TIDMAFRN
Aferian PLC
23 August 2023
23 August 2023
RNS Reach
AFERIAN PLC
("Aferian", the "Company" or the "Group")
24i and Amagi power new Virgin Media FAST channels
Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions
company, in collaboration with its technology partner Amagi, today
announces that UK telecoms, media, and internet company, Virgin
Media, has used its 24i integrated solution to launch and monetise
a new line-up of themed Free Ad-supported Streaming TV (FAST)
channels on Virgin TV. 24i worked in partnership with Amagi, the
global leader in cloud-based SaaS technology for broadcast and
connected TV, on the project.
An initial selection of 14 channels have been rolled-out to
Virgin Media's V6, TV 360 and Stream set-top boxes (STBs), allowing
customers to instantly access an extended range of attractive
content, monetised through advertising.
Harnessing the Appstage application framework within the 24i Mod
Studio streaming platform - which is pre-integrated with Amagi's
playout solutions - the project introduced the FAST channels into
Virgin Media's Electronic Programming Guide (EPG) without making
any changes to existing STB configurations.
The app was configured to perfectly align with Virgin Media's
UX, facilitating a seamless integration of channels into Virgin
Media's EPG, providing an enhanced user experience for their
customers on V6, TV 360 and Stream STBs running the RDK and Opera
operating systems.
Donald McGarva, Chief Executive Officer of Aferian plc, said:
"This has been a real team effort to give Virgin Media's customers
access to a range of exciting new streamed content with a great
user experience. The successful and seamless roll-out to a variety
of device models already in the field is a testament to the
powerful and flexible combination of 24i's Appstage Big Screen
client, cloud-based Backstage content management system, and
Amagi's unrivalled FAST solutions."
Srinivasan KA, Co-founder and CRO at Amagi, said: "Our
collaboration with Virgin Media has been an excellent opportunity
for us to showcase our technical prowess. Our achievement in
integrating multiple FAST channels into Virgin Media's STB
environment through a unified gateway has significantly enriched
user choice and paved the way for incremental revenues."
For further information please contact:
Aferian plc +44 (0)1223 598197
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
+44 (0)20 7597
Investec plc (NOMAD and Broker) 5970
David Anderson / Patrick Robb / Nick Prowting
/ Cameron MacRitchie
+44 (0)20 3727
FTI Consulting LLP (Financial communications) 1000
Matt Dixon / Emma Hall / Tom Blundell / Aisha
Hamilton
About Aferian plc
Aferian plc (AIM: AFRN) is a B2B video streaming solutions
company. Our end-to-end solutions bring live and on-demand video to
every kind of screen. We create the forward-thinking solutions that
our customers need to drive subscriber engagement, audience
satisfaction, and revenue growth.
It is our belief that successful media companies and services
will be those that are most consumer-centric, data driven and
flexible to change. We focus on innovating technologies that enable
our customers stay ahead of evolving viewer demand by providing
smarter, more cost-effective ways of delivering end-to-end modern
TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software
solutions empower our customers to heighten viewer enjoyment, drive
growth in audience share and ultimately, their profitability.
Aferian plc has two operating companies: 24i, which focusses on
streaming video experiences, and Amino, which connects Pay TV to
streaming services. Our two complementary companies combine their
products and services to create solutions which ensure that people
can consume TV and video how and when they want it. Our solutions
deliver modern TV and video experiences every day to millions of
viewers globally, via our growing global customer base of over 500
service providers.
Aferian plc is traded on the London Stock Exchange Alternative
Investment Market (AIM: symbol AFRN). Headquartered in Cambridge,
UK, the company has over 350 staff located in 11 offices, including
major European cities as Amsterdam, Helsinki, Copenhagen, and Brno,
as well as in San Francisco and Hong Kong. For more information,
please visit www.aferian.com .
About 24i
24i creates irresistible video experiences that simply wow
viewers to keep our customers ahead of the streaming curve. Our
modular software solutions maximise flexibility and time to
market-from a fully cloud-based platform for VOD, FAST and live TV,
to a complete TV-as-a-Service solution.
An Aferian plc (AIM: AFRN) Group company, we help OTT services,
broadcasters and pay TV operators launch differentiated video
streaming services, operate efficiently and grow their brands and
revenue. Our customers include telecoms companies like KPN, Telenor
Sweden, Vodafone Iceland and Entel, broadcasters such as UK TV, KAN
and NPO, and OTT service providers including BroadwayHD, Pure Flix
and MGM+. For more, visit www.24i.com
About Amagi
Amagi is a next-generation media technology company that
provides cloud broadcast and targeted advertising solutions to
broadcast TV and streaming TV platforms. Amagi enables content
owners to launch, distribute and monetize live linear channels on
Free Ad-supported Streaming TV and video services platforms. Amagi
also offers 24x7 cloud-managed services bringing simplicity,
advanced automation, and transparency to the entire broadcast
operations. Overall, Amagi supports 700+ content brands, 800+
playout chains, and over 2100 channel deliveries on its platform in
over 40 countries. Amagi has a presence in New York, Los Angeles,
Toronto, London, Paris, Melbourne, Seoul, Singapore, and broadcast
operations in New Delhi, and an innovation center in Bangalore.
Amagi's clients include ABS-CBN, A+E Networks UK, beIN Sports,
Curiosity Stream, Cinedigm, Warner Bros. Discovery, Fox Networks,
Fremantle, Gannett, Gusto TV, NBCUniversal, Tastemade, and Tegna,
among others. For more information about Amagi and its streaming TV
solutions, visit www.amagi.com
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