Cinedigm (NASDAQ:CIDM) has selected Verizon Digital Media Services to power the streaming and syndication of linear content for its over-the-top (OTT) networks. The move to the Verizon Digital Media Services platform is intended to enable delivery of Cinedigm's linear video services to an array of streaming devices, platforms and providers.
The deal encompasses the streaming of DOVE NOW, Cinedigm's 24/7 programmed linear channel, as well as future linear services to be announced later this year. Cinedigm will utilize the Verizon Digital Media Services Uplynk Video Streaming service to ingest, encode, package and deliver linear video.
"Next-generation linear platforms such as Sling TV, DirecTV NOW, and YouTube TV are expected to replace up to 20% of existing cable and satellite subscriber homes within the next three years," said Erick Opeka, executive vice president of Digital Networks for Cinedigm. "Verizon Digital Media Services' proven track record with the world's leading broadcasters will enable us to achieve the quality and reliability needed as we expand into this exciting new market."
"We take pride in offering services that enable content providers like Cinedigm to go-to-market with OTT linear channels quickly, cost-effectively - and most importantly, in a manner that delivers the highest quality of content to viewers on their mobile and connected devices," said Ralf Jacob, president for Verizon Digital Media Services. "Through our end-to-end digital media platform, our customers have access to the critical resources that will enable them to effectively scale and monetize content, including innovative features such as server side ad insertion available through our Uplynk Video Streaming service."