TV4 Sweden chooses Viz One for World Cup video management
Bergen, Norway, January 23, 2014, Vizrt Ltd. (Oslo Main List: VIZ).
Vizrt Ltd. announced today a deal worth USD 464,500 for the implementation of media asset management (MAM) products with TV4 Sweden. The customer is already using Vizrt MAM systems, the new deal is an upgrade to those systems.
TV4 Sweden will upgrade their Viz Ardome system – an earlier generation of Vizrt’s MAM enterprise solution – to Viz One. Viz One will streamline the workflow by combining video management tools into one system that is accessible from any web browser. Viz One is an out-of-the-box solution, ensuring reliability and stability. A key factor in the selection of Vizrt was the open API available for Viz One, enabling seamless integration of third party products with the system.
Viz One will initially be used for TV4’s coverage of the 2014 World Cup in Brazil. Viz One will be used for video management during the tournament, and then rolled out for daily production at TV4.
“For any sports event, reliability is key, a demand met by Viz One. We deliver a high-performance system able to handle the complex demands a major tournament like the world cup puts on a broadcaster. We are pleased and proud that TV4 has chosen Viz One for this challenging production,” stated Martin Burkhalter, Vizrt CEO.
About TV4:
The TV4 Group is Sweden’s largest commercial broadcaster. The group’s portfolio includes more than 40 TV channels in the free-TV, basic cable and premium segments, 24 local stations in Sweden, and a number of online services, for example TV4 Play, where programs from the group’s different channels are available. For more information, visit tv4group.se.
Investor and media contact:
Martin Burkhalter / CEO / 41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / 47 5351 8040 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / 49 611 1745 398 11 schwarz@schwarzfinancial.com
About Vizrt:
Vizrt provides real-time 3D graphics, sports analysis and asset management tools for the broadcast industry – interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Copyright © Vizrt. All rights reserved. This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.