Archive for the ‘broadcast technology market research’ Category

Download New Report: IBC 2016 Media Technology Industry Analysis

Analysis, broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, technology trends | Posted by Josh Stinehour
Sep 09 2016

As the 2016 IBC Show kicks off in Amsterdam, Devoncroft Partners has published a 100+ page overview of recent developments in the broadcast and media technology sector.

A link to the download the report is available at the bottom of this page.

ibcshow-frontpage

The analysis reflects recent discussions we’ve had with executives at media companies, service providers, and technology vendors.  In particular, the presentation includes perspectives on the following,

  • Media Revenue Models Transitioning
  • Investment in OTT Technologies, Services
  • Invesotr Concerns on Media Industry Transition
  • Continued Media Restructuring
  • Media Technology Industry Market Performance 2009 – 2015
  • Technology Vendor Results in 2016
  • Market Catalysts in 2016
  • Sector Expectations for 2017
  • Review of Technology Trends, Project Deployments
  • Considerations for Future Media Technology Architectures
  • Implications of Market Developments on Technology Vendors

 

We welcome feedback, comments, and questions on this report.

If you would like to schedule a meeting at the IBC show, please let us know as soon as possible.  We have limited availability remaining.

We hope to see you in Amsterdam.

 

Please click here to download a PDF copy (10 MB) IBC Show 2016 – Observations and Analysis of the Media Technology Industry from Devoncroft Partners (registration required).

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

 

 

Media Tech Vendor M&A: Blackmagic Design Acquires Ultimatte

broadcast technology market research, Broadcast Vendor M&A | Posted by Joe Zaller
Sep 09 2016

Blackmagic Design today announced it has acquired blue and green screen Ultimatte.

Terms of the deal were not disclosed.

Ultimatte was founded in 1976 and has won an Emmy for their realtime compositing technology, a Lifetime Achievement Award from the Academy of Motion Picture Arts and Sciences, as well as an Oscar.

Ultimatte is known worldwide for delivering broadcast quality compositing results that make virtual sets indistinguishable from real sets. Ultimatte creates realtime blue and green screen removal hardware that is used in broadcast studios around the world to seamlessly composite reporters, talk show hosts and more into virtual sets. Almost every newscaster and weather reporter stands in front of a green or blue screen while delivering the news and weather. For the past 40 years, Ultimatte has been the industry standard hardware or software responsible for keying these people in front of weather maps, stock charts, and other info graphics. In fact, many of these newscasters are using Ultimatte to place them into completely virtual sets.
Ultimatte uses advanced 4:4:4:4 image processing and provides enhanced matte controls that lets customers accurately separate the subject from the background. Customers also get matte correction features, indirect and direct lighting features, spill suppression tools, edge artifact controls and more, all in realtime.
“Ultimatte’s realtime blue and green screen compositing solutions have been the standard for 40 years,” said Grant Petty, Blackmagic Design CEO. “Ultimatte has been used by virtually every major broadcast network in the world. We are thrilled to bring Ultimatte and Blackmagic Design together, and are excited about continuing to build innovative products for our customers!”

 

Interested in Updated Market Sizing Data on the Media Technology Sector, Join us for a Webinar Tomorrow (8/31)

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, market research | Posted by Josh Stinehour
Aug 30 2016

This Wednesday (August 31th) IABM DC is holding a brief webinar where Devoncroft’s Joe Zaller will review findings from the updated 2016 IABM DC Global Market Valuation Report (GMVR), the definitive reference on market sizing, segmentation, and forecasting for the broadcast and media technology sector.  IABM DC Logo and GMVR Cover Image

IABM DC is a 50/50 joint venture between Devoncroft Partners and IABM, the industry trade association that advocates on behalf of media technology suppliers worldwide.

In addition to a summary of key findings, the webinar will provide an overview of the vendor initiative supporting the GMVR, the technology segmentation underlying the report model, and the deliverables available for purchase.  For the 2016 edition the GMVR initiative continued to benefit from direct participation from a substantial number of vendors and service provider.  Partners to the report initiative provide data submissions (under strict confidentiality) on actual and project revenue.  This data is then anonymized and used to create the most comprehensive and authoritative reference on current and future market sizing for the sector.

The 2016 edition of the GMVR contains market sizing figures for historical years beginning in 2009 along with forward projections thru the 2019 calendar year.  A more detailed description of the GMVR is available from the report initiative website (www.iabmdc.com).

The webinar will begin at 8:00 am US PT (11:00am US ET / 5:00pm CET).  You can sign up for the webinar at the following website.  All interested parties are welcome to attend.

