PLAINVIEW, NY--(Marketwired - August 30, 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 a new partnership with Nokia to deliver a professional solution utilizing the NeuLion® Digital Platform and Nokia's OZO virtual reality camera and OZO Player SDK.
Nokia OZO is a spherical camera that has eight sensors and eight microphones for seamless capture and post-production of immersive 3D 360 virtual reality content. Working with one of NeuLion's partners, NeuLion and Nokia recently captured a live event using OZO, which was positioned inside the arena.
"The camera placement in the arena provided a jaw-dropping immersive experience," according to Tarif Sayed, Director of Business Development for Live VR & the OZO Player SDK for Nokia. "We are excited to partner with NeuLion to provide their customers with an integrated solution to deliver 360 and VR experiences over-the-top."
NeuLion and Nokia will offer content owners and content rights holders an end-to-end jointly integrated platform. This integration will create a single stitched live video feed from OZO cameras sent directly to NeuLion MC Encoders for the live encoding of sports and entertainment events. The encoded stream will then be packaged and delivered by the NeuLion Digital Platform adaptively over the internet to end users on second screens and VR headsets.
"What makes NeuLion stand out is our focus on the experience we create for our customers as they build their OTT and TV Everywhere services," explained Roy Reichbach, President and CEO of NeuLion. "Now that live 360 video and virtual reality are hitting the mainstream, you need an end-to-end platform that includes production and delivery to make it happen. We are excited to be working with Nokia on this new capability."
NeuLion and Nokia will be demonstrating their integrated platform at IBC in Amsterdam Sept. 9-12. Nokia and NeuLion will be hosting an immersive video theatre at the NeuLion Booth located in Hall 14, #F.34 where attendees can view the results of recent productions using mobile devices and VR headsets. Visit www.neulion.com/IBC for more information and to schedule a time to meet.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators with MainConcept. NeuLion's robust consumer electronics licensing business enables its customers like Sony, LG, Samsung and other to stream secure, high-quality video seamlessly across their consumer devices. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
OZO is a first-of-its-kind professional VR tool that integrates eight cameras, all of which export a single file, thus eliminating the need for complicated rigs, wires, long setup times, and synching and swapping of separate memory cards. Designed to remove technical barriers so content creators can focus on being creative, OZO requires just one simple output cable and one single file to store all video and audio data, all in perfect sync. The OZO Software suite, included with the camera purchase, is a complete professional production package that includes OZO Creator, OZO Remote, and OZO Preview.
Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. www.nokia.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," 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 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, 2015, which is available on www.sec.gov and filed on www.sedar.com.
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