Vizrt Opens Moscow Office - Nine Customers in the CIS Region
The Russian TV market is one of the fastest growing in the world. There are currently more than eighty channels available nationally through terrestrial and satellite broadcasting, as well as over 170 regional channels, and many of which are not yet digitized. TV advertising spending is undergoing a boom period of growth, currently worth around USD 2bn per year.
The Vizrt customer base in Russia is not only increasing, but Vizrt's established customers are also expanding their requirement for larger and more widely available graphics systems. These include VGTRK - the government owned All-Russian State Television and Radio Company - VGTRK is one of the world's largest public TV networks, reaching more than 96% of the Russian population, with over 90 regional stations across Russia.
In addition, Ren TV is one of Russia biggest private channels. Ren TV is Moscow-based, but has a national audience of 97 million viewers. 30% of the channel equity is owned by the German RTL Group. Having already bought Vizrt graphics equipment last year, Ren TV continued to develop its graphics output and has purchased another system this quarter.
Another major customer is NTV Design - the design arm of the huge NTV organization, the second largest TV network in Russia. Other Vizrt customers in Russia include RTTV, a 24 hour English news channel and TV Center, Moscow's local city TV channel. 1+1 Ukraine, part of the CME group (Central European Media Enterprises), has joined the Vizrt's customer list. The station is one of the leading private TV channels in Ukraine, reaching 95% of the population.
About Vizrt:
Vizrt is the world's leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects.
The Vizrt customer base in Russia is not only increasing, but Vizrt's established customers are also expanding their requirement for larger and more widely available graphics systems. These include VGTRK - the government owned All-Russian State Television and Radio Company - VGTRK is one of the world's largest public TV networks, reaching more than 96% of the Russian population, with over 90 regional stations across Russia.
In addition, Ren TV is one of Russia biggest private channels. Ren TV is Moscow-based, but has a national audience of 97 million viewers. 30% of the channel equity is owned by the German RTL Group. Having already bought Vizrt graphics equipment last year, Ren TV continued to develop its graphics output and has purchased another system this quarter.
Another major customer is NTV Design - the design arm of the huge NTV organization, the second largest TV network in Russia. Other Vizrt customers in Russia include RTTV, a 24 hour English news channel and TV Center, Moscow's local city TV channel. 1+1 Ukraine, part of the CME group (Central European Media Enterprises), has joined the Vizrt's customer list. The station is one of the leading private TV channels in Ukraine, reaching 95% of the population.
About Vizrt:
Vizrt is the world's leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects.
All Vizrt's graphics products are powered by a single core renderer, the unique and powerful Viz|Engine(TM). Vizrt's graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer.
The world's leading broadcasters, such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK as well as Production houses and Corporate institutions, including both the New York and London Stock Exchange, use the Vizrt's software suite. Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154.
For further information please refer to www.vizrt.com
Press contacts:
| Bjarne Berg | Ofra Brown | SCHWARZ Financial Communication |
| President CEO | CFO | Frank Schwarz |
| +47 9055 7711 | +972 54 4955225 | +49 611 2058 095 |
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.
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