SOURCE: RR Media

RR Media

September 12, 2014 07:00 ET

RR Media and Harmonic Team Up to Explore Next Generation Virtual Media Management and Delivery Solution

Will Allow RR Media to Offer Fully Virtual End-to-End, Managed and Cost-Effective Media Services

AIRPORT CITY BUSINESS PARK, ISRAEL--(Marketwired - Sep 12, 2014) -  RR Media (NASDAQ: RRST), a leading provider of global digital media services to the broadcast industry, and Harmonic, the worldwide leader in video delivery infrastructure, have teamed up to offer next generation end-to-end converged media management and delivery services for broadcast and online media applications. This will utilize RR Media's infrastructure including media centers, networks, data centers and teleports and Harmonic's exciting, new VOS platform, enabling operations such as channel playout, media processing, file transcoding and content delivery over a fully virtualized IT environment.

The collaboration will allow RR Media to develop new service models that meet the rapidly changing requirements of global media customers due to the continuous proliferation of screens, demand for richer viewer experiences and the vital need for better content monetization. 

RR Media closely collaborates with key players to serve the broadcast industry as they look to the future for new ways to drive and benefit customers with the convergence of online video and broadcast media.

Ziv Mor, CTO & VP Business Development, RR Media, sees this as the next step in RR Media's evolution: "Moving from dedicated hardware infrastructure to more software and cloud-based solutions is the logical progression for RR Media as technology matures. Working with Harmonic puts us in the unique position to adopt next-generation virtualization technologies, allowing us to rapidly move to more regions and work for customers with more complex requirements.

"Being able to scale up quickly, offer content preparation, playout and distribution to any screen, anywhere in the world, means we can truly support our customers that operate in multiple territories and are looking for a simple, end-to-end solution. Our core business focus is enabling customers to focus on their needs, and by creating such flexible, software-based solutions we are making it easier for our customers to enhance their business."

Tom Lattie, Vice President, Product Management, Harmonic, adds: "We have worked with RR Media (RRsat) for over 10 years now, and with this additional partnership we believe we will be taking both our businesses to the next level by presenting joint managed services. Having listened to the industry and looked into what was required for broadcasters and content owners, we chose this model, which will meet the needs of many of our customers."

About RR Media
RR Media* (NASDAQ: RRST) works in partnership with the world's leading media players to create the richest possible media and entertainment experiences for the world's consumers. RR Media's complete ecosystem of digital media services maximize the potential of media and entertainment content, covering four main areas: smart global content distribution network with an optimized combination of satellite, fiber and the internet; content management & playout; sports, news & live events; and online video services. RR Media provides scalable digital media services to more than 650 channels, distributes over 100,000 hours of live events yearly and delivers content to 95% of the world's population reaching viewers of multiplatform operators, VOD platforms, online video and direct-to-home services. Visit the company's website www.rrmedia.com

* RR Media currently operates under the corporate name of RRsat Global Communications Network Ltd. The company is in the process of changing its corporate name to RR Media Ltd., which is scheduled to be completed in October 2014. 

Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including the risks indicated in our filings with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments thereto, including our Annual Report on Form 20-F for the year ended December 31, 2013 and our Current Reports on Form 6-K.

Contact Information

  • Corporate Contact:
    Elad Manishviz
    CMO
    Tel: +1 201 6557245
    Email Contact

    Ziv Mor
    CTO
    Tel: +1 201 6557245

    Media Contact:
    Champion Communications
    +44 (0)20 7637 2587
    Email Contact