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NeuLion's Agreement With China's Top TV Brand Helps to Enable Premium 4K Services on UHD Smart TVs
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 TCL Corporation has signed a new licensing agreement to integrate NeuLion's DivX® CE SDK in its newest line of Ultra HD televisions. The agreement is an important milestone that enables a superior OTT experience for live and on-demand secure 4K video streaming of immersive sports and premium content on TCL's UHD TVs.
The solution for consumer electronics (CE) allows IC and OEM customers to quickly deploy devices that can support 4K video streaming, including live video services powered by the NeuLion® Digital Platform. The NeuLion Digital Platform is 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. The platform delivers apps that facilitate the streaming of high-quality content up to 4K, including premium sports and entertainment content, on Smart TV and other platforms.
TCL has already achieved DivX HEVC Certification for personal and user generated video file-based playback up to 4K, and is among the first to announce support for the latest DivX SDK-joining NeuLion's other CE customers looking to feature premium 4K video services on their devices, complete with low buffering and interactive sports features.
"Our agreement with TCL Corporation helps to make 4K video content a reality for consumers by integrating support for NeuLion's DivX® CE SDK into a large footprint of televisions expected to ship globally," said NeuLion CEO Kanaan Jemili, Ph.D. "We're excited to enable TCL to deliver stunning quality 4K live video on their upcoming Ultra HD sets."
"As a leading television brand, it's important for us to integrate next generation technologies that deliver compelling new experiences to our consumers. We are excited to support NeuLion's DivX® technology and to continue working with NeuLion to integrate new services on our UHD TVs," said Warren Wang, General Manager of TCL Multimedia Overseas Business Center.
Founded in 1981, TCL Corporation (000100.SZ) is one of the largest consumer electronics enterprises in China. Currently it has three listed subsidiaries: TCL Multimedia (01070.HK), TCL Communication (02618. HK), and Tonly Electronics (01249.HK), with a diverse business portfolio covering LCD TVs, LCD panels, mobile phones, audio and video equipment, home appliances and lighting products. TCL is currently ranked No. 4 in LCD TV shipment, No. 5 in LCD panel manufacturing and No. 6 in mobile phone shipment on global basis. Starting from 2014, TCL is focusing its goal of building new customer-centered "product + service" business model, while pushing its transformation towards "smart + Internet technologies." TCL is committed to its new vision of "enriching lives of its customers by rendering products and services of ultimate experience." For more information, please visit www.TCL.com.
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 Deportes, 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.