RCS - Aferian PLC - 24i and Amagi power new Virgin Media FAST channels

AferianAnnouncement

23/08/2023 07:15

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RNS Number : 1360K  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                               
                                                                      
 Investec plc (NOMAD and Broker)                                     +44 (0)20 7597 5970
 David Anderson / Patrick Robb / Nick Prowting / Cameron MacRitchie

 FTI Consulting LLP (Financial communications)                       +44 (0)20 3727 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
(http://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 (http://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
(http://www.amagi.com)

 

 

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