Big Tech Interest in us Sports Rights Triggers 10-Year Contract Worth Over $50m for EVS
19 Agosto 2022 - 10:30AM
Big Tech Interest in us Sports Rights Triggers 10-Year Contract
Worth Over $50m for EVS
Publication on August 19, 2022, after market closingInside
informationEVS Broadcast Equipment S.A.: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
Big tech interest in US sports rights triggers 10-year
CONTRACT worth over $50m for EVS
August 19th 2022, EVS.com
EVS, leading provider of live video technology, today announces
it has signed a 10-year contract worth over $50 million with a
major US-based broadcast and media production company. This
agreement includes the delivery of EVS’ live production, replays
and highlights solution LiveCeption®, combined with a long-term
service level agreement (SLA). It also provides the customer with
multiple benefits including access to EVS’ latest technology
innovations and upgrades for its installed base, a predictable
operational spend, with a spread of capital expenditures over time,
an easy way to plan for further expansion and a premium SLA.
The agreement comes as big tech companies intensifiy the
competition with linear networks to secure live sports content by
spending billions of dollars to acquire media rights of the most
prestigious pro sports leagues in North America. And the bidding
wars are just beginning since tech giants see live sports
programming as the best way to increase subscription numbers and
grow their streaming platforms.
Quentin Grutman, Chief Customer Officer at EVS said: “This
partnership is a clear sign of confidence from one of our key North
American customers. North America remains a strategic market for
EVS and the recent strengthening of our North American team and its
leadership enables us to achieve our ambitious plans.”
“Big tech’s move into live sports has sparked a
chain reaction in the broadcast industry, where broadcasters and
live service providers are looking to expand their production
capacity while investing in future-proof technology,” adds Serge
Van Herck, CEO at EVS. “We are extremely proud of this multi-year
agreement which represents a new milestone in the history of our
company. It clearly demonstrates EVS is seen as a solid partner,
able to meet future challenges of the broadcast and media industry.
Most important of all, it provides our customer operational “peace
of mind” for the next 10 years.”
For more information, please contact:Veerle De
Wit, CFO*EVS Broadcast Equipment S.A., Liege Science Park, 13 rue
du Bois Saint-Jean, B-4102 Seraing, BelgiumTel: +32 4 361 70
04. E-Mail:corpcom@evs.com; www.evs.com * representing a
SRL |
Forward Looking Statements This press release contains
forward-looking statements with respect to the business, financial
condition, and results of operations of EVS and its affiliates.
These statements are based on the current expectations or beliefs
’f EVS's management and are subject to a number of risks and
uncertainties that could cause actual results or performance of the
Company to differ materially from those contemplated in such
forward-looking statements. These risks and uncertainties relate to
changes in technology and market requirements, the company’s
concentration on one industry, decline in demand for the company’s
products and those of its affiliates, inability to timely develop
and introduce new technologies, products and applications, and loss
of market share and pressure on pricing resulting from competition
which could cause the actual results or performance of the company
to differ materially from those contemplated in such
forward-looking statements. EVS undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. |
About EVSEVS is globally recognized as the leader in live video
technology for broadcast and new media productions. Our passion and
purpose are to help our clients craft immersive stories that
trigger the best return on emotion. Through a wide range of
products and solutions, we deliver the most gripping live sports
images, buzzing entertainment shows and breaking news content to
billions of viewers every day – and in real-time.The company is
headquartered in Belgium with offices in Europe, the Middle East,
Asia and North America, and provides sales and technical support to
more than 100 countries. EVS is a public company traded on Euronext
Brussels: EVS, ISIN: BE0003820371.For more information, please
visit www.evs.com. |
- Press release in PDF format
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