiere live sports experience available for the web, Apple TV and Roku, and mobile (iOS and Android). It offers tennis fans live streaming of the Tennis Channel (free to Tennis Channel subscribers of participating TV providers), an on-demand library featuring full-length matches and original programming, and live streaming of an add-on OTT subscription network called Tennis Channel Plus .
Both Tennis Channel Everywhere and Tennis Channel Plus are powered by the NeuLion® Digital Platform, an end-to-end platform spanning content ingestion, encoding and monetization to content security and monitoring that streamline the content delivery process. The Platform facilitates the streaming of high-quality content up to 4K, including premium sports and entertainment, and has already been deployed across a rapidly growing number of OTT and TV Everywhere services through partnerships with the biggest brands in the world, including MLS, NFL, NBA, NHL, Univision and UFC, among others.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide. With the recent acquisition of DivX, LLC, the Company also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion's customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
Certain statements herein are forward-looking statements and represent NeuLion's current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words "will," "expect," "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX; our ability to successfully integrate the operations of DivX; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers' subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the "Risk Factors" section of NeuLion's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, which is available on www.sec.gov and filed on www.sedar.com.
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