24i Media acquires StreamOne

Published March 21st, 2019

24i Media acquires StreamOne

Fast-growing video app developer strengthens and extends its innovative technology stack

 

Amsterdam (The Netherlands), March 21st, 2019 – 24i Media, one of the industry-leading video app developers, has extended its platform’s capabilities by the acquisition of StreamOne, the young and innovative media technology provider that fuels the video applications of one of the largest publishers in the Netherlands, TMG. With the acquisition, 24i gets full access to the cutting-edge knowledge and technology of StreamOne, strengthening its capabilities to integrate with its strategic partners like OVPs and streaming video providers, and to optimize the end user experience.

This is 24i’s third acquisition in twelve months. It is part of its ambitious strategic plan and technology vision to continue to revolutionize the OTT ecosystem with technology innovations and to provide customers and partners with powerful new tools to better manage assets, maximize efficiencies, deliver new capabilities and optimize OTT value creation and monetization.

“The acquisition of StreamOne’s technology is a leap forward for 24i in its ambition to innovate and optimize the user experience, user interaction and consumer value of tomorrow’s OTT services. The OTT chain is really complex especially for broadcasters and content owners. With this acquisition we can simplify the creation and launch of video services for our customers,” said Martijn van Horssen, CEO at 24i. “The StreamOne architecture and expertise throughout the OTT production chain improves our cooperation with and services to our strategic partners. With the StreamOne technology we can create future-proof and seamless integrations with our technology partners. StreamOne’s technology stack also accelerates our product roadmap with new modular functionalities and strengthens the architecture of our technology stack.”

Founded in 2012, StreamOne deploys a powerful suite of tools to publish videos to any device, anytime and anywhere. StreamOne offers a robust interface that has plug & play integrations with third-parties for publishers and broadcasters.

“Today marks a transformational moment for StreamOne, and I’m delighted to join forces with one of the leading providers of video streaming apps – a global brand that is shaping the future of OTT. 24i’s proven track record, its extensive partner network and its continuous drive for innovation, guarantees a strong fundament and fertile soil for our creative ideas and technology vision to accelerate the value creation of our innovative technology stack,” said Ruud van der Linden, Founder and CEO of StreamOne. “I am excited for this incredible opportunity to contribute to accelerate and scale 24i’s business and provide a new class of next-generation OTT technology to enhance our partner and customer relationships worldwide.”

From April 8th to 11th during the NAB Show in Las Vegas (booth SU9610), 24i Media and StreamOne will show a sneak preview of their future joint products, including 24i’s fully renewed and integrated technology stack after its recent acquisitions of Vigour and Mautilus. 24i’s module-based technology framework allows broadcasters, operators and media companies to create and launch personalized streaming video services on all screens, tailored to their needs. With this modular approach, customers can build their apps with state-of-the-art components, or they can purchase a fully completed package.

 

 

Streaming subscriptions overtook cable in 2018

For the first time ever, global subscriptions to online video services surpassed cable subscriptions in 2018, according to IHS Markit research cited in the Motion Picture Association of America's "2018 THEME Report." The MPAA report citing IHS Markit data has shown that there were more subscriptions worldwide to online video services (613.3 million) than there were for cable (556 million) in 2018, reflecting a 27 percent jump in streaming over 2017. Cable subscriptions dropped two percent in that period. IP-based TV overtook satellite, too, indicating a larger overall shift to the digital realm. The annual report covers both the home and theatrical entertainment markets (THEME stands for "Theatrical and Home Entertainment Market Environment").The data in the report also indicated that people were spending more on digital video at home than trips to the theater. While theatrical spending did grow ever so slightly in 2018 to $41.1 billion, people around the world spent a total of $42.6 billion on streaming, downloads and video-on-demand. Discs, meanwhile, declined to $13.1 billion -- just over half of what it was back in 2014. Spending on physical media is down 48% since 2014, while digital spending has increased by 170% in the same period, according to IHS Markit and Digital Entertainment Group research cited in the report. Cable and satellite are still larger than streaming when combined. More importantly, cable and satellite are still the most lucrative in terms of sheer revenue, if not necessarily profit. Cable's influx of cash grew $6.2 billion in 2018 to reach $118 billion, suggesting that those people who did stick with cable were paying more than ever. The MPAA added that most of those who were subscribing to internet services also had conventional TV, suggesting that the number of cord cutters isn't as large as you might think. These are nonetheless major milestones for internet video. It's now the most popular individual TV format in terms of sheer subscriptions, and companies wanting the widest possible reach might have to pay attention. 24i Media has been helping global brands design, create and launch innovative video streaming apps across all devices and platforms since 2009. If you need some help to create or update your online video service, we’d be happy to discuss how we can help you launch video streaming apps people love to use. Contact us today to learn more.