Tag: Brightcove

  • Canela Media expands Brightcove partnership for Hispanic streaming services

    Canela Media expands Brightcove partnership for Hispanic streaming services

    MUMBAI: Multicultural media firm Canela Media has deepened its partnership with video technology provider Brightcove to turbocharge its streaming platforms aimed at US Hispanic audiences.

    The expanded deal will see Brightcove’s Emmy Award-winning technology deployed to enhance Canela’s streaming capabilities, scale services and drive deeper audience engagement across its platforms that currently reach more than 60 million unique viewers.

    Canela Media, which has built a substantial content library of over 35,000 hours, has established itself as a significant player in delivering culturally relevant content to Hispanic viewers through its advertising-supported video-on-demand platform Canela.TV.

    “Brightcove is a leader in the space so expanding our relationship was a natural choice,” said Canela Media CTO Peter Gonzalez. “Their modular, API-driven architecture allows for scalable integrations that can quickly be brought to market as we expand our content offerings.”

    The media company is already leveraging Brightcove’s server-side ad insertion, video transcoding, and content distribution capabilities to widen its reach. Gonzalez highlighted that “speed to market is essential” and praised Brightcove’s “scalable and proven capabilities” for helping Canela add new features to its direct-to-consumer applications.

    Industry observers note that the Hispanic streaming market represents one of the fastest-growing segments in US media consumption, with advertising revenue expected to surge past $5 billion by 2026.

    Brightcove’s technology is engineered to help media customers engage audiences through reliable solutions that build subscriber loyalty and drive content monetisation. The company operates in more than 60 countries, providing intelligent video platforms that enable businesses to stream and monetise content more effectively.

    Canela Media’s ecosystem includes free streaming platform Canela.TV, which offers on-demand content and Live Channels featuring originals, music, children’s programming, sports, news, and an extensive library of telenovelas and classic Mexican films.

    The company also operates Canela Audience Solutions, a proprietary data solution that takes an OTT-first approach to identify Hispanic audiences across both English and Spanish-language streaming platforms.

  • Stuart Barnes quits Vimeo; joins Yospace as VP international sales

    Stuart Barnes quits Vimeo; joins Yospace as VP international sales

    MUMBAI: Stuart Barnes has been quite a mover and a shaker in the sales world of streaming video. Now he’s moving again. Back to (category leader in dynamic ad insertion) Yospace as VP of international sales in January.

    Says Stuart: “Yospace was where I started my video journey some 20 years ago and I’m looking forward to coming full circle!”

    Indeed he did. For nearly five years between 2003 and 2008. He then joined Bauer Media for another couple of years leading the Yospace product portfolio after it was taken over. Then followed a long journey of more than nine years at Brightcove – which was taken over by Bending Spoons recently – where he rose to become vice-president  new business sales, North America based in New York.

    Initially, he began working for Brightcove in London as regional sales director, northern Europe but he was steered to the US with American market responsibility and he stayed put with the company in New York as vice-president sales, account management, north America for six years.  He finally .moved back to the UK last year as vice-president sales and account management EMEA for BrightCove.

    But he decided to go back home to Yospace when the opportunity came calling.  At Yospace, Staurt is looking forward to working with CEO Tim Sewell  and the team there. 

  • Bending Spoons acquires streaming tech firm Brightcove

    Bending Spoons acquires streaming tech firm Brightcove

    MUMBAI: Streaming technology firm Brightcove today announced that it has entered into a definitive agreement to be acquired by an Italian mobile technology  company  Bending Spoons, in an all-cash transaction valued at approximately $233 million. Under the terms of the agreement, Brightcove shareholders will receive $4.45 per share in cash for each share of Brightcove common stock that they own. The per share purchase price represents a 90 per cent  premium over Brightcove’s 60-day volume weighted average share price as of the close on 22 November 2024, says a company press release.  

    The transaction is expected to close in the first half of 2025, subject to customary closing conditions and approvals, including approval by Brightcove’s stockholders, and the receipt of required regulatory approvals. Upon the completion of the transaction, Brightcove will become a privately held company and its common stock will no longer be listed on any public stock exchange. 

