StockLogistics
2 years ago
5:14p ET 8/17/2022 - Dow Jones
"I am incredibly proud and grateful to get the increased opportunity to lead SeaChange into this new chapter", adds Mr. Klimmer. "With our world-class customer base, solidified financial performance, and state-of-the-art product portfolio, we have stepped up to support our customers with new and versatile video monetization strategies. I see significant opportunities for our Company based on our strategic direction and believe that we can create substantial value for our stockholders. This can be accomplished through a three dimensional growth strategy: (i) provide best in class customer support in our core business with our cable, telco, and satellite customers, (ii) build incremental recurring revenue streams through performance-based software solutions that drive ad revenues, and (iii) seek out strategic partnerships to accelerate growth. Execution of this vision is made possible by our pool of experienced business development, sales, and engineering talent across the Company. We are extremely well-equipped to dramatically expand our current market share in the growing global video streaming and advertising markets."
.58 cents a share on 8/17/22, 40% decrease in two months since the above statement. The last PR was 9/20/22. After consistent communication maybe they have a NDA on a big deal in the works, otherwise they appear to have fell asleep in their communications.
StockLogistics
2 years ago
“SeaChange to Power Streaming of the FIFA World Cup Qatar 2022™ for Grupo TVCable
September 20 2022 - 08:00AM
GlobeNewswire Inc.
SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms and emerging FAST (Free Ad-Supported Streaming TV services) development, today announced an expansion of the service portfolio for its customer Grupo TVCable, the leading cable provider in Ecuador, to support the streaming of the FIFA World Cup QatarTM 2022.
SeaChange’s Operator TV Platform for Linear Pay TV and streaming supports Grupo TV Cable in bringing World Cup games to their viewers through the streaming service Xtrim. The service will include highlights, interviews and background stories of players or teams in the tournament. The platform will maximize content monetization through flexible subscription packages and targeted advertising, retain existing and acquire new customers with the highest quality of service on all major device platforms, and increase user engagement with a unique live sports experience. The service is available on iOS, Android, Apple TV, connected TVs, Chromecast, Amazon Firestick and the Web. The Xtrim App features time shift television (TSTV) for quick catch up and restart capabilities so that fans will never miss a goal or the start of their favorite team’s game again. A key customized feature, developed by SeaChange for Grupo TVCable, is the enabling of a flexible system that allows an automated increase of the streaming infrastructure to handle large increases in subscriber load during the 2022 FIFA World Cup in Qatar.
“The FIFA World Cup is the single most important sports event in the world, and we are thrilled that we can bring to our fans and subscriber base the viewing experience that they expect and deserve,” said Daniel Coronel, COO at GRUPO TVCable. “By partnering with SeaChange, Grupo TVCable is able to strengthen its competitive position ahead of other sports streaming platforms in LATAM and worldwide, delivering over 90 Linear Channels to enable existing and new subscribers to experience world class football, propelled through a world class service.”
“We are incredibly proud that Grupo TVCable is entrusting us to help them monetize their World Cup rights, both through boosting Xtrim’s subscription offering and through ad insertion into the available inventory,” said Chris Klimmer, President at SeaChange. “With our Operator TV platform, we will provide a sports centric live streaming experience designed for the World Cup, a must-see event that attracts five billion viewers worldwide.”
About SeaChange International, Inc.
SeaChange International, Inc. (NASDAQ: SEAC) provides first-class video streaming, linear TV, and video advertising technology for operators, content owners, and broadcasters globally. The SeaChange technology enables operators, broadcasters, and content owners to cost-effectively launch and grow premium linear TV and direct-to-consumer streaming services to manage, curate, and monetize their content. SeaChange helps protect existing and develop new and incremental advertising revenues for traditional linear TV and streaming services with its unique advertising technology. SeaChange enjoys a rich heritage of nearly three decades of delivering premium video software solutions to its global customer base.
About Grupo TVCable
TVCable, the market leader of video delivery in Ecuador, is a telecommunications company that was founded on 100% Ecuadorian capital in 1986, providing bundled services including internet and telephone to enterprise market and beyond. Their service is widely spread over the whole country with state of the art access through Fiber optics. In addition, they launched their OTT service, Xtrim, powered by SeaChange International in 2020, a service that is now upgraded in preparation for the World Cup.
“
Chart opportunity for the SP begins near close of session today into maybe Tuesday open as 6 month consolidation completes, one of the first small cap tech to complete their consolidation while most have to wait till October 4-8th.
StockLogistics
2 years ago
“9:09a ET 9/12/2022 - Benzinga
DISH Media Partners With SeaChange And Beachfront To Launch National Linear Programmatic
First-of-its-Kind Real-Time Ad Sales Optimization
Providing advertisers flexible ad-buying across 7+ million households
Viant is the first Demand-side Platform (DSP) to utilize this new technology
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- DISH Media (NASDAQ:DISH) announced a first-of-its-kind solution enabling advertisers to access premium linear TV inventory through a real-time, programmatic buying model. The solution, National Linear Programmatic (NLP), will work across DISH TV's 7+ million households nationwide. NLP is enabled by Beachfront, the sell-side ad server built for convergent TV, and SeaChange International, Inc. (NASDAQ:SEAC), a leading provider of video delivery and ad insertion platforms.
