PLAINVIEW, NY--(Marketwired - September 08, 2015) - 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 the delivery of the US Open on CNTV 5+ VIP, China's digital premium subscription service for live and on-demand global sports events.
According to Pyramid Research, subscription video-on-demand services in China will rise to 28.3 million users and generate over US$1.2 billion in 2016. Pyramid Research states the main appeals of OTT video services in China include exclusive access to a wide range of content, including premium sports, real-time interaction during popular sports games, multi-screen access and OTT subscriptions at similar rates to basic cable TV fees.
CNTV 5+ VIP, powered by the NeuLion® Digital Platform, offers viewers throughout China an exclusive high-quality video experience across multiple devices with interactive touch points allowing them to dive deeper into the sports action with live stats, multiple camera views, real-time highlights, scores, chat and more.
"We are thrilled to stream one of the world's largest tennis events to viewers in China," said NeuLion CEO Dr. Kanaan Jemili. "Our technology and video infrastructure in China has allowed us to deliver a high-quality video experience for viewers throughout the country that are looking to consume global sports events including the Olympics, US Open, World Cup and more. China has been and will continue to be important to our corporate growth strategy."
CNTV agrees that NeuLion has been instrumental in providing the highest quality digital sports experience with CNTV 5+ VIP. As we add more global sports events, CNTV 5+ VIP continues to be the go-to destination for viewers to consume and interact with live sports on multiple devices. Both CNTV and NeuLion are thrilled with the success of the service and look forward to continuing to grow this digital platform in China.
The NeuLion Digital Platform is an end-to-end platform providing licensed components from content ingestion, encoding and management to content security and monitoring that streamline the content delivery process. The platform facilitates the streaming and sharing of high-quality content up to 4K, including premium sports and entertainment content.
NeuLion will be showcasing live demonstrations of its services at IBC 2015. Visit NeuLion in Hall 14 Stand F34.
NOTE TO EDITORS:To book a media briefing with NeuLion at IBC 2015, please contact Solange Jacobs Randolph at solange.randolph@neulion.com.
About NeuLion
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion's customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
Forward-Looking Statements
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" and 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 successfully integrate the operations 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, 2014, which is available on www.sec.gov and filed on www.sedar.com.
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