PLAINVIEW, N.Y., Sept. 15, 2017 (GLOBE NEWSWIRE) -- 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 a new partnership with NOVA Broadcasting Group (NOVA), a Bulgarian broadcaster, to launch a new over-the-top (OTT) service.
NOVA, part of Modern Times Group (MTG) and the leading TV broadcasters and digital media company in Bulgaria, delivers entertainment and premium sports content to Bulgarian viewers including F1, NBA, English Premier League, EFL and more. Powered by the NeuLion® Digital Platform, a complete end-to-end video solution, the all-new service – DIEMA XTRA PLAY - will deliver live linear channels and live events to viewers on multiple devices, including responsive web, iOS and Android mobile and tablet, as well as Chromecast.
“We wanted to create an application where viewers can access and enjoy all our sports content in one place and in the best quality by fusing our world-class content with NeuLion’s world-class technology,” said Dimitar Radev, Head of Content Distribution & New Platforms at NOVA. “With a well-known, recognized leader in the industry like NeuLion, we trust that their technology offerings will not only deliver our content online to viewers, but expand our potential audience reach and grow our digital business exponentially.”
Leveraging the flexibility of the NeuLion Digital Platform, NOVA allows content to be accessed through authentication, subscription, pay-per-view and ad-supported models. The service will be integrated with Nova’s current Vbox7.com video portal as well as with other partner companies.
“We are very excited to be partnering with NOVA to deliver their premium content over-the-top,” said Roy Reichbach, President and CEO of NeuLion. “As a top-tier sports and entertainment broadcaster in EMEA, NOVA adds strong value to our customer portfolio as we continue to expand our company’s scope worldwide.”
About NeuLion
NeuLion, Inc. (TSX:NLN) offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide including the NFL, NBA, EFL, World Surf League, Univision, Eleven Sports Network and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators through its MainConcept business. NeuLion’s robust consumer electronics licensing business enables its customers like Sony, LG, Samsung and others to stream secure, high-quality video seamlessly across their consumer devices. 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,” 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 Saffron Digital Limited; our ability to realize some or all of the anticipated benefits of our partnerships; our ability to increase revenue; 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, 2016, which is available on www.sec.gov and filed on www.sedar.com.
CONTACT INFORMATION
Press Contact: Chris Wagner | chris.wagner@neulion.com | +1 516 622 8357
Investor Relations Contact: Rob Kelly | rob.kelly@loderockadvisors.com | +1 416 992 4539