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Publication by August 19, 2022, Later Market It closes.ing
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EVS Broadcasting Equipment SA: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
10-year deal worth more than $50m for EVS sparks big tech interest in US sports rights
August 19Th 2022, EVS.com
EVS, a provider of live video technology, announced today that it has signed a 10-year contract worth more than $50 million. This agreement includes EVS Live Production, Replays and delivery of the LiveCeption solution®Combined with a long-term Service Level Agreement (SLA). It also offers the customer EVS several benefits including the latest technological innovations and improvements to the installed base, predictable operating cost, with capital expenditure expansion over time, an easy way to plan for future expansion and premium SLA.
The deal comes as big tech companies are spending billions of dollars to secure media rights to North America’s most popular sports leagues, intensifying competition with linear networks to secure live sports content. And the bidding war is just beginning as the tech giants see live sports programming as the best way to increase subscription numbers and grow their distribution platforms.
“This partnership is a sign of confidence from one of our key North American customers,” said Quentin Grutman, EVS Chief Customer Officer. North America continues to be a strategic market for EVS and the recent strengthening of our North American team and leadership will enable us to achieve our ambitious plans.
Serge van Herk, CEO of EVS, added: “Big Tech’s entry into live sports has set off a chain reaction in the broadcast industry, with broadcasters and live service providers investing in future-proof technology as they look to expand their production capabilities. “We are extremely proud of this multi-year agreement, which represents a new chapter in our company’s history. It clearly demonstrates EVS as a strong partner, capable of meeting the future challenges of the broadcast and media industry. Above all, it provides our customers with practical “peace of mind” for the next 10 years.
| For more information please contact:
Verl De Witt, CFO* |
|
Forward-looking statements |
| About EVS
EVS is recognized worldwide as a leader in live video technology for broadcast and new media productions. Our passion and aim is to help our clients create immersive stories that begin to return the best on emotions. Through a range of products and solutions, we deliver the most compelling live sports footage, entertainment and breaking news to billions of viewers every day – and in real time. |
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