 

Should you have any detailed questions on the GMVR, please email us.

We hope you are able to join the webinar this Wednesday (8/31).

 

Related Content:

Sign up for Webinar

 

 

© Devoncroft Partners 2009-2016. All Rights Reserved.

 

2016 Big Broadcast Survey (BBS) Reports Now Available

broadcast technology market research, Broadcast Vendor Brand Research, market research | Posted by Josh Stinehour
Jul 21 2016

The 2016 Big Broadcast Survey (BBS) Reports are now available.

We have been publishing the BBS Reports since 2009.  Each new edition is created through several months of research, including interviews with technology end-users, global surveys of technology decision makers, analysis of the end-user responses, and visualization of the data collected.  Now in its eighth year of publication, the BBS remains the most comprehensive annual study of technology end-users in the global broadcast and media technology industry.  Nearly 10,000 technology professionals in 100+ countries participate in the BBS each year, making it the largest market study of the media technology industry.

Based on feedback from technology vendors, media companies, and investors, we have updated the vendors, product categories, and market trends profiled in the 2016 BBS to better align with recent market developments.

Select updates include the global tracking of IP Standard Adoption, a product level review of the 4K upgrade cycle, and planned usage of programmatic advertising exchanges.

The continual updates over the past eight years have helped the BBS reports remain a critical reference for industry executives to improve strategic decision-making, customer engagement, marketing strategy, product planning, and sales execution.  In addition to technology vendor and service provider strategic planning, BBS reports are also used frequently for M&A and investment activities by both buyers and sellers.

Three types of 2016 BBS reports are available:

  • 2016 BBS Global Brand Reports: provides deep insight into how each more than 100 broadcast technology suppliers (see full list below) are perceived by market participants, along with comprehensive benchmarking of broadcast technology vendors on a wide variety of metrics
  • 2016 BBS Product Reports: provide detailed information from buyers, specifiers, and users of broadcast technology products in 32 separate categories (see full list below)
  • 2016 BBS Global Market Report: provides detailed information about industry trends, major projects being planned, products being evaluated for purchase, current and future plant infrastructure, broadcast technology budgets, and planned deployment of new technologies including 4K, HEVC compression, and IP-based technology infrastructure

 

For additional information on the 2016 BBS report, please call or email me.

As is Devoncroft’s custom, we will publish highlights from this year’s BBS reports on the Devoncroft website.  These articles are posted on a semi-regular basis, so please check back often.

To receive posts when published, please enter register with your email in the box in the upper right-hand corner of the page.

The below table of logos (in alphabetical order) lists the technology vendor brands covered in the 2016 BBS.

2016-BBS-Logos

 

Technology Product Categories & Vendor Brands Covered in the 2016 BBS, by Application Area

 

Acquisition & Production:

ENG Cameras

Canon, Hitachi, Ikegami, JVC, Panasonic, Sony

Large Format Single Sensor Cameras

ARRI, Blackmagic Design, Canon, Red, Sony

Production Switchers

Blackmagic Design, For-A, Grass Valley, NewTek, Panasonic, Ross Video, SAM, Sony

Studio / System Cameras

Grass Valley, Hitachi, Ikegami, JVC, Panasonic, Sony

 

 

Post Production: 

Graphics & Branding

Adobe, Autodesk, Avid/Orad, ChyronHego, Evertz, Grass Valley, Imagine Communications, Ross Video, Vizrt

Video Editing

Adobe, Apple, Avid, Blackmagic Design, EVS, Grass Valley, Imagine Communications, Sony

 

 

Content Communications and Infrastructure:

Bonded Cellular

Dejero, LiveU, Teradek, TVU

Routing Switchers

Blackmagic Design, Evertz, Grass Valley, Imagine Communications, Ross Video, SAM, Utah Scientific

Signal Processing / Interfacing / Modular

Aja Video, Axon, Blackmagic Design, Evertz, For-A, Grass Valley, Imagine Communication, Ross Video, SAM

Video Transport

Aspera, Cisco, Ericsson, Evertz, Harmonic, Imagine Communications, Lawo, Media Links, Net Insight, Nevion, Riedel, Signiant

 

 

Storage:

High Performance Shared Storage:

Avid, Harmonic, Hitachi, HPE, Isilon Systems/EMC, NetApp, Quantum

Playout / Transmission Servers

Avid, EVS, Grass Valley, Harmonic, Imagine Communications, Ross Video

Production Servers

EVS, Grass Valley, Harmonic, Rohde & Schwarz, SAM

 

