Pilat Media, SimpleStream Launch OTTilus To Attain Broader Market

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Jul 11, 2012 11:57 AM

Pilat Media Global and SimpleStream are mutually rising OTTilus, a new firm specializing in OTT video systems for broadcasters, stage operators and new media ventures.

Pilat Media will own 60 percent, and SimpleStream will own 40 percent of the new company.

SimpleStream, a London-based startup, was founded in 2010. Fourteen customers in the UK use its OTT platform, inclusive the Food Network, At the Races and Ideal Shopping. SimpleStream's hosted network allows its users to river channels to multi-part gadgets and broach catch-up TV services over the Internet.

With the enhancements being updated and by leveraging Pilat Media's existing software, service smoothness and general presence, OTTilus will encouragement the needs of incomparable broadcasters, operators and customers outward of the UK.

For the initial 5 years of its life - with a few exclusions - OTTilus will be both companies' disdainful van for delivering OTT systems to TV broadcasters and operators. SimpleStream will go on to give its OTT systems to nonbroadcasters.

Pilat Media already is entangled with several OTT-related projects in that its flagship Integrated Broadcast Management System's (IBMS) multiplatform rights, calm and media administration capabilities are used as segment of wider multivendor systems.