Archive for the ‘broadcast technology market research’ Category

2014 Big Broadcast Survey (BBS) Reports Now Available

broadcast industry technology trends, broadcast technology market research, Broadcast Vendor Brand Research, market research, Top Broadcast Vendor Brands | Posted by Joe Zaller
Jul 15 2014

After months of data collection, analysis, and visualization, we have now completed work on the 2014 Big Broadcast Survey (BBS). Reports from this study have now been published and are available from Devoncroft Partners.

If you’re not familiar with the BBS, it’s the most comprehensive annual study of technology end-users in the global broadcast industry. Nearly 10,000 broadcast professionals in 100+ countries participated in the 2014 BBS, making it once again the largest market study of the broadcast industry.

BBS reports have been designed to help readers improve their strategic decision-making, customer engagement, marketing strategy, product planning, and sales execution.  BBS reports are also used frequently for M&A-related activities by both buyers and sellers.

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Three types of 2014 BBS reports are available:

  • 2014 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.

 

  • 2014 BBS Product Reports:  provide detailed information from buyers, specifiers, and users of broadcast technology products in 31 separate categories (see full list below)

 

  • 2014 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 CapEx budgets, and planned deployment of new technologies including 4K, Connected TV, and Social TV.

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If you would like information about these reports and how they can help your business, please get in touch.

 

In addition to these paid-for reports, we will also be publishing highlights from the 2014 BBS on the Devoncroft website.  These articles will be posted on a semi-regular basis, so please check back often.

To receive posts when they are published, just enter your email in the box in the upper right-hand corner of the page.

 

The tables below show the product categories and broadcast technology vendor brands covered in the 2014 BBS.

 

 Product Categories Covered in the 2014 BBS:

2014 BBS -- Product Categories Covered in the 2014 Big Broadcast Survey

 

 

Broadcast Technology Brands Covered in the 2014 BBS:

 

2014 BBS -- All Brands included in 2014 BBS

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.© Devoncroft Partners 2009 – 2014. All Rights Reserved.

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3rd Annual “Shifting Media Economics: Impact on Strategy, Finance, and Technology” Draws Huge Crowd at NAB 2014

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor M&A | Posted by Joe Zaller
Apr 09 2014

This was the scene as we kicked off the third annual “Shifting Media Economics: Impact on Strategy, Finance, and Technology”  event at the NAB 2014 Show.

This half-day session was co-produced by Devoncroft Partners, Silverwood Partners, and the organizers of the 2014 NAB Show (to whom both Devoncroft and Silverwood are very grateful).

We had a standing-room only crowd from the moment the doors opened, and attendees were not disappointed by the outstanding information presented on the day.  The power of this unique event is that it brings together three ordinarily disparate groups — technology vendors, broadcasters, and financial firms — to discuss and debate important business issues facing the industry at a time of incredibly dynamic change.

 

SRO Crowd at NAB

 

We would especially like to thank our speakers and panelists for not only taking times out of their busy lives to prepare for and attend this event, but also (especially) for their thoughtful and often candid assessment of the state of the broadcast industry today, and what the future may bring.

In particular we would like to thank Vince Roberts,EVP Global Operations and Chief Technical Officer of Disney/ABC Television for his outstanding keynote address, which which provided a truly thought-provoking insight into the future of the media industry (and he’s funny too).

 

In case you missed this event, the full agenda  included:

 

Strategic Industry Analysis: Valuations, M&A, and Equity Financing

Presenters:

  • Jonathan Hodson-Walker: Managing Partner, Silverwood Partners
  • Joshua Stinehour: Managing Director, Silverwood Partners

 

 

The Broadcast & Media Technology Industry in 2014

Presenter:

  • Joe Zaller: President, Devoncroft Partners

 

 

Business Strategy Perspective From Industry Executives

Moderator:

  • Joe Zaller – President, Devoncroft Partners

 

Panelists:

  • Sam Blackman: CEO and Co-founder, Elemental Technologies
  • Louis Hernandez. Jr.: President and Chief Executive Officer, Avid
  • Joop Janssen: CEO, EVS
  • Michelle Munson: President, CEO and co-founder, Aspera, an IBM company

 

 

Keynote: Vince Roberts: CTO and EVP Global Operations, Disney/ABC Television Group

 

 

IABM Research Overview

Presenter:

  • Peter White: Chief Executive Officer, IABM

 

 

The Broadcast Buyer Perspective on Business Models, Trends, and Technology Advancement

 

Moderator:

Joe Zaller – President, Devoncroft Partners

 

Panelists:

  • Phil Braden: SVP Technology and Applications, PCCW Global
  • Del Parks: SVP Operations & Engineering, Sinclair Broadcast Group
  • Todd Daly: EVP Operations & Systems Engineering, Fox Broadcasting
  • Andy Tennant: Technology Director, Studios, ITV

 

 

Keynote: Vince Roberts: CTO and EVP Global Operations, Disney/ABC Television Group

 

Investor Perspectives on Industry

Moderator:

Jonathan Hodson-Walker: Managing Partner, Silverwood Partners

 

Panelists

  • Jeff Parks, Founding Partner, Riverwood Partners
  • Rohan Rai: Director, Wasserstein & Company
  • Sunit Mukherjee: Principal, Symphony Technology Group

 

 For those of many of you who asked for copies of presentations, please email info [at] devoncroft [dot] com and we will try to respond as soon as possible after the 2014 NAB Show.