"Pioneering this new capability is another step in our effort to build more open and interoperable solutions for our advertisers," said Kevin Arrix, senior vice president, DISH Media. "The television marketplace is evolving, and providing our valuable linear TV inventory via programmatic technology is another positive step in this direction."
NLP will enhance DISH Media's existing sales channels while presenting the demand-side with a more flexible, interoperable ad-buying solution, allowing marketers to buy in a more practical, scalable and efficient way. Benefits include:
Ability to expose linear inventory to be executed in real-time
Fully automated buy process for linear demand partners
Ability for demand-side to plan linear alongside their digital/over-the-top buys for a more holistic view and more control of their linear exposure
Provides a greater range of buyers access to linear TV
"Enabling new and incremental advertising capabilities for DISH TV with our Advanced Advertising Platform is a true milestone in our quest to optimize ad yield for operators globally. Adopting the principles of addressability and automation from the digital landscape to enable real-time auctions for linear TV through industry-standard digital advertising marketplaces is a gamechanger and a growth milestone for the industry," said Chris Klimmer, president, SeaChange. "Together with Beachfront, we will continue our mission to optimize ad yield for operators by attracting additional advertisers, enabling real-time bidding and automating ad sales."
"Having DISH TV deploy an automated solution is truly going to accelerate the growth of programmatic capabilities in the industry, particularly for TV media buyers, programmers and distributors," said Chris Maccaro, chief executive officer, Beachfront. "Advertisers are constantly looking for the fastest, most efficient use of time and money. Having access to DISH TV's national linear TV inventory with the tools required to get a campaign live in a day will provide a lot of new flexibility."
"This exciting new offering is a great option for digital-first buyers who want to expand their reach and take advantage of DISH's linear footprint," said Jonathan Ahuna, senior vice president of operations, Viant. "It delivers a one-two combination of being able to buy ads seconds before the ads' airing, then, through the power of Viant's Adelphic DSP, quickly report out on the buy, vastly reducing the traditional delay of linear reporting."
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.”
StockLogistics
2 years ago
“4:05p ET 9/12/2022 - Globe Newswire
SeaChange Reports Fiscal 2Q 2023 Financial and Operational Results
EQNX::TICKER_START (NASDAQ:SEAC), EQNX::TICKER_END -- Revenue of $7.3M for Fiscal 2Q 2023 was up 12% y/y and 9% sequentially
-- Gross Margin up 200 basis points y/y to 65% with execution on profitable growth
-- Attractive outlook with focus on streaming, digital advertising, and Connected TV
SeaChange International, Inc. (NASDAQ: SEAC), ("SeaChange" or the "Company") a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, today, reported financial and operational results for the fiscal second quarter ended July 31, 2022.
Fiscal Second Quarter 2023 and Recent Highlights
Management Commentary
"We have made great progress in the first half of fiscal 2023 in advancing our pursuit to becoming a leading technology provider that enables video distribution and monetization, while also generating improved financial results," said SeaChange's Chairman and Chief Executive Officer Peter D. Aquino. "We are continuing to grow our existing customer engagements, while expanding our services and offerings with new logos in high growth international markets that offer SaaS-based recurring revenue streams. We are leveraging our expertise in software engineering related to video and ad insertion services on Connected TVs and streaming devices. Additionally, we are encouraged by our continued revenue growth and positive non-GAAP operating income, which solidifies our platform for further market expansion through organic growth, and potential strategic alternatives to gain scale."
Fiscal Second Quarter 2023 Financial Results
-- Ended the second quarter of fiscal 2023 with cash and cash equivalents of $14.3 million and no debt.”
StockLogistics
2 years ago
They might want to say when this will occur and how they will profit from it, and no one understands what they are talking about or how many people might use it other than people who use a Metaverse possibly, and those people aren’t investing anything but their time in a Metaverse when they could buy things off the internet and watch video on the internet:
“The first commercial application of the partnership will be to deploy Source(TM), a connected TV enabled network designed for consumers in the OTT and metaverse space, leveraging Source Activated Moments and SeaChange StreamVid(TM) platform, a software-as-service (SaaS) designed to seamlessly allow content owners to publish, distribute and monetize all types of content across all device platforms, including connected TVs.”
StockLogistics
2 years ago
“The acquisition of Fangage is expected to close in the second quarter of 2022, subject to the satisfaction of various closing conditions.
Triller recently entered into a definitive merger agreement with SeaChange International, Inc. (NASDAQ: SEAC). If the transaction is consummated, the combined company will be named TrillerVerz Corp. Its Class A common stock will be listed on Nasdaq.
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About Triller:
Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform launched by Swizz Beatz and Timbaland; Amplify.ai, a leading customer engagement platform; FITE, a premier global PPV, AVOD, and SVOD streaming site; and Thuzio, a leader in B2B premium influencer events and experiences.
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Your fans. Your platform. Fangage is the all-in-one solution for creators to create their own platforms, reach 100% of their fans, and host & sell exclusive content & memberships. We empower creators to build their own platforms, take back control of their fanbase, increase fan engagement, and make more money from their passion.
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