    “We are pleased to have entered into this definitive agreement with Bending Spoons, which represents the culmination of a comprehensive strategic review process led by our board of directors and with the support of our management team and advisors,” said Brightcove chairman Diane Hessan. “As the board considered the long-term path for Brightcove, we unanimously determined that this transaction represents the best opportunity to maximize the value of the business and deliver compelling, certain, and immediate cash value to our stockholders.” 

    Brightcove chief executive officer &  director Marc DeBevoise added: “Brightcove is a storied and successful enterprise SaaS leader with 20 years of history, 12 of them as a public company. We have been a pioneer and innovator in the streaming market, from the early days of video player technologies to the leading video-powered engagement platform we are today. Today’s announcement will enable Brightcove to leverage the technology and market expertise of Bending Spoons and best position Brightcove to continue to thrive in the streaming and engagement technology market.” 

    Bending Spoons CEO &  co-founder Luca Ferrari said, “We’re delighted to welcome Brightcove into the Bending Spoons portfolio. Brightcove is a trusted and respected name in the streaming technology space, and we look forward to serving its large global customer base. When Bending Spoons acquires a business, we do so with the intention of owning and operating it indefinitely. With this in mind, we’re excited about building on the strong work of the current team, and ensuring Brightcove thrives for many years to come.” 

    BrightcoveBrightcove provides customers  with the a scalable, and secure platform to deliver video.  It also provides  video interactivity to take audiences from passive to active, and beautiful live or on-demand experiences and insights  fueled by analytics that provide customers  clear and effective instruction on how to maintain, grow, and better engage  their audiences.

    Bending Spoons already owns products such as Meetup, EverNote, Remini, Splice, StreamYard, Issuu and WeTransfer which it has acquired over the past couple of years. It also has some celebrity investors such as Andre Agassi, Andrew Traggart, Chloe Zhao, Dude Perfect, Eric Shcmidt, Kerry Trainor, Maluma, Gabrielle Union, among many others. It claims to have 200 million monthly active users. 

    The company is also known to right size companies which it has acquired, according to online tech publication SiliconAngle. Reports are that Evernote laid off 129 of its 400 workforce, relocating the entire workforce to Europe. Bending Spoons also handed pink slips to 75 per cent of WeTransfer’s employees a few months after acquiring it.  

  • Brightcove predicts seismic shift in global streaming

    Brightcove predicts seismic shift in global streaming

    Mumbai: Brightcove has predicted a significant global shift in how brands, enterprises, creators, and influencers engage, influence, and interact as they emerge as producers with true agency and ownership of their distribution and platforms and not just creators of their content, according to Brightcove Inc.

    With video streaming increasing and the value of the market, according to Fortune Business Insights, set to top $1.6 trillion by 2029, the trusted leader in streaming technology is expecting significant changes, including diversification amongst creators and a shift to more engaged direct marketing models for content owners.

    Commenting on the same, Brightcove chief executive officer Marc DeBevoise said, “Platforms such as YouTube and Netflix have helped take the industry forward to where we are now, but we do not believe these aggregator platforms and services are going to be enough going forward.”

    “We see a fundamental shift to owning content, its distribution and monetization, and its distribution platform, with the development and release strategy to super-serve the most loyal and highest-value followers, customers, and fans. The internet and streaming have allowed all of these producers to have a more defined and controlled voice, truly own their digital future, and control how their stories are told. Brightcove calls this phenomenon the producer economy,” added DeBevoise.

    The producer economy is the concept that brands and creators can now have more control over content creation, distribution, and monetization by building robust, multi-channel businesses across multiple established platforms and creating their own direct-to-audience platforms for their deepest and most loyal users, adding control over their first-party data.

    Brightcove highlighted its key predictions for this emerging trend during Brightcove PLAY Season 1, a streaming experience that features over 30 episodes of unique expert insights on how businesses can leverage the power of streaming to grow their digital businesses and reach. These predictions include:

    •     Creators will seek broader distribution and new ways to monetize content, including working with and extending beyond existing aggregators and services. Creators will diversify to own their own capabilities in creation, distribution, and audience, creating their own direct-to-consumer channels, endpoints, sites, apps, and free ad-supported streaming TV (FAST) channels.
    •     All companies and brands with consumers or customers on the internet will embark on further digital transformation and expand their audience reach across various owned and controlled channels, utilising social networks and platforms.
    •     The streaming ecosystem will evolve to enable creators to become producers with the ability to create, upload, store, manage, distribute, own their own platforms, own their data, and measure their content at all times. 