 

Finally, thanks to all those who attended the event and sat in such a crowded room.

 

Based on the feedback we’ve received so far, there are two key takeaways from this event:

  • The content and substance of the event was terrific
  • You might want to consider a larger room next time

 

 

Were you there?  What did you think?  Please let us know.

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© Devoncroft Partners 2009 – 2014. All Rights Reserved.

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Want to Understand the Top Issues at NAB 2014? Don’t Miss “Shifting Media Economics: Impact on Strategy, Finance, and Technology”

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor M&A, market research | Posted by Joe Zaller
Apr 05 2014

NAB 2014 Strategy-Session-Logos

 

If you are interested how the dramatic changes impacting the broadcast industry may shape its future, you won’t want to miss the third annual NAB Show event co-produced by Devoncroft, Silverwood Partners and the organizers of the NAB Show.

Now part of the NAB 2014 Broadcast Management Conference, this half-day session is called “Shifting Media Economics: Impact on Strategy, Finance, and Technology.”

It will be held in room N235 of the Las Vegas Convention Center on Sunday April 6th from 1:30 p.m. to 6:00 p.m.

Download the full agenda and speaker biographies here.

As always, this event features an intensive, information-packed series of presentations and panels that discuss the strategic trends and industry-specific factors influencing the value of media technology companies.

We’ve worked hard to put together an outstanding line-up of speakers and presenters, including top technology buyers, leading technology vendor CEOs, and private equity investors who will speak to the opportunities and challenges involved with financing the next phase of technology change in the industry.

The agenda offers attendees the informed opinions of technology purchasers, industry executives, market research organizations, and financial professionals. The event will serve as a thought-provoking kick-off to the 2014 NAB Show.

Highlights will include panel discussions featuring leading vendor CEOs, senior executives from leading broadcasters, and private equity investors who will speak to the opportunities and challenges involved with financing the next phase of technology change in the industry.

In addition, the audience will benefit from preliminary excerpts from the Devoncroft Big Broadcast Survey, the industry’s definitive demand-side market report, and the IABM DC Global Market Valuation Report, the industry’s definitive supply-side market report.

This session is intended for senior executives from technology vendors, end-users, and investment firms in the media technology sector.

Please click here for more information and/or to register.

 

 

Here’s the current agenda:

Shifting Media Economics: Impact on Strategy, Finance, and Technology

Sunday April 6, 2014

1:30 p.m. – 6:00 p.m.

Room N235 Las Vegas Convention Center

Part of the 2014 NAB Broadcast Management Conference

 

 

1:45 pm – 1:50 pm

WELCOME AND INTRODUCTION

Joe Zaller – President, Devoncroft Partners

 

 

1:50 pm – 2:15 pm

Strategic Industry Analysis: Valuations, M&A, and Equity Financing

Jonathan Hodson-Walker and Joshua Stinehour of Silverwood Partners will present an analysis of strategic industry trends and the specific factors that affect company valuations, including an updated perspective on transaction activity and valuations, vendor strategic considerations, and the current M&A environment along with near-term expectations.

 

Presenters:

  • Jonathan Hodson-Walker: Managing Partner, Silverwood Partners
  • Joshua Stinehour: Managing Director, Silverwood Partners

 

 

2:15 pm – 2:40 pm

The Broadcast & Media Technology Industry in 2014

Top broadcast analyst Joe Zaller will present a summary of key data derived from a variety of broadcast market intelligence projects including the newly published 2014 Big Broadcast Survey (BBS), the industry’s definitive demand-side market report. Discussion topics will include strategic drivers of broadcast technology spending, key customer investment areas, new technology deployment trends, and the most significant industry trends impacting end-user purchasing decisions.

 

Presenter:

  • Joe Zaller: President, Devoncroft Partners

 

 

2:40 pm – 3:15 pm

Business Strategy Perspective From Industry Executives

This panel of recognized executives at leading vendors will offer views on the critical drivers of company valuation in the industry, the best practices the panelist’s have learned on how to evaluate M&A opportunities, and the preferred approach for integrating M&A into overall growth strategies. The panelists will also consider the question of how broader technology trends are impacting the vendor community in the industry.

Moderator:

  • Joe Zaller – President, Devoncroft Partners

 

Panelists:

  • Sam Blackman: CEO and Co-founder, Elemental Technologies
  • Louis Hernandez. Jr.: President and Chief Executive Officer, Avid
  • Joop Janssen: CEO, EVS
  • Michelle Munson: President, CEO and co-founder, Aspera, an IBM company

 

 

3:35 pm – 3:50 pm

IABM Research Overview

Peter White, Chief Executive of the IABM (the trade group that represents suppliers of broadcast technology worldwide), will present an overview of the latest end-user research from the IABM along with selected excerpts from the recently completed IABM DC Global Market Valuation Report, the industry’s definitive supply-side market report.

Presenter:

  • Peter White: Chief Executive Officer, IABM

 

 

3:50 pm – 4:20 pm

The Broadcast Buyer Perspective on Business Models, Trends, and Technology Advancement

A panel of technology decision makers at leading broadcasters will offer informed perspectives on the most significant industry trends affecting technology budgets and the technology purchase decision. The audience will benefit from an emphasis on the business implications of technology decisions to broadcasters.

