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Televisa Expands Use of Onstream Media's User Generated Video Services
Aug 06, 2008 (10:08 AM EDT)
POMPANO BEACH, Fla., Aug. 6 /PRNewswire-FirstCall/ -- Onstream Media Corporation , a leading online service provider of live and on-demand digital media communications and applications, reported today that Televisa, the largest media company in the Spanish-speaking world, is expanding its multi-year business relationship with Onstream Media. Televisa is currently using Onstream Media's Digital Media Services Platform (DMSP) to facilitate the automated uploading, transcoding, hosting and streaming of user-generated video content within its Esmas social network portal. The new services will enable Televisa's audience to experience videos of increased quality as a result of applying higher bit rates, larger frame sizes, aspect ratios and improved codecs. Televisa is expected to use these high-quality video capabilities for new projects currently in development related to their Television production division.
Juan Bernardo Gonzalez Mendoza, Director of Technology of Televisa Digital, stated, "Onstream Media is one of our more important vendors, providing us with a solid and scalable platform for which we have grown our user-generated video business. The Esmas social network depends on the reliability and versatility of its integrated technologies to give our audience the best user experience possible. Onstream Media continues to meet our demanding requirements."
"Our business relationship with Televisa continues to grow," said Randy Selman, President and Chief Executive Officer of Onstream Media. "Our DMSP now supports hundreds of thousands of video views per day and has processed and delivered hundreds of millions of videos for Televisa and its various divisions since we began the service. We continue to innovate and improve our service offerings and as a result of both our ongoing development activities and recent technology acquisitions, we are able to continue to meet the expanding and changing needs of our major clients such as Televisa."
Grupo Televisa, S.A.B., is the largest media company in the Spanish-speaking world and a major participant in the international entertainment business. It has interests in television production and broadcasting, production of pay-television networks, international distribution of television programming, direct-to-home satellite services, cable television and telecommunication services, magazine publishing and publishing distribution, radio production and broadcasting, professional sports and live entertainment, feature-film production and distribution, the operation of a horizontal internet portal, and gaming. Grupo Televisa also owns an unconsolidated equity stake in La Sexta, a free-to-air television venture in Spain.
About Onstream Media:
Onstream Media Corporation is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user-generated content in combination with social networks and online video classifieds, utilizing Onstream Media's Auction Video(TM) (patent pending) technology. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Disney, National Press Club, NHL, MGM, PR Newswire, Televisa, BT Conferencing, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to, fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
CONTACTS: Onstream Media: Investor Relations: Chris Faust Brett Maas FastLane Communications Hayden Communications 973-226-4379 646-536-7331 firstname.lastname@example.org email@example.com
CONTACT: Chris Faust of FastLane Communications, +1-973-226-4379, firstname.lastname@example.org; Investor Relations: Brett Maas of HaydenCommunications, +1-646-536-7331, , both for OnstreamMedia
Web site: http://www.onstreammedia.com/