 

Audio:

Audio Consoles

Avid, Calrec, Lawo, Salzbrenner Stagetec, Solid State Logic (SSL), Soundcraft, Studer, Wheatstone, Yamaha

Audio Processing & Monitoring

Adobe, Avid, Dolby, Linear Acoustic, RTW, TSL, Wohler

Intercom / Talkback

Clear-Com, Riedel, RTS Intercom Systems, Trilogy

Microphones

AKG, Audio-Technica, beyerdynamic, Electro Voice, Marshall Electronics, Neumann, Schoeps, Sennheiser, Shure, Sony

Monitors (speakers)

Adam, Avid, Focal, Genelec, JBL, KRK Systems, Mackie, Neumann, PMC,

 

 

System Automation and Control:

Broadcast Business Management Systems

arvato/S4M, Imagine Communications, MediageniX, MSA Focus, SintecMedia, Wide Orbit

Archive & Archive Management

Masstech, Oracle/Front Porch Digital, Quantum, SGL, XenData

Media Asset Management

arvato/S4M, Avid, Dalet, EVS, Imagine Communications, Prime Focus Technologies, Vizrt, VSN

Playout Automation

Grass Valley, Imagine Communications, Pebble Beach, Playbox, Snell

Workflow Orchestration / BPM

Aspera, Avid, Imagine Communications, IBM, Sony, Telestream

 

 

Playout and Delivery:

Encoding / Transcoding

Arris, ateme, Cisco, Dalet/AmberFin, Elemental Technologies, Ericsson, Harmonic, Imagine Communications, Telestream

Integrated Playout (Channel in a Box)

Evertz, Grass Valley, Harmonic, Imagine Communications, Pebble Beach, Playbox, SAM

On-line / Streaming Video Delivery Platforms

Brightcove, Kaltura, Neulion, Ooyala, Piksel

Transmitters

GatesAir, Hitachi, NEC, Plisch, Rohde & Schwarz, Screen Service, Toshiba

 

 

Test, Quality Control and Monitoring:

Multiviewers

Avitech, Axon, Evertz, For-A, Grass Valley, Imagine Communications

Test & Measurement

Imagine Communications, IneoQuest, Leader, Phabrix, Rohde & Schwarz, Tektronix

 

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

 

 

Vitec Group has Positive Start to 2016; Set to Benefit from Weaker GBP

Analysis, broadcast technology market research, Broadcaster Financial Results | Posted by Josh Stinehour
Jul 01 2016

The Vitec Group, which owns more than a dozen brands in the broadcast industry as well as technical services company Bexel, released a trading statement on its first half 2016 performance.  Vitec Group Logo

Vitec’s year-to-date performance in 2016 has been in line with the Board’s expectations (Vitec does not provide specific forecast guidance).  The Company’s expectations for 2016 remain unchanged.  First half 2016 results are scheduled for release on August 4, 2016.

The trading update reiterated management’s expectations to benefit from the Rio 2016 Olympics and ongoing restructuring activities.  During the 2015 calendar year, one-off costs associated with the continued restructuring were approximately £10 million.  The restructuring costs were predominantly attributable to streamlining activities in the Broadcast Division.

In addition, the press release referenced the opportunity to benefit from a weaker GBP versus the US Dollar and Euro.

The press release states that full year expectations remain unchanged based on exchange rates as of June 23, 2016.  This was the date of the “Brexit” referendum in the UK.  Since the results of the referendum the GBP has declined more than 10% versus the US Dollar and approximately 9% versus the Euro.

In terms of revenue profile, Vitec generated only 10% of 2015 revenue from the UK.  47% of 2015 revenue was from North America and 20% from Continental Europe.  Because of this revenue profile, Vitec’s revenue results for 2016 should benefit from a weaker GBP currency.

 

Related Content:

Vitec press release on trading update

Vitec 2015 Financial Results

 

 

© Devoncroft Partners 2009-2016.  All Rights Reserved.

 

 

iZotope Raises $7.5 Million in Additional Funds

broadcast technology market research | Posted by Josh Stinehour
Jun 27 2016

iZotope, a provider of software tools used in audio production, announced $7.5 million in new financing.  The fundraising consists of $2.5 million in a Series B equity round and $5 million of a debt facility from Comerica Bank.

The Series B round was led by existing investor ABS Capital Partners, a private equity firm with offices in Baltimore and San Francisco.  ABS became the majority owner of iZotope in a $12 million funding deal in 2013.  Combined with the 2013 transaction, the total capital raised (including debt facility) by iZotope is now $19.5 million.