 

Moderator:

Joe Zaller – President, Devoncroft Partners

 

Panelists:

  • Phil Braden: SVP Technology and Applications, PCCW Global
  • Del Parks: SVP Operations & Engineering, Sinclair Broadcast Group
  • Todd Daly: EVP Operations & Systems Engineering, Fox Broadcasting
  • Andy Tennant: Technology Director, Studios, ITV

 

 

4:20 pm – 4:45 pm

Keynote: Vince Roberts: CTO and EVP Global Operations, Disney/ABC Television Group

ABC/Disney EVP and CTO Vince Roberts will highlight the major business model challenges facing the industry and the implications to technology development. Mr. Roberts will focus on the actual commercial factors driving technology deployments today, and what can reasonably be expected in the near future. Referencing initiatives at Disney relating to topics such as IP-based infrastructure and the Cloud, the audience will gain an improved understanding of how changes in media consumption and fundamental technology transitions, ultimately affect technology vendors.

 

 

4:45 pm – 5:15 pm

Investor Perspectives on Industry

This panel of leading investment professionals in the media and entertainment sector will offer the audience the institutional investor’s perspective on the industry. The discussion will include the panelist’s intelligence-gathering plans for the NAB Show, views on the trends that are driving investment dollars in the sector, and a review of the characteristics influencing the evaluation of an investment opportunity.

Moderator:

Jonathan Hodson-Walker: Managing Partner, Silverwood Partners

 

Panelists

  • Jeff Parks, Founding Partner, Riverwood Partners
  • Rohan Rai: Director, Wasserstein & Company
  • Sunit Mukherjee: Principal, Symphony Technology Group

 

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Related Content:

2014 NAB Show Session Details – Shifting Media Economics: Impact on Strategy, Finance, and Technology

Download the full agenda and speaker biographies here

Save the Date: Third Annual Media Technology Strategy Conference at the NAB 2014 Show

 

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© Devoncroft Partners 2009 – 2014 All Rights Reserved.

 

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Broadcast Vendor M&A: Masstech to Acquire PlayBox Product Line and Technology

broadcast technology market research | Posted by Joe Zaller
Mar 31 2014

Media Asset Management (MAM) specialist Masstech said today that it will acquire certain assets from PlayBox, a provider of channel-in-a-box (CiaB) technology. Terms were not disclosed.

Masstech says it intends to combine its existing MAM portfolio with CiaB solutions from PlayBox. “Adding PlayBox enables us to extend the Masstech platform to create the first fully integrated broadcast environment that includes playout and graphics within the asset management system,” said Masstech CEO Joe French.

Masstech says the combined solution “will be the first in which assets will be managed by an open platform across the entire broadcast chain, including ingest, production, and transmission, and embracing legacy infrastructure across all popular editing, automation and playout systems.”

Interestingly, Masstech is not actually buying PlayBox itself, but rather the company’s products and technology.

PlayBox Technology will continue to own and operate its existing system integration, support center and worldwide distribution through its eight offices in Europe, Asia and the United States, and their associated reseller networks.

Thus it appears the deal is part technology transfer, and part reseller agreement.

Indeed, both companies referred to the deal as a partnership.

Masstech CEO Joe French said “Our partnership with PlayBox will significantly expand the worldwide distribution of Masstech’s products and solutions through the PlayBox network.” Similarly, PlayBox founder and CEO Vassil Lefterov said “we have been looking for a strategic partner for a long time.  Our partnership with Masstech will allow us to take the next step in our company’s evolution.”

The deal is expected to close in May 2014.

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Related Content:

Press Release: Masstech Announces Intent to Acquire PlayBox Products and Technology

PlayBox Says it Had Strong Growth in 2011

PlayBox Says Sales Were Up 60 Percent in Q1 2011, Up 250 Percent Since 2008

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© Devoncroft Partners 2009 – 2014. All Rights Reserved.

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Speakers Announced for Third Annual NAB Show Event — Shifting Media Economics: Impact on Strategy, Finance, and Technology

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor M&A, market research | Posted by Joe Zaller
Mar 26 2014

If you are interested how the dramatic changes impacting the broadcast industry may shape its future, you won’t want to miss the third annual NAB Show event co-produced by Devoncroft, Silverwood Partners and the organizers of the NAB Show.

Now part of the NAB 2014 Broadcast Management Conference, this half-day session is called “Shifting Media Economics: Impact on Strategy, Finance, and Technology.” It will be held in room N235 of the Las Vegas Convention Center on Sunday April 6th from 1:30 p.m. to 6:00 p.m.

It will be held in room N235 of the Las Vegas Convention Center on Sunday April 6th from 1:30 p.m. to 6:00 p.m.

As always, this event features an intensive, information-packed series of presentations and panels that discuss the strategic trends and industry-specific factors influencing the value of media technology companies.

We’ve worked hard to put together an outstanding line-up of speakers and presenters, including top technology buyers, leading technology vendor CEOs, and private equity investors who will speak to the opportunities and challenges involved with financing the next phase of technology change in the industry.

The agenda offers attendees the informed opinions of technology purchasers, industry executives, market research organizations, and financial professionals. The event will serve as a thought-provoking kick-off to the 2014 NAB Show.

Highlights will include panel discussions featuring leading vendor CEOs, senior executives from leading broadcasters, and private equity investors who will speak to the opportunities and challenges involved with financing the next phase of technology change in the industry.

In addition, the audience will benefit from preliminary excerpts from the Devoncroft Big Broadcast Survey, the industry’s definitive demand-side market report, and the IABM DC Global Market Valuation Report, the industry’s definitive supply-side market report.

