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  • RTL Group acquires majority stake in programmatic video advertising platform SpotXchange

    RTL Group acquires majority stake in programmatic video advertising platform SpotXchange

    MUMBAI: RTL Group, the leading European entertainment network, today announced that it has signed a binding agreement with the current shareholders of SpotXchange, Inc. to acquire a 65 per cent majority stake in the Denver-based video advertising monetisation company. In addition to RTL Group’s initial investment of  US-$144 million (€107 million), the parties agreed on an earn-out component that might increase the initial consideration subject to the future performance of SpotXchange. Under the terms of the deal, RTL Group also has the opportunity to acquire the remaining shareholding in the future.

     

    The deal is subject to US competition authority approval and is expected to close by the end of August 2014. The investment is the next step of RTL Group’s strategy to become a leading player in all segments of online video and online video advertising. RTL Group becomes the first major broadcaster to invest in the rapidly growing market of programmatic online video advertising.

     

    Founded in 2007, SpotXchange was the first online advertising marketplace with an exclusive focus on video. Today, SpotXchange provides a comprehensive video advertising monetisation platform to hundreds of publishers around the globe such as The Atlantic, Hearst Corporation, Meredith Video Studios, Mail Online, NDN and Adaptive Media who use the platform to maximise revenue for their desktop, mobile and connected TV video advertising inventory while driving down operational costs. SpotXchange empowers publishers and their sales teams to operate in an ever increasingly complex digital ecosystem by providing innovative and industry-leading programmatic technologies that yield unprecedented transparency, insights and control over the buying behavior of today’s leading brands. Over one billion auctions for video advertising impressions are transacted through the SpotXchange platform daily, with ads delivered to 335 million people in over 100 countries per month. The company currently has 180 employees with headquarters in Denver, Colorado, and offices in several US and international locations. 

     

    Online video advertising is currently the fastest growing digital advertising segment, expected to grow globally at a Compound Annual Growth Rate (CAGR) of 24 per cent between 2014 and 2018. This growth is driven particularly by programmatic video advertising which is estimated to increase from US-$2.7 billion in 2013 to US-$15.4 billion in 2018 worldwide (CAGR: +42 per cent).

     

    Joint statement of Anke Schaferkordt and Guillaume de Posch, Co-CEOs of RTL Group: “Following our investments in non-linear TV services and in multi-channel networks on Youtube, RTL Group has already become the leading European media company in terms of online video views. The logical next step in our strategy is a structural move into the area of digital monetisation – improving our skills by adding innovative data- and technology-based competencies. SpotXchange is the perfect fit for RTL Group for such a move: it has a first-class management team that has built a leading, state-of-the-art platform for programmatic selling of online video advertising. With its impressive growth story and strong positioning in the United States, SpotXchange also represents a unique opportunity to enhance RTL Group’s presence in the world’s biggest and most advanced media market.”

     

    Joint statement from the two co-founders of SpotXchange, Michael Shehan (CEO) and Steve Swoboda (COO and CFO): “We are thrilled to be joining the RTL Group, a global leader in media and entertainment, and believe they are the ideal partner to help SpotXchange expand the reach of our comprehensive video ad monetisation services. This investment demonstrates RTL Group’s progressive vision and embrace of programmatic trading, ad serving and yield optimisation in the digital arena. The companies comprising RTL Group operate in a decentralised fashion which will allow SpotXchange to thrive and grow as the last independent digital video ad monetisation platform while providing significant opportunities through partnership with RTL Group’s leading European broadcast companies and top tier global content producers. Joining   RTL Group will present incredible benefits and opportunities for SpotXchange’s publishers, buyers and people.”

     

    Under the terms of the transaction, RTL Group will appoint three of five members of the Board of SpotXchange. Michael Shehan and Steve Swoboda will continue to manage the day-to-day operations of the company, reporting to its Board.

