The SeaChange Framework Solution Enabling Content Owners & Providers a Complete OTT Streaming Platform with New Advertising and Subscription Revenue Streams
SeaChange International (NASDAQ: SEAC) announced its cloud-based OTT streaming platform, the SeaChange Framework, which supports content providers with an end-to-end solution for video delivery. The platform includes features such as video asset management, user experience management, and dynamic advertising options for both VOD and linear content. Scott Apgar, VP of Advanced Advertising, highlighted the platform's capability to generate new advertising revenue through automated ad inventory sales. SeaChange's technology is designed for scalability and can be deployed in various environments, aiding over 50 million subscribers globally.
- Launch of the SeaChange Framework enhances revenue generation opportunities for content owners.
- The platform supports dynamic advertising, increasing advertising revenue streams.
- Scalable and cloud-based solution allows for cost-effective deployment.
- Risks related to acceptance of the enhanced Framework by customers.
- Potential impacts of COVID-19 on business operations and customer spending.
WALTHAM, Mass., Dec. 21, 2020 (GLOBE NEWSWIRE) -- 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-Pinto
SeaChange International
978-606-6461
luiza.pinto@schange.com
About SeaChange International
The 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 Provision
Certain 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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