This session is intended for senior executives from technology vendors, end-users, and investment firms in the media technology sector.

Please click here for more information and/or to register.

 

Here’s the current agenda:

 

Shifting Media Economics: Impact on Strategy, Finance, and Technology

Sunday April 6, 2014

1:30 p.m. – 6:00 p.m.

Room N235 Las Vegas Convention Center

Part of the 2014 NAB Broadcast Management Conference

 

 

1:45 pm – 1:50 pm

WELCOME AND INTRODUCTION

Joe Zaller – President, Devoncroft Partners

 

 

1:50 pm – 2:15 pm

Strategic Industry Analysis: Valuations, M&A, and Equity Financing

Jonathan Hodson-Walker and Joshua Stinehour of Silverwood Partners will present an analysis of strategic industry trends and the specific factors that affect company valuations, including an updated perspective on transaction activity and valuations, vendor strategic considerations, and the current M&A environment along with near-term expectations.

 

Presenters:

  • Jonathan Hodson-Walker: Managing Partner, Silverwood Partners
  • Joshua Stinehour: Managing Director, Silverwood Partners

 

 

2:15 pm – 2:40 pm

The Broadcast & Media Technology Industry in 2014

Top broadcast analyst Joe Zaller will present a summary of key data derived from a variety of broadcast market intelligence projects including the newly published 2014 Big Broadcast Survey (BBS), the industry’s definitive demand-side market report. Discussion topics will include strategic drivers of broadcast technology spending, key customer investment areas, new technology deployment trends, and the most significant industry trends impacting end-user purchasing decisions.

 

Presenters:

  • Joe Zaller: President, Devoncroft Partners

 

 

2:40 pm – 3:15 pm

Business Strategy Perspective From Industry Executives

This panel of recognized executives at leading vendors will offer views on the critical drivers of company valuation in the industry, the best practices the panelist’s have learned on how to evaluate M&A opportunities, and the preferred approach for integrating M&A into overall growth strategies. The panelists will also consider the question of how broader technology trends are impacting the vendor community in the industry.

Moderator:

  • Joe Zaller – President, Devoncroft Partners

 

Panelists

  • Sam Blackman: CEO and Co-founder, Elemental Technologies
  • Louis Hernandez. Jr.: President and Chief Executive Officer, Avid
  • Joop Janssen: CEO, EVS
  • Michelle Munson: President, CEO and co-founder, Aspera, an IBM company

 

 

3:35 pm – 3:50 pm

IABM Research Overview

Peter White, Chief Executive of the IABM (the trade group that represents suppliers of broadcast technology worldwide), will present an overview of the latest end-user research from the IABM along with selected excerpts from the recently completed IABM DC Global Market Valuation Report, the industry’s definitive supply-side market report.

Presenter

  • Peter White: Chief Executive Officer, IABM

 

 

3:50 pm – 4:20 pm

The Broadcast Buyer Perspective on Business Models, Trends, and Technology Advancement

A panel of technology decision makers at leading broadcasters will offer informed perspectives on the most significant industry trends affecting technology budgets and the technology purchase decision. The audience will benefit from an emphasis on the business implications of technology decisions to broadcasters.

 

Moderator:

Joe Zaller – President, Devoncroft Partners

 

Panelists

  • Phil Braden: SVP Technology and Applications, PCCW Global
  • Del Parks: SVP Operations & Engineering, Sinclair Broadcast Group
  • Todd Daly: EVP Operations & Systems Engineering, Fox Broadcasting
  • Andy Tennant: Technology Director, Studios, ITV

 

 

4:20 pm – 4:45 pm

Keynote: Business Model Changes Technology Changes

ABC/Disney EVP and CTO Vince Roberts will highlight the major business model challenges facing the industry and the implications to technology development. Mr. Roberts will focus on the actual commercial factors driving technology deployments today, and what can reasonably be expected in the near future. Referencing initiatives at Disney relating to topics such as IP-based infrastructure and the Cloud, the audience will gain an improved understanding of how changes in media consumption and fundamental technology transitions, ultimately affect technology vendors.

Presenter:

Vince Roberts: CTO and EVP Global Operations, Disney/ABC Television Group

 

 

4:45 pm – 5:15 pm

Investor Perspectives on Industry

This panel of leading investment professionals in the media and entertainment sector will offer the audience the institutional investor’s perspective on the industry. The discussion will include the panelist’s intelligence-gathering plans for the NAB Show, views on the trends that are driving investment dollars in the sector, and a review of the characteristics influencing the evaluation of an investment opportunity.

Moderator:

Jonathan Hodson-Walker: Managing Partner, Silverwood Partners

 

Panelists

  • Marshall Haines: Managing Director, Symphony Technology Group
  • Jeff Parks, Founding Partner, Riverwood Partners
  • Rohan Rai: Director, Wasserstein & Company

 

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Related Content:

2014 NAB Show Session Details – Shifting Media Economics: Impact on Strategy, Finance, and Technology

Save the Date: Third Annual Media Technology Strategy Conference at the NAB 2014 Show

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© Devoncroft Partners 2009 – 2014 All Rights Reserved.