    “The move from creator to producer is critical. We currently operate in a robust market for streaming, and we also know how rapidly things can change. Brands and businesses must be able to tell their stories and stream videos to audiences on all digital platforms, including their own and third-party platforms. If you’re not ready now as a company, you will need to be very soon, or you won’t have the consumers and customers you have today,” said DeBevoise.

  • Brightcove appoints David Beck as chief strategy and corporate development officer

    Brightcove appoints David Beck as chief strategy and corporate development officer

    Mumbai: Brightcove announced the appointment of David Beck as its chief strategy and corporate development officer. Beck will lead strategy, business development and corporate development for the company.

    Working closely with Brightcove CEO Marc DeBevoise, Beck will be focused on developing strategies that enhance current offerings and create opportunities to expand Brightcove’s existing businesses. His broad remit will also focus on enabling Brightcove to expand into new markets and lines of business utilizing its market-leading software platform.

    “We are excited to bolster our executive team with the appointment of David Beck as chief strategy and corporate development officer,” said Brightcove chief executive officer Marc DeBevoise. “David is an exceptional strategist and operator with deep industry experience and a proven track record of architecting innovative strategies and initiatives for world-class companies and brands. I’m excited to get to work with David and have him help us realize our vision and crystalize our continued growth strategy.”

    Beck brings two decades of experience in strategy, operations, and business development at elite digital brands, most recently having served as the executive vice president, head of content strategy and business operations at AMC.

    At AMC, Beck led the strategy to accelerate AMC’s streaming business model transformation, including its integrated linear, subscription video-on-demand (SVOD) (AMC+), and advertising video-on-demand/ free ad-supported streaming television (AVOD/FAST) services and partnerships for business-to-business (B2B) and direct-to-consumer (DTC) distribution.

    He also drove the modernization of its core operations across AMC, BBC America, Sundance TV, IFC, and WE TV. Prior to his time at AMC, David served as the EVP, corporate strategy and operations at WarnerMedia, and chief strategy officer of TNT and TBS. He is also the co-founder of advisory and investment firm BRAVE Ventures, acquired by Turner (now Warner Bros. Discovery).

    “Brightcove is an innovator and trailblazer in the video communications space, and I’m both energized and honoured to join the company at such an exciting time,” said Beck. “With a new CEO developing a focused vision, a fantastic team with building enthusiasm and ready to act, and a best-in-class technology platform to build on, I am incredibly excited to go after the opportunities ahead of us.”

  • BookMyShow launches global online streaming platform for live entertainment with ‘BookMyShow Online’

    BookMyShow launches global online streaming platform for live entertainment with ‘BookMyShow Online’

    KOLKATA: Continuing with its efforts to keep consumers entertained within the safety of their homes, BookMyShow, India’s leading entertainment destination today announced the launch of its online video streaming platform for live entertainment – BookMyShow Online. Having entertained millions of customers with multiple in-home virtual entertainment offerings on its platform, in the shadow of the COVID health crisis, BookMyShow’s latest feature is a response to audiences’ growing need for entertainment within their homes, for the present times.

    This is the latest in BookMyShow’s growing range of offerings, as the preferred discovery platform for all things entertainment. BookMyShow Online caters to the fast-evolving, ever-changing needs of entertainment lovers in India as also globally for customers using the platform across USA & North America, UK, Germany, UAE, South East Asia, and West Indies. BookMyShow’s new streaming feature as a virtual platform for viewing live entertainment has successfully hosted over 30 events at scale, including the first-ever global virtual tours of Latin musician Willie Gomez, Australian pop band The Buckleys as also American music artist Taylor Castro’s performances amongst others.

    BookMyShow Online is all set to host the first ever Virtual Music Festival in the country with the Sunburn Home Festival, – the virtual edition of Asia’s biggest electronic dance music festival. The festival will feature top DJs from across the globe in a never-seen-before avatar with 3D animations and special effects showcasing the virtual live experience of a music concert with end-to-end production of stage, lights, LED, lasers, special effects and more streamed live only on BookMyShow Online.