The press release announcing the fundraising hints at the funds accelerating an upcoming launch of a new product offering.  According to the press release, “the new line will change the way musicians create, record and collaborate on their music.”

Commenting on the transaction, Mark Ethier, CEO and co-founder of iZotope stated, “We value ABS Capital’s continued confidence in our ambitious product plans, and we can’t wait to show the world what’s next.”

 

 

Related Content:  

iZotope Press Release on Fundraising

 

 

© Devoncroft Partners 2009-2016.  All Rights Reserved.

 

 

Accedo Raises $10 Million in Majority PE Deal

broadcast technology market research | Posted by Josh Stinehour
Jun 27 2016

TV application solution provider Accedo announced a majority transaction with SEB Private Equity, a private equity firm based in Stockholm.  As part of the transaction, earlier investors Industrifonden and Acacia exited their equity positions in Accedo.  In addition, $10 million of growth equity was invested in Accedo to support future growth initiatives.

According to a report from Di Digital, Accedo was valued at SEK 477 million or about USD $56 million in the transaction.  Accedo had approximately $40 million (USD) of revenue last year, equating to a revenue multiple of approximately 1.4x (versus 2015 revenue).

Accedo was founded in 2004 and raised an initial $1.28 million (USD) of financing in June 2007.  At the time, Accedo had approximately $450,000 (USD) in annual revenue.  Accedo had received an additional 15 SEK million (1.75 million USD at current exchange rates) from its early stage investors.

Based on the deal value estimates from Di Digital, early investors in Accedo achieved a seven times return on their investment.  With the closing of the transaction SEB Private Equity is now a majority owner of Accedo, though the founders are maintaining a significant ownership percentage.

Accedo also announced the appointment of James Ackerman as the Chairman of the Board.  Mr. Ackerman held previous positions at A&E, BSkyB, and Open TV.

Commenting on the transaction, CEO and co-Founder of Accedo Michael Lantz stated, “We’re excited to partner with SEB Private Equity to go to the next level. They share our vision of the market development and what a company like Accedo can deliver to truly transform the way consumers experience video services. We firmly believe that we’re still only in the beginning of the transformation of video consumption as we know it and we’re looking forward to continue our 12-year growth trajectory in the future.”

Accedo works with several high-profile media companies including HBO, Disney, Foxtel, Netflix, and Sky.  The Company has over 400 employees across 16 global offices.

 

Related Content: 

Accedo Press Release on Fundraising

 

 

© Devoncroft Partners 2009-2016.  All Rights Reserved.

 

 

NeuLion Reorganizes Executive Team; Acquires Saffron Digital

Analysis, broadcast technology market research | Posted by Josh Stinehour
Jun 23 2016

NeuLion, a technology product and service provider for digital distribution, announced several executive management changes along with the acquisition of London-based Saffron Digital.NeuLion,_Inc_-729822400065

Dr. Kanaan Jemili resigned from the position of President and CEO, though will remain as a consultant with the Company.  Roy Reichback, NeuLion’s General Counsel and a member of the board of directors, has been promoted to the position of President and CEO.

NeuLion’s Chief Financial Officer Art McCarthy also resigned his position at NeuLion.  Trevor Renfield will replace Mr. McCarthy as the new Chief Financial Officer.  Mr. Renfield had previously served as the Chief Financial Officer at DivX, which was acquired by NeuLion in February 2015.

Nancy Li, a co-founder of NeuLion, was promoted to Executive Chair of the NeuLion board and will continue to focus on technology development and product strategy.  Charles Wang will step down from his position of Chairman of the Board, though will remain a member of the board of directors.

NeuLion’s SEC filings on the management reorganization states the “changes were not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, or with the audit committee or the Company’s auditors.”

Separate to the management changes, NeuLion announced the acquisition of Saffron Digital, a video delivery platform company.  It was an all cash transaction.  Terms were not disclosed.

This is the third acquisition of Saffron Digital since its founding in 2006.

Smartphone manufacturer HTC acquired Saffron for $48.3 million in February 2011.  Based on 2010 revenue performance, the deal value equated to a revenue multiple of 5.5x.

HTC subsequently divested Saffron ahead of the 2013 IBC Show to Toronto-based DVD and CD manufacturer Cinram.  Cinram was backed by the Najafi Companies, a private investment firm.  The stated value of the 2013 transaction was $47 million.  As reported by Focus Taiwan, the acquisition consideration consisted of $7.5 million up front cash with an additional $39.5 million over the next five years.  HTC also maintained royalty free rights to Saffron’s intellectual property.