 

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Top Broadcasters Debate Spectrum, 4K, IP Infrastructure, and ATSC 3.0 at 2014 HPA Tech Retreat

broadcast industry technology trends, broadcast industry trends, broadcast technology market research | Posted by Joe Zaller
Feb 27 2014

A version of this article appeared originally in TVNewsCheck

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As the saying goes: “the customer is King”, and last week the place to pay homage to some of the biggest buyers of broadcast technology was the annual Broadcaster Panel at the 2014 HPA Tech Retreat in Indian Wells, CA.

Always a highlight of the HPA conference, this unique event is a one-hour Q&A-based discussion featuring the top technology executives from major broadcast networks and TV station groups.

Deftly moderated by Ericsson SVP of Technology Matthew Goldman, this year’s panel featured Anthony Caruso, Director of New Broadcast Technology at the  Canadian Broadcasting Corporation; Bob Seidel, VP Advanced Technology at CBS;  Dave Seigler, VP Technical Operations at Cox Broadcasting, Richard Friedel, EVP and GM at FOX NE&O, Eric Wolf, VP Technology Strategy at PBS; and Mark Aitken, VP Advanced Technology at Sinclar Broadcast Group.

Despite the short one-hour timeframe, panelists debated, and sometimes disagreed about, a wide range of hot-button issues including spectrum re-packing, channel sharing, 4K/UHD acquisition & delivery, AFD, unbundling of subscription TV packages, software defined networks, IP broadcasting, and ATSC 3.0.

Siedel and Aitken at HPA 2014

Bob Siedel, CBS VP of Advanced Technology looks on as Sinclair’s Mark Aitken discusses ATSC 3.0 and the future of broadcasting

 

Spectrum Issues

Starting with the topic of spectrum repacking, sharing and multicasting, broadcasters were in general agreement that although there may be some stations that want to cash out in the auctions, it does not make sense to permanently give up spectrum that might be used later for a variety of services delivering everything from mobile to 4k/UHD.

PBS’s Wolf raised the point that although today’s encoders make channel sharing a viable option, advances in technology cannot solve the thorny contractual issues of how a for-profit station can share spectrum with a non-profit PBS station, or whether it makes commercial sense to do so at all.  “Channel sharing is a reasonable option for people to look at, but at the end of the day management has to look at this and say we can take a one-time infusion of cash from the auction and give up forever some portion of our spectrum which is our bread and butter, and forgo a lot of future options.”

Siegler agreed, saying that Cox sees surrendering spectrum as limiting the future, and that the company has “no interest” in turning over any of its spectrum.

Sinclair’s Aitken went further “No matter what happens, if the next generation of broadcasting is planned using legacy ATSC 1.0 and MPEG-2 standards, everyone will be ‘half of a broadcaster’ because what you can do within the limitations of ATSC 1.0 is only half of what broadcasters are capable of doing.” Aitken added that “any consideration of channel sharing would have to go hand-in-hand with the notion of advancing broadcasting to the next generation broadcast platform,” which he described as being all IP-based and capable of supporting both mobile and fixed services, which Sinclair believes will very important to the livelihood of broadcasters in the future.

According to Siedel, the issue comes down to quality for CBS, so channel sharing is out of the question.  The network always strives to deliver maximum quality, so until very recently CBS has used its entire 19.3 Mbit/s for HD.  Recent advances in compression have enabled CBS to lower the bitrate slightly, freeing up approximately 1.5Mbit/s for a sub-channel.

 

The Future of 4K/UHD

The industry’s top techs were also in broad agreement on 4K/UHD – delivering it over the air is not a priority.

“We’ve done a lot of testing of 4K in our labs, and you know what, it produces the best HD pictures we’ve ever seen,” said Fox NE&O’s EVP and GM Richard Friedel. “We think there is some there is some viability for 4K sets for consumers, but that’s not to suggest that we will be broadcasting 4K any time soon.”

Aitken put it more bluntly: “4K is not going to happen for broadcasting until ESPN says so.”  Said differently, unless content owners demand it or incremental revenues are available to broadcasters, 4K/UHD is not going to become a mainstream priority.

Siedel says CBS is a fan of 4K — for acquisition. He described how CBS/CW program delivery specifications include separate elements for acquisition and delivery. “On the acquisition side, our philosophy has always been that we want to maintain the highest possible quality levels so that we ensure the residual asset value of that content.” Accordingly, for the past two years the CBS/CW specifications have allowed for acquisition in 4K/UHD, although this is not mandatory today. “Having an edited 4K master on the shelf is going to add to the asset value in the future, no matter how it’s distributed.”

On the sports side, CBS and others have been using 4K for acquisition (CBS used six 4K cameras at the 2013 Super Bowl), and using this content to extract HD content, as well as for super slow-mo replays. 4K/UHD will continue to be used in this way for sports productions.

Ironically it was Dave Siegler from Cox Broadcasting (whose parent company is a cable MSO) who expressed disappointed in the downgraded signal that cable companies deliver to the home with compression, and asked rhetorically whether 4K delivered to the home look like HD should be.

 

Integer Frame Rates

The panel disagreed on several important topics. On the subject of integer frame rates, Siedel said that the industry will likely be stuck with 59.94 for many years to come due to the millions of hours of 59.94 content on the shelf and the complexity of converting back and forth from 59.94 to 60 in the plant.

Aitken disagreed, saying video content creation is exploding, and that the amount of content created in the next 10-15 years will equal all the content ever created.  Therefore it makes sense to Sinclair to move forward with all new content generated at integer frame rates, while maintaining compatibility with legacy non-integer material.

