Global Markets - Latest Developments
Themed as ‘Connecting India’, Exhibitions India Group is set to bring together the best minds in the ICT, media and entertainment ecosystem under one roof with the 23rd edition of Convergence India expo at Pragati Maidan, New Delhi from 21-23 January 2015. Exhibitions India Group (EIG) has been serving the Indian Information Communication Technology sector by organizing the annual International Convergence India series of expos since 1992.
A research report published by Media Partners Asia (MPA) indicates that the total market for online video services across 13 countries in Asia Pacific will grow from US$ 3.5 billion in net revenues in 2014 to reach US$12.4 billion by 2020, representing a average annual growth of close to 23.5%. Advertising will contribute more than 80% to the online video pie by 2020 with the subscription revenue opportunity, largely driven by subscription video-on-demand (SVOD) platforms, growing from less than US$700 mil. in 2014 to more than US$2.3 bil. by 2020.
Boeing [NYSE: BA] has completed production of the world’s first all-electric propulsion satellites for ABS and Eutelesat as preparations continue to launch the satellites, as a vertically stacked pair, next month.
The Boeing 702SP (small platform) satellites are affordable and lightweight, and provide more options for movement to different orbital positions. The 702SP is one of three new satellite designs Boeing has introduced in four years, the others being the 702MP and 502 Phoenix.
With the Middle East and North Africa (MENA) media market expected to grow from US$16 billion in 2014 to US$24 billion in 2019 according to Strategy & Analysis, CABSAT will examine the global impact of industry-evolving mega trends and highlight how regional companies can adopt products and strategies to drive monetisation and growth opportunities.
Telestream, a provider of live and on-demand digital video tools and workflow solutions, today announced that the private equity investment firm Genstar Capital has entered into a definitive agreement to purchase Telestream, Inc. The transaction is expected to close mid-January.
Orbcomm has completed the acquisition of SkyWave Mobile Communications (SkyWave), the largest M2M service provider on the Inmarsat global L-band satellite network. Based in Ottawa, Canada, SkyWave adds more than 250,000 subscribers, 400 channel partners, annualized revenues of over US$ 60 million and Adjusted EBITDA of over US$ 12 million.
NeuLion, Inc. (TSX: NLN),a provider of live and on-demand content to Internet-connected devices, has signed a definitive agreement to acquire DivX LLC, a provider of next-generation digital video solutions.
TICRA has acquired all rights to the software brand SATSOFT and will market the product as part of its portfolio of software for the satellite business. SATSOFT is used by engineers to quickly develop shaped beam and multi-beam antenna designs, assess antenna coverage and gain, conduct antenna trade studies, and perform other payload engineering tasks.
ARRIS International plc (NASDAQ: ARRS), the new parent company of ARRIS Group, Inc., today completed its US$ 2.1B (£1.4B) acquisition of Pace plc – combining the two companies' strengths in entertainment and communications delivery.
China's over-the-top (OTT) set-top box (STB) market started taking off in 2012 and enjoyed a 10-fold on-year growth in 2013, but the market started seeing decline in the third quarter of 2014 because of the China government's restrictions on OTT STBs and the issue could cause the market to see only around 20% on-year growth in 2014 according to Digitimes Research.
