Greece's Largest Telco OTE Selects On Demand Group to Manage On-Demand Television Service
LONDON & ATHENS, Greece--(BUSINESS WIRE)--
On Demand Group (ODG), a subsidiary of SeaChange International (NASDAQ: SEAC), will provide an outsourced video-on-demand solution to the Hellenic Telecommunication Organisation S.A. (OTE). OTE, Greece's largest telco with 5 million fixed lines and over 700,000 broadband customers, has plans to extend its service offering and roll-out IPTV services to its customer base.
U.K. based ODG is Europe's leading video-on-demand content acquisition and management partner to operators including one of Europe's largest cable operators, Virgin Media. ODG helped establish Virgin Media's TV on-demand service, which now serves 3.2 million homes, and has been actively expanding in Europe, working in the Spanish, Italian, German and Austrian markets.
"We are very excited to be working with OTE on its forthcoming VOD service in Greece," said Tony Kelly, Managing Director, ODG. "This deal with OTE meets our topline objective of expanding our business into new markets. It demonstrates our core competency of being able to bring compelling content services to market rapidly to give the operator maximum leverage over competition, and also utilizes our world leading skills for driving on-demand penetration and usage."
About On Demand Group and SeaChange
On Demand Group (ODG) is a wholly-owned subsidiary of SeaChange, specialising in the development and management of transactional television services. ODG provides customers such as Virgin Media, Kabel Deutschland, Unity Media, Telekom Austria and others with end-to-end content solutions, combining services management and technology with speed to market. In 1998 ODG launched the Front Row television pay-per-view movie service over the U.K. cable network which became the largest pay-per-view movie service outside of the U.S. with, to date, more than 45 million paid viewings and over GBP 115 million in revenue. In 2004 ODG formed FilmFlex, a video-on-demand (VOD), movie service with Sony Pictures and The Walt Disney Company as joint venture partners, which was launched over U.K. cable networks in 2005. ODG is Virgin Media's content management partner for their successful TV on-demand service, which is the largest on-demand service outside of the U.S. with over 36 million views per month.
SeaChange International is a leading provider of software applications, services and integrated solutions for video-on-demand (VOD), digital advertising, and content acquisition monetization and management. Its powerful open VOD and advertising software and scaleable hardware enable cable and telco operators, as well as broadcasters, to provide new on-demand services and to gain greater efficiencies in advertising and content delivery. With its Emmy Award-winning and patented technology, thousands of SeaChange deployments are helping broadband, broadcast and satellite television companies to streamline operations, expand services and increase revenues. Headquartered in Acton, Massachusetts, SeaChange has product development, support and sales offices around the world. Visit www.schange.com.
Source: SeaChange International
Released July 8, 2008