    With this, BookMyShow brings together all forms of entertainment, whether out-of-home or delivered at-home under its roof in keeping with its brand mantra – ‘It All Starts Here!’

    A global platform for virtual live entertainment, BookMyShow Online will be home to both paid and free performances across music, comedy, and other performing arts and will be an extension of the unparalleled live entertainment experiences produced and brought to the country by the entertainment company. BookMyShow Online aims to give consumers a seamless option to view live on-ground experiences from the comfort of their living room, or any location of their preference. 

    BookMyShow Online breaks all geographical barriers when it comes to live entertainment experiences, offering artists all over the world, an opportunity to stream their live performances directly on the platform, helping them reach and engage with millions of their fans in India and globally. The streaming feature will run across BookMyShow’s app and web platforms matching global capacity standards to host a smooth experience for scores of concurrent viewers at any given point.

    BookMyShow co-founder and director Parikshit Dar said, “Innovation has always been at the core of BookMyShow, riding on the strength of our product platform, technological expertise and data analytics to enhance the experience of millions of consumers. Sensing the shift in our users’ appetite for entertainment during this lockdown, we were agile enough to change tack by introducing virtual in-home entertainment offerings in India and other global markets. The resultant consumer engagement for such initiatives was phenomenal indicating a latent demand and an opportunity to serve seamless virtual live entertainment. Our latest video streaming platform BookMyShow Online was born out of this need to make virtual live entertainment, a friction-less and hassle-free viewing experience. The streaming platform was integrated into our native product within a few weeks and offers customisation, massive scale for concurrent viewing and complete security of content. We have, since, been successful in hosting multiple performances from across the globe on BookMyShow Online and are now thrilled to officially launch the service for our valued customers.”

    BookMyShow has partnered with Brightcove, the world’s leading video technology platform, as the underlying video streaming technology that powers the use case for the video platform BookMyShow Online. Brightcove’s underlying technology enables BookMyShow Online to deliver a reliable, high-quality streaming experience that is easily scalable as the platform’s audience size continues to increase.

  • Brightcove Signs agreement to acquire Ooyala’s online video platform biz

    Brightcove Signs agreement to acquire Ooyala’s online video platform biz

    MUMBAI: Brightcove, a global provider of cloud services for video, has announced that it has entered into a definitive agreement to acquire the online video platform (OVP) business of Ooyala, a provider of cloud video technology.

    It also includes acquiring video content management and publishing platform Backlot, Analytics, Live, and its underlying IP and associated patents. As part of the transaction, Brightcove will acquire substantial portions of Ooyala’s engineering, support, and sales staff, including the company’s Guadalajara, Mexico operations. It intends to take on all customer, reseller, and partner relationships utilised by Ooyala’s OVP business globally.

    Brightcove CEO Jeff Ray said, “Ooyala has tremendous global customers who understand the power of video and its ability to transform business and reach new customers. This transaction, which includes immediately growing our highly skilled and committed global workforce, accelerates our ability to deliver faster innovation and deeper support for all customers. We also will increase our market reach and further strengthen our ability to secure new business in key target markets. We look forward to welcoming Ooyala’s OVP customers and ensuring a smooth transition and a world-class experience for them.”

    Over the past 15 years, Brightcove has developed the most sophisticated online video platform in the market with solutions supporting media, entertainment, marketing, and enterprise spaces. Aspects of Ooyala’s technology will be integrated into the Brightcove platform to provide a more robust global offering for all customers.

    Ooyala  CEO Jonathan Huberman said, “We hold our customers’ success as paramount. Selecting Brightcove further demonstrates this commitment and ensures they will receive a world-class experience.”  

    The transaction is expected to close in the first half of 2019.

  • Indians don’t mind watching some ads if subscription fee is less

    Indians don’t mind watching some ads if subscription fee is less

    MUMBAI: Over the top (OTT) players have a lot to rejoice in India. A survey conducted by YouGuv and Brightcove has found that non-subscribers of OTT in the country show a higher consideration of opting for it here as compared to other APAC markets.

    Despite a small sample size, the survey found that 40 per cent of India’s internet users watch OTT – both SVOD and AVOD. An interesting tidbit that was thrown up was that the mere access to mobile and content was enough to drive OTT adoption in India while other markets require promotion and trials.