     

    RTL Group and the management team of SpotXchange have developed a joint growth plan to keep SpotXchange on its current growth path in the US and Asian-Pacific region, while simultaneously focusing on an accelerated roll-out in Europe.

    A presentation with more detailed information about programmatic online video advertising and about SpotXchange is available to download at http://www.rtlgroup.com/www/press_releases/20140731_RTL_Group_SpotXchange_Presentation.pdf

  • PVR Director’s Rare Label shortlists six films for release

    PVR Director’s Rare Label shortlists six films for release

    Mumbai: PVR Director‘s Rare label has shortlisted six films like Celluloid Man, Jai Bhim Comrade, Gulabi Gang, Songs of Mashangva, Spirit Unbound and Children of the Pyre for release.

    Celluloid Man: A Film On P.K. Nair by Shivendra Singh Dungarpur honours the contribution of P K Nair to disseminate film culture in India. Nair was the founder-director of the National Film Archive of India (NFAI), Pune. His efforts have resulted in a coveted collection of 12,000 films at the NFAI from a start-up of 124 films.

    The film, that was screened at the 39th edition of the Telluride Film Festival (TFF) in Colorado, USA, is scheduled to screen under the Real Reel Section of the 14th Mumbai Film Festival.

    Jai Bhim Comrade, by Anand Patwardhan, follows the music and the tradition of activism of the Dalits in India over 14 years. It won a Special Mention at the Dubai International Film Festival 2011 followed by an award at the 12th Mumbai International Film Festival for Documentary, Short and Animation films. It also competed at the 36th Hong Kong International Film Festival and screened at the Sheffield International Documentary Festival 2012.

    Gulabi Gang, by Nishtha Jain, traces Sampat Pal and the fiery women of her Gulabi Gang who take up the fight against gender violence, caste oppression and widespread corruption in Bundelkhand. The film will be screened under the Reflecting Images: Masters programme of the 25th edition of the International Documentary Film Festival Amsterdam. Gulabi Gang was awarded a $25,000 grant from the Sundance Documentary Film Program.

    Songs of Mashangva, by Oinam Doren, traces the music of the Tangkhul Naga and its return to the modern age: as Naga Folk Blues. The protagonist Rewben Mashangva travels through the villages of the Tangkhul Naga to talk to the old people and collect songs and instruments. The film won the 58th National Award for Best Ethnographic Film in the non-feature film category and was in competition at the 18th edition of the Lessinia Film Festival.

    Spirit Unbound by Tonmoy Saha is a musical that explores the independent music genre in the India. The film features lives of veteran and upcoming independent musicians in the country.

    Children of the Pyre, by Rajesh Jala, is a 2008 film that documents the lives of seven children working in extreme condition at the cremation ground in Manikarnika in Banaras. The film has been screened at more than fifty international film festivals.

  • NASA and HDNet announce HDTV broadcast partnership

    NASA and HDNet announce HDTV broadcast partnership

    MUMBAI: NASA and HDNet have joined together to provide high definition TV coverage of space shuttle launches through 2010. The agreement ensures the remaining shuttle lift-offs and landings at NASA’s Kennedy Space Center in Florida will be broadcast in the highest quality television format available.

    NASA administrator Michael Griffin and HDNet chairman and president Mark Cuban will discuss formal details of the agreement during a news conference on 6 April in Colorado.

    “We appreciate the financial investment and technical expertise HDNet has brought to the table to help us reach audiences interested in this next generation of television,” Griffin said.

    HDNet will broadcast the flights in high definition TV, known as HDTV, which has at least twice the resolution of standard television formats. HDNet also will provide the agency a standard broadcast signal of launches for use by media networks and NASA TV. When possible, it will air HDTV coverage of NASA’s expendable rocket launches on its network.

    “This is an exciting deal for HDNet. Every shuttle launch is a unique and historic American experience. For the next four years, the place to watch this full live broadcast experience in high-definition will be on HDNet. We are proud that NASA has partnered with HDNet for this important role,” Cuban said.