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Harmonic Inc (NASDAQ: HLIT) is a global leader in video delivery technology and services, enabling media companies and service providers to offer high-quality broadcast and OTT video services worldwide. The company has also pioneered cable access networking with the industry’s first virtualized CCAP solution, allowing cable operators to deploy gigabit internet services to homes and mobile devices more flexibly.
Harmonic operates in two primary segments: Video and Broadband. The Video segment provides video processing, production, and playout solutions to a range of clients including cable operators, satellite providers, and telecommunications companies. The Broadband segment focuses on broadband access solutions and related services, with most of the company's revenue coming from the United States.
Recent achievements include showcasing AI-powered innovations at the 2024 NAB Show, emphasizing live sports streaming, targeted advertising, and broadcast distribution. Harmonic's VOS®360 portfolio, XOS media processor, and Spectrum™ X media server are leading the charge in enabling broadcasters and service providers to unlock new monetization opportunities and improve streaming experiences.
In corporate developments, Patrick Harshman announced his retirement as CEO effective June 2024, with Nimrod Ben-Natan set to succeed him. Ben-Natan has been instrumental in the development and deployment of the Company’s virtualized broadband technology. Harmonic's strategic direction includes a focus on profitable growth for its Video business and innovative advancements in broadband services, as demonstrated by its new Beacon intelligent speed maximizer application.
Harmonic continues to drive innovation in broadband and video delivery solutions, featuring its market-leading cOS™ platform, which supports over 28 million homes globally. The company aims to enhance user experience and optimize monetization strategies for live and on-demand content on every screen.
Harmonic Inc. (NASDAQ: HLIT) will release its first quarter 2023 financial results after the market closes on May 8, 2023. A live webcast discussing the results is scheduled for 2:00 p.m. PT on the same day. Participants can register for the webcast through Harmonic's Investor Relations website, and a replay will be available after 5:00 p.m. PT. As a leader in virtualized broadband and video delivery solutions, Harmonic continues to innovate in delivering ultra-high-quality services for media companies and service providers globally.
Harmonic has launched VOS360 Ad, a stand-alone server-side ad insertion (SSAI) SaaS, designed for targeted advertising in video streaming. The solution facilitates scalable, low-latency ad delivery, supporting multiple applications such as live sports and IPTV. With the capability to deliver over 250 million ad impressions monthly, VOS360 Ad enhances audience engagement and monetization. Notably, MSG Networks will utilize this technology for its MSG+ service. The product features advanced capabilities like dynamic brand insertion, geo-redundancy, and integration with various ad servers, bolstering Harmonic’s position in the video streaming market. Now available, VOS360 Ad will be showcased at the 2023 NAB Show in Las Vegas.
Harmonic (NASDAQ: HLIT) has partnered with MSG Networks to use its VOS360 SaaS for the upcoming MSG+ sports streaming service launching this summer. This collaboration aims to deliver exceptional video quality and targeted advertising capabilities, including dynamic brand insertion. VOS360 SaaS operates on a geo-redundant cloud basis, ensuring high reliability and scalability for MSG+ subscribers. MSG Networks anticipates improved monetization through advanced server-side ad insertion technology. Harmonic also announced the availability of VOS360 Ad SaaS as a standalone solution and will showcase innovations at the 2023 NAB Show in Las Vegas.
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