    Users are attracted to particular shows or movies and the availability to choose from international titles. The hunger for the latter is a key consideration for even non-users.

    The common myth that Indians are not ready to pay for content is not entirely true. To see lesser advertisements, 27.1 per cent of respondents are willing to pay a higher subscription fee. 18.5 per cent of them prefer to pay a higher subscription to enjoy seamless experience without any advertisements. It indicates that the inclination towards good viewing experience is increasing in India. However, amidst the positive scenario, free streaming services as well as existing paid TV subscriptions are barriers to OTT adoption.

    Niche content also plays an important role to attract subscribers for paid services. Speaking at an OTT summit, Brightcove Asia media head Greg Armshaw talked about FishFlicks, a client of Brightcove that offers recreational fishers, hunters, and 4×4 enthusiasts, access to more than 1,300 videos to meet subscribers viewing appetites. Niche content for relevant audiences is the trend rather than mass production. Opting for a hybrid model is also more monetising.

    “Brands last longer than messages, campaigns and identities. They build loyalty. People are falling in love or at least making an association with what you stand for and who you are versus what business you are in,” Syntropic Systems partner Alap Ghosh commented on the importance of brand building. As brand determines acceptability, despite having great content, some platforms have poor reach. He also mentioned the importance of ambient content and the demand for family-friendly content on OTT platforms. While technology is important, brands also need to know how much they want to engineer.

    Indian OTT players need to realise that while fresh content is surely needed, the appetite for movies, TV shows and international content will never be famished in India. These genres will be the ones to pull free users into subscription mode.

    Also Read :

    OTT experts discuss future of India’s hybrid market

    SonyLIV expands its English entertainment library for premium subscribers

  • The Quint India Selects Brightcove For Its Digital-First News Platform

    The Quint India Selects Brightcove For Its Digital-First News Platform

    MUMBAI: Brightcove (NASDAQ: BCOV), the leading provider of cloud services for video, today announced that its video platform has been selected by The Quint, one of India’s fastest growing news publishers, to manage and stream video content on its website, mobile apps and across social media channels.

    The Quint was founded in 2016 as a digital-first publisher catering to the millennial generation. During this time, The Quint has seen its traffic soar to 15 million unique visitors per day with users accessing content topics ranging from politics, policy, entertainment, sports, business, food, and pop culture. Video is a core part of The Quint’s content portfolio and user engagement strategy and it is both embedded throughout its articles and used as standalone content. The Quint monetises video with pre-roll advertising.

    “At The Quint, we cater to the millennial generation which is mainly mobile and digital-first. Video as a content type is highly effective at engaging our audience because it makes the hard- hitting news easy to digest. Our ambition is to deliver high-value journalism on digital platforms, which requires combining compelling content with the right technology to distribute and track readership and viewership,” Tushar Banerjee, head of product at The Quint, said. “The Quint selected the Brightcove video platform because of Brightcove’s proven track record of delivering the fastest and most seamless video experiences around the world – and particularly in India. With Brightcove’s local presence in India, the post-sales service has been top-notch, another critical factor for us in selecting Brightcove.”

    “It’s impressive to see the digital footprint The Quint has created in India in only a few years. The publisher has adopted a more visual approach in delivering the news in a way that matters to its audience while successfully leveraging video to engage its viewership,” Ben Morrell, general manager, Asia at Brightcove, said. “We’re proud to be a technology partner to The Quint to help the company realise its mission of conveying hard-hitting stories in a highly engaging manner, leveraging the Brightcove video platform to deliver exceptional video experiences to its massive user base.”

    About Brightcove

    Brightcove Inc. (NASDAQ:BCOV) is the leading global provider of powerful cloud solutions for delivering and monetizing video across connected devices. The company offers a full suite of products and services that reduce the cost and complexity associated with publishing, distributing, measuring and monetizing video across devices. Brightcove has thousands of customers in over 70 countries that rely on the company’s cloud solutions to successfully publish high-quality video experiences to audiences everywhere. To learn more, visit www.brightcove.com.