Friedel agreed with Aitken saying that Fox has been advocating that new formats (e.g. 120 fps) would be integer-based, and convert to non-integer rates for legacy compatibility.

 

Cable Unbundling

Another area of disagreement had to do with the unbundling of cable programming.

Friedel said that Fox “firmly believes that the cost of TV will go up for people if it’s unbundled. If you think about the way a show is put together an marketed, there is no possible way that popular television programming will be able to be produced and sent to consumers can be sent to consumers at the same rate they are paying today. Prices would go way, way up.”

Aitken countered saying “unbundling is inevitable and will happen naturally due to an environment of hybrid convergence of content of content across multiple platforms. If broadcasters had a decent platform, we’d be delivering a Sinclair bundle to the home. Unbundling will happen as a natural occurrence of the proliferation of platforms that can bring content into the home.”

 

IP Broadcast Infrastructures and Software Defined Networking

Moving on to what is sure to be one of the biggest technology trends over the next 5+ years, the panelists were asked how long they think it will take for broadcasters to truly move to full IP infrastructure software defined networking (SDN).

Wolf said although it will take a few more years, PBS is currently building a new disaster recovery center that’s based completely on virtualized IT systems, along with “little bits” of traditional broadcast gear.  Although this new facility is not yet based on SDN or cloud enabled, it’s the first step on the path.  DR is a great test facility so it’s a positive step along the way, “but as we look at our next big playout system, the big question on the table is whether we can go all IP for all the routing in the plant and the suspicion is that we can.”

Friedel agreed, saying that IP is “well along the way” towards becoming real. We do have IP-based routers in our plant today, and IP technology is just going to proliferate.  If you walk into any of our equipment rooms at the moment, there is almost no classic broadcast vendor anymore. Instead you’ll see rows of Hewlett Packard, IBM, and Cisco. We’re really in an all-IP world now. We’ve got huge virtualization farms already and this is coming. In five years no one will build a plant of our size that’s not based on IP concepts.”

Friedel added: “this is a pretty fun time to see where the future will go,” and encouraged the audience to learn more about the SMPTE 2022 standard, and become involved with the Joint EBU-SMPTE-VSF Task Force on Networked Media (JT-NM) which is helping to define the future of the all-IP broadcast facility. You can download December 2013 whitepaper here.

Other issues included a discussion of electronic interference, which is affecting both C-band contribution feeds and wireless microphones.  Friedel said “white space interference is a huge issue for broadcasters,” and then quipped that viewers of the 2014 Super Bowl may have noticed that either the hands of the on-air talent had gotten smaller or the microphones had gotten larger.  He explained that in order to eliminate the risk of wireless interference in the crowded Met Life Stadium, Fox had switched to new wireless microphones from Sennheiser that operate in 1.6 GHz band. Although these microphones worked perfectly, they require more power and larger batteries, making them 40% larger than traditional wireless microphones.

 

ATSC 3.0 and the Future of Broadcasting

But the most controversial topic had to do with the future of broadcasting, and the various options for the ATSC 3.0 standard.

Aitken kicked off the debate by expressing concern that “that virtually all activity and focus of the ATSC has been on high data rate delivery to a fixed receiver environment” (in other words, delivering a single channel to a single UHD display in the home).

While Aitken sees this as part of the future of broadcasting, “Sinclair has fought for 15 years to bring mobile capability to broadcasting.”

“Fifteen years ago, people looked at us cross-eyed and said ‘mobile: who’s going to do that?’” said Aitken. “Look around today and the question is: where is broadcast to mobile? There has been an avoidance [at ATSC] of moving forward any proposals that of that would take bits away from fixed service for mobile services. There may be a need to run a parallel path outside of ATSC with industry adopters bringing forward a de-facto next generation technology that then gets adopted by the broadcast community.”

According to Aitken the new broadcast standard must meet all the needs of all broadcasters, rather than perpetuating an old-world view that all broadcasting is about is television, which is what politicians in Washington DC think of when they hear the word ‘broadcasting.’

“Every broadcaster would say they want [their content] to be on every device, said Aitken.” It’s just a question of how to get there. Broadcasters should be in a position to be their own gatekeeper in getting their content and licensed content delivered to the consumer. It’s really a matter of setting off a warning bell that we’re not going to sit still and wait for another mistake to happen.”

Aitken’s comments received push-back from CBS’s Siedel who said that the ATSC 3.0 effort has solicited bids from all over the world, and there are now at least 13 proposals being considered, many of which include mobile services, including LTE broadcast, DVB-T2, and even 8K from Japan.  Siedel said the process was still at the early stage, and we still have a long way to go.

Fox’s Friedel added the final comment of the session, saying that if broadcasters are not involved in the ATSC 3.0 process, they should get involved as soon as possible.  “The key for the ATSC is a standard that is flexible and extensible, and allows the business to grow and change with the future. I can’t predict the future better than anyone else, but there is going to be a transition from big screens today to portable devices. That much is clear.”

As always the HPA broadcaster panel did not disappoint the audience. There are very few opportunities to hear from the industry’s top buyers and get their unvarnished opinions on the future of the industry.

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The annual HPA Tech Retreat is produced by the Hollywood Post Alliance.  You can find out more information about the 2014 Tech Retreat here.

