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Sony Embeds NeuLion's DivX(R) CE Technology to Enable Live 4K Streaming Events and OTT Services
PLAINVIEW, NY --(Marketwired - January 06, 2016) - 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 Sony Visual Products will integrate NeuLion's DivX® CE SDK to deliver 4K live streaming powered by the NeuLion® Digital Platform on its 4K Ultra HD TVs.
The NeuLion solution for consumer electronics allows OEM customers to quickly deploy devices that can support 4K video streaming, including live OTT video services powered by the NeuLion Digital Platform. NeuLion delivers an end-to-end platform providing licensed software components as well as services that include content ingestion, encoding and management to content security, monetization, monitoring and analytics that streamline the content delivery process.
"As 4K OTT entertainment options such as live sporting events become more commonplace, we are pleased to partner with NeuLion to ensure a high-quality 4K live streaming experience on our 4K Ultra HD TVs," said Nick Colsey, Vice President of Business Development of Sony Visual Products.
"We are thrilled to work with Sony to deliver technology that enables a truly new video experience for consumers," said NeuLion CEO Kanaan Jemili, Ph.D. "With many live events from our content customers and the solutions to stream them in 4K to devices, NeuLion is the only company delivering the entertainment and the technology to make live 4K video possible."
Visit NeuLion at CES 2016 (Central Hall, Booth 15039 at the Las Vegas Convention Center) January 6-9, 2016 for a demonstration of NeuLion-powered 4K streaming on a 2016 Sony 4K Ultra HD TV.
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 including the NFL, NBA, World Surf League, Univision, NHL, Tennis Channel, MSG, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion 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.