According to its UK filings, Saffron’s revenue performance declined from $19.8 million in 2012 to $14.7 million in 2014.  The resulting impact on after tax profits was considerable.  During the same period Saffron went from generating an after tax profit to losing more than $5 million in 2014.

In the press release announcing the transaction, the cited acquisition rationale was the opportunity to expand NeuLion’s entertainment customer concentration and enhance its technology offering to better support video on demand services.  Customers using Saffron Digital’s platform include Carrefour, BT, Deutsche Telecom, iTV, Tribeca Films, and Vidity.  All of Saffron’s employees (more than 50) are joining NeuLion.

Commenting on the transaction, Jason Keane, CEO for Saffron Digital stated, “We are excited to join NeuLion.  As part of NeuLion, we can now offer our customers a compelling OTT platform for all premium digital content with support for all types of business models.”

Roy Reichbach, President and Chief Executive Officer for NeuLion added,  “The integrated company can offer owners and rights holders of sports and entertainment a complete end to end solution for both live and on demand content that is a clear market leader.”

 

 

Related Content: 

NeuLion Press Release on Management Changes  

NeuLion Press Release on Saffron Digital Acquisition

 

 

© Devoncroft Partners 2009-2016.  All Rights Reserved.

 

 

Download New Devoncroft Partners Report: 2016 NAB Show – Observations and Analysis of the Media Technology Industry

Analysis, broadcast industry technology trends, broadcast industry trends, broadcast technology market research | Posted by Josh Stinehour
Apr 16 2016

Ahead of the 2016 NAB Show, Devoncroft Partners has published an analysis of the trends and strategic drivers in the broadcast and media technology sector.

A link to download this report can be found at the bottom of this page.

NABShow-Cover-2016

The report covers and provides commentary on a variety of significant market trends, drivers, and events, including:

  • Media Revenue Models Transitioning
  • Digital Monetization Challenges
  • Media Restructuring Announcements
  • Changing Customer Budgets
  • Review of Technology Investments by Large Media Customers
  • Key Trends Driving Investment Activity
  • Media Technology Industry Market Performance 2009 – 2015
  • Technology Vendor Results in 2015
  • Consolidation Across Media Value Chain
  • Implications of Market Developments on Technology Vendors

 

In addition, the analysis includes preliminary excerpts from the 2016 Big Broadcast Survey (BBS), the largest and most comprehensive study of technology trends, buyer behavior, and vendor brands in the broadcast and media technology sector.

We are interested in your feedback, comments, and questions on this report.

If you would like to schedule a meeting at the NAB Show, please let us know as soon as possible.  We are in the process of finalizing the NAB Show schedule for the Devoncroft team, and have limited availability remaining.

We hope to see you in Las Vegas.

 

Please click here to download a PDF copy (10 MB) NAB Show 2016 – Observations and Analysis of the Media Technology Industry from Devoncroft Partners (registration required).

 

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

 

 

Media Technology CTOs to Discuss What Drives Their Investment Strategies at 2016 NAB Show Conference

Analysis, broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast Vendor M&A, Conference Sessions, technology trends | Posted by Joe Zaller
Apr 11 2016

If you want to understand what’s driving media technology investments, don’t miss The Broadcaster C-Suite: Trends Driving Investment Decisions” at the 2016 NAB Show.

This moderated panel discussion about how evolving business models will drive media technology spending features four top executives: Richard Friedel- EVP and GM FOX NE&O; Håvard Myklebust – CTO of TV2 in Norway;  John Honeycutt – CTO of Discovery Communications; and Renu Thomas – EVP Media Operations, Engineering and IT at the Disney/ABC Television Group.

 

Devoncroft NAB 2016 Broadcaster Panel

 

This panel is just one of the sessions in the 2016 Media Technology Business Summit, produced by Devoncroft Partners and the NAB Show.

Designed to be a thought-provoking kickoff to the 2016 NAB Show, this half-day conference examines the “the business of the media business” from the perspective of all levels of the media value chain.  It is also an opportunity to network with the media technology executive community ahead of the start of the exhibition.

The Media Technology Business Summit is a half-day conference.  It starts at 1pm on Sunday April 17th, 2016 in room N249 of the Las Vegas Convention Center.

This event has been standing-room only for the past four years.  So please come early if you want a seat.

Admission is open to all registered 2016 NAB Show attendees (remember to bring your NAB Show badge).

Full details are available here, and on the NAB Show website.

 

 

 

© Devoncroft Partners 2009 – 2016. All Rights Reserved.

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