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Related Content:

2014 HPA Tech Retreat Information

EBU/SMPTE/VSF Joint Task Force on Networked Media (JT-NM) Gap Analysis Report, December 2013

VSF, EBU, and SMPTE Create Joint Task Force to Define Future of Networked Media for Professional Applications

TVNewsCheck Article: Top Techs Have No Desire To Lose Spectrum

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© Devoncroft Partners 2009 – 2014. All Rights Reserved.

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Broadcast Vendor M&A: Dolby to Acquire Doremi for $92.5 Million

broadcast technology market research | Posted by Joe Zaller
Feb 24 2014

Dolby Labs has signed a definitive agreement to acquire digital cinema replay server vendor Doremi for $92.5 million in cash plus an additional $20 million in contingent consideration that may be earned over a four-year period.

The addition of the Doremi product line complements Dolby’s existing line-up of digital cinema replay servers.  Dolby was a pioneer in this market, and enjoyed strong success in markets such as North America, where its system was adopted.  According to filings with US securities regulators, Dolby’s cinema product business (which includes more than just digital cinema replay servers) delivered $169.69m of revenue in 2010, but by the end of 2012 had declined 47% to $88.88m.

Doremi has established a strong foothold in emerging markets where the conversion of cinemas to digital projection technology has not been completed. According to company press releases, Doremi claims to have a 70% market share of digital cinema servers in Latin America, and to have shipped 55,000 of its digital cinema replay servers, including 5,000 units between June – December 2013.

Doremi says it was the first company to achieve compliance with the Digital Cinema Initiative (DCI) specification, and that its digital cinema replay products support 4K development and 3D High Frame Rate playback, which eh company says has “been a en a major contributor to the company’s success.”

Interestingly Dolby’s announcement specifically mentions the company’s new Atmos “object-based sound platform.”  Thus it’s likely that in addition to gaining share in developing markets, Dolby is using the Doremi acquisition as a way to expand the base of Atmos-enabled cinemas around the world.  If this strategy succeeds, Dolby can use the leverage of a large theatrical installed base to further enhance its core business of licensing technology for consumer applications.

Dolby has stated previously that Atmos technology, initially designed for the cinema can be brought to home users for TV and listening via headphones.

However, Dolby has competition for the next generation of consumer audio licensing opportunities. DTS and Fraunhofer have both developed “multi-dimensional audio” codecs with speakers enveloping the viewer (placed on the sides, in front, back and on top).

Rival DTS has developed its Ultra High-Definition (UHD) audio system (aka “Neo:X” consisting of 11.1 channels). German based research organization Fraunhofer (developer of the MP3 audio codec) has developed MPEG-H (up to 22.2 channels), which consists of an Extended HE-AAC based audio codec and a 3-D rendering engine, which supports the efficient transmission of “3-D audio signals” and flexible rendering for the playback of 3D audio in a wide variety of listening scenarios.

“Dolby and Doremi Labs have complementary technology expertise and solutions”

“Dolby and Doremi Labs have complementary technology expertise and solutions,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “Together we’ll be able to advance the pace of innovation and create the kind of cinematic experiences that drive movie attendance for our exhibitor partners.”

“For more than 40 years, Dolby has provided innovative technology to the cinema exhibition industry, offering storytellers the tools and technology to express their visions in new ways,” said Camille Rizko, Founder and President, Doremi Labs. “But more importantly, Dolby shares our commitment to working closely with exhibitors to bring amazing experiences to moviegoers.”

According to Dolby, the acquisition is subject to customary closing conditions, including review by US and international regulators. Depending on these conditions, the transaction is anticipated to close by the end of 2014. The impact of the acquisition on fiscal year 2014 revenue and non-GAAP results is not expected to be material.

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Related Content:

Press Release: Dolby Signs Agreement to Acquire Doremi Labs

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© Devoncroft Partners 2009 – 2014. All Rights Reserved.

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Broadcast Vendor M&A: Belden Buys Grass Valley for $220 Million

broadcast technology market research | Posted by Joe Zaller
Feb 06 2014

Belden has submitted a binding offer to purchase privately held Grass Valley, a leader within the broadcast market, for $220 million.

The binding offer is subject to consultation with Grass Valley’s foreign labor works council, after which we will enter into a definitive agreement. Grass Valley provides innovative technologies including production switchers, cameras, servers, and editing solutions within the mission critical applications of broadcast customers. When combined with Miranda, the resulting end-to-end solution will be the most complete and compelling in the industry.

Grass Valley had approximately $290 million in revenue according to Belden’ press release, so the deal values Grass Valley at 0.75 revenue.

Even so, it’s probably not a bad deal for Grass Valley’s owner, PE firm Francisco Partners, which  purchased Grass Valley from Technicolor in 2011 (closed in January 2011), for no money down, and an $80 million promissory not payable five years from the date of the deal.

Part of Francisco Partner’s deal to buy Grass Valley included an undisclosed additional pay-out if Francisco Partners sold Grass Valley for a partner in the future.  Since these numbers are unknown, it’s difficult to know if the payments were triggered.

“The great thing about this overlap is the limited overlap,” said Belden CEO John Stroup.

“We are extremely excited to have Grass Valley join the Belden family. By combining Grass Valley and Miranda, we will create the broadcast industry’s largest and most complete portfolio,” said Mr. Stroup.