    About The Quint:

    The Quint is media with intelligence. The Quint is media for mobile consumption – quickly, visually and socially. The Quint is popular, digital journalism. It is a smooth blend of video, audio and text for the best and easiest experience. The Quint is hard news made easy. The Quint offers a modern, sharp take on the world, and guides people through topics ranging from politics, policy and entertainment, to sports, business, food and everything else that matters. A compelling combo of content, tech and distribution, we’re developing high-value digital journalism, storytelling, and advertising at scale. www.thequint.com

  • CDN players work for efficient content delivery experience

    CDN players work for efficient content delivery experience

    MUMBAI: Internet users in India are growing exponentially, riding on the back of cheap smartphones and low-cost data plans. By 2020, there will be 730 million internet users in India. This makes content delivery networks (CDN) crucial and the need to be efficient.

    In India, it’s a good time for CDN players to be in the market. The traffic growth is turning CDN into a necessity. While a major chunk of it is coming from tier III cities, rural areas where traditionally internet connection has not been good, Akamai media country sales manager Sandeep Reddy believes better in-depth optimisation can provide an enhanced experience to users at the fringes.

    “In India, we have been seeing massive growth. It’s poised to grow 30 to 35 per cent year on year. That’s one of the fastest growth you can see in the world,” Limelight Networks country head Gaurav Malik says.

    Several big CDN players provide added services. While some focus on fastest delivery of content, others highly emphasise on security to protect customer data. Along with digital growth, the CDN market also needs to ensure seamless viewer experience. If your content takes more than a few seconds to load, 50 per cent of the traffic is likely to bounce off. The need of the hour is faster delivery.

    Brightcove, a leading technology company in the field, started in 2004, has stuck to a B2B model since inception. Though it is not directly aligned to customers, the company’s obsession lies with end-user experience. Brightcove media head Greg Armshaw emphasises on the importance of fast delivery. Without claiming to be the fastest players, he says that engineers are working to focus on faster video loading and playing.

    Brightcove has its own proprietary software named Context Aware Encoding. “It’s a machine learning process where we examine the content of each frame of the video. We analyse based on past approvals and if we need to save more information about that frame,” says Armshaw.

    While cost of delivery is one of the biggest expenditures, Armshaw assures the company can save between 30-50 per cent of it with quality products. One of the features is to look at every frame, encode them and this allows for savings too.

    Among other CDN players and large competitors, he thinks this is one feature which adds value to Brightcove’s existence in the space. Recently, Young Hollywood reduced its operational cost using this technology. Its over the top (OTT) channel, Young Hollywood TV, realised a 23 per cent saving in storage and a 35 per cent saving in bandwidth.

    Despite the improvement in infrastructure, technological hurdles mar the outcome. One of the challenges, as Malik highlights, is that planned events can be executed better while unforeseen instances like the Ram Rahim row in Punjab can cause hassles. In case of these unplanned events, CDN can face a problem.

    With more OTT apps than ever, content discovery for users can be a challenge. Analytics can be the only way out to provide users with great recommendations by getting constant feedback of users’ experience. 

    Reddy thinks analytics can pave the way for good recommendation by analysing user habit. “Analytics is a growth area for understanding customers and harvesting information about people’s consumption,” Armshaw says.

    “Analytics of data is the core of any business, whether its OTT or not. That gives the visibility on what’s working and what’s not. It tells you how people are reacting and adapting to it so that you can improve, learn and improvise on that. It’s a constant feedback,” Malik adds.

    Reddy also mentions ‘deeper focus on analytics’ as one of the company’s new initiatives. “We have a tool called cloud test which helps to determine and understand user interaction with the site. End user performance monitoring is a big area of focus,” he says.

    CDNs are known to also be targets of piracy such as stealing of live stream and encoding it. However, some players believe streaming is not the primary root of piracy and creating a pay-worthy environment on platforms can curb the problem.

    To lessen the security threat also, CDN companies have various tools. While Limelight Networks uses a private network to manage everything across data centres, Akamai has a platform-based service to protect customers from attacks. The company also tries to provide smarter authentication protocols so that only legitimate users can avail the content.

    Content creators are churning out more to gobble and CDN players are there to provide users with better experience. But today, CDN companies are indulging in more services. The more good content and technology will go hand in hand, more users will be attracted to the digital content.

    Also Read :

    PTC Network embraces Amagi’s cloud technology for broadcast

    Isobar bags digital mandate for LIXIL water technology

    UC Browser Launches India’s first Women-only Mobile News Channel