 

Here’s info on the deal and the rationale for it:

 

Belden Buys Grass - 1

Belden Buys Grass - 2

Belden Buys Grass - 3

 

Belden Buys Grass - 4

 

 

Belden Buys Grass - 5


Belden Buys Grass - 6


Related Content:

Press Release: Belden Reports Solid Results in Fourth Quarter 2013 and Announces Binding Offer to Acquire Privately Held Grass Valley for $220 Million

Press Release: Technicolor to sell its Broadcast Services activity to Ericsson

Belden Q3 2012 Revenue Declines 6 Percent, Miranda “Off to a Slow Start”

Broadcast Vendor M&A: Miranda Buys Softel

Belden Closes Deal to Acquire Miranda

More Broadcast Vendor M&A: Belden Buys Miranda for $350 Million in All-Cash Deal

More Broadcast Vendor M&A: Technicolor Closes Deal to Dispose of Grass Valley Transmission Business

Technicolor Receives Binding Offer for Video Head-End Business

Technicolor decides not to sell digital signage provider PRN

Technicolor completes sale of Grass Valley to Francisco Partners

 

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© Devoncroft Partners 2009 – 2014. All Rights Reserved.

Save the Date: Third Annual Media Technology Strategy Conference at the NAB 2014 Show

broadcast industry trends, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor M&A | Posted by Joe Zaller
Jan 20 2014

SAVE THE DATE

SHIFTING MEDIA ECONOMICS:

IMPACT ON STRATEGY, FINANCE
and TECHNOLOGY

 Sunday, April 6, 2014     1:30pm

Las Vegas Convention Center, Room N235

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NAB 2014 Strategy-Session-Logos

 

In conjunction with the NAB Show, Silverwood Partners and Devoncroft Partners are presenting the third annual strategy event focused on the most relevant industry trends and industry-specific factors affecting business decisions in the media technology industry.

This intensive, information-packed series of presentations and panels will offer attendees the informed opinions of technology purchasers, industry executives, market research organizations, and financial professionals. The event will serve as a thought-provoking kick-off to the 2014 NAB show.

Highlights will include panel discussions featuring: leading vendor CEOs; senior executives from leading broadcasters; and private equity investors who will speak to the opportunities and challenges involved with financing the next phase of technology change in the industry.

In addition, the audience will benefit from preliminary excerpts from the Devoncroft Big Broadcast Survey, the industry’s definitive demand-side market report, and the IABM DC Global Market Valuation Report, the industry’s definitive supply-side market report.

More than 400 executives attended this event in 2013. We hope to see you there in April 2014.

This year’s event is included in the Broadcast Management Conference (BMC) track. Registration for the BMC track is required for attendance.

For more information and registration details, please visit the event homepage, which will be updated with speakers as they are confirmed.

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Devoncroft Partners 2009 – 2014. All Rights Reserved.

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Broadcast Vendor M&A: IBM to Acquire Aspera

broadcast technology market research | Posted by Joe Zaller
Dec 20 2013

IBM announced that it will acquire Aspera, a provider of IP content acceleration technology.

According to IBM, the Aspera acquisition “builds on IBM’s Smarter Commerce initiative by allowing businesses to accelerate their digital supply chains between partners and suppliers, and extends IBM’s capabilities in managed file transfer with a complementary set of capabilities to help enterprises further gain control and oversight of their data transfers.”  Aspera’s product offering will be integrated with IBM’s recently acquired SoftLayer cloud infrastructure after the deal closes sometime in the first quarter of 2014.

Terms of the deal were not disclosed, but I did get a bit of insight into the company when I spoke to Aspera CEO Michelle Munson at the IABM Annual Conference, about a week before the deal was announced.

According to Munson, who co-founded Aspera in 2004 with Serban Simu (described in this interview from 2009), the company is self-funded, profitable, and has been growing at double-digit percentages (50% year-over-year according to Munson) since launch.

Munon said Aspera has about 170 employees today, up 80% in the past two years according to this 2012 presentation.  While she did not provide specifics of the company revenue, a back of the envelope calculation based on the company’s employee numbers, and growth in headcount and customer licenses shows that Aspera is one of the larger pure-play software companies in the broadcast industry.

The company’s produces file transfer software based on its proprietary fasp (fast, adaptive, secure protocol), which the company says is “consistently ranked first in every WAN transfer throughput benchmark it was ever evaluated in.”

Although the majority of its revenue comes from the media industry, Aspera also sells into other industry verticals, such as oil & gas, where there is a requirement to move and manage “big data.”

Aspera’s media customers range from broadcast networks, to sports broadcasters, film studios, post-production facilities, and content producers, to internet companies including Amazon, Netflix, and Apple’s iTunes.

“Our experience working with thousands of clients on Big Data projects tells us that companies can better compete and win when they can quickly extract value from massive volumes of data,” said John Mesberg, Vice President, B2B and Commerce Solutions, IBM. “With this acquisition, IBM addresses a key challenge for globally integrated enterprises by allowing them to move large data files much faster to the individuals who need them, wherever in the world they may be.”

“Our team has redefined how the world’s biggest data can be moved quickly, securely and reliably around the world,” said Munson. “By tapping into IBM’s innovative capabilities and global resources, we will solve ever-expanding data movement challenges for our customers now and in the future.”

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Related Content:

Press Release: IBM to Acquire Aspera to Help Companies Speed Global Movement of Big Data

From Laid-off Engineer To Successful Startup CEO: Michelle Munson of Aspera

Aspera Presentation – What is FAST

Aspera – Media Industry Customer Showcase

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© Devoncroft Partners 2009 – 2013. All Rights Reserved.

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