Published March 28th, 2018
Revenue grows 70% in 2017, profitably topping $5M
Amsterdam (The Netherlands), March 15th, 2017 – 24i Media, an industry-leading Internet TV app developer for the world’s top media companies, today announced yet another year of record growth. The success in 2017 has been driven by signing up more than 20 new customers, including leading brands such as Tennis Channel, Entel, EdgeTV and RTÉ
2017 was a strong year for 24i Media, both in terms of growth in new customers and new partners, but also in staff and revenue, with a whopping 70% growth. This powerful momentum will continue in 2018, as the company is taking new strategic initiatives to bolster its technology innovation and global growth.
“The acquisition of the Siemens CVC front-end team to support the increasing demands for our services is a big success and saw its full value in 2017. The team is now fully integrated into 24i and we’re looking forward to significantly expand our team in 2018,” said Hans Disch, Chief Strategy Officer at 24i. “With the new strategic initiatives and opportunities that we’re working on, we’ll continue to combine our very strong autonomous growth with targeted acquisitions, to be better equipped than ever to take the front-seat in technology innovation in the OTT industry.”
Underscoring demand for its flexible and proven technology, Amsterdam based 24i has witnessed a 282% revenue growth over the last three years. In 2017 the company grew with about 70%. With this growth 24i also secured a spot on the prestigious Inc.5000 list of the fastest growing companies in EMEA in 2017. The list, seen as a ‘celebration of innovation’ and a distinguished ‘network of entrepreneurial leaders’, honors private companies that have achieved significant overall staff and revenue growth over a three-year period.
“Making the Inc.5000 list is a testament to 24i’s ability to innovate and introduce new solutions to a market that is constantly evolving at an unbelievable pace. I am thrilled and proud of the 24i Team which has grown in leaps and bounds in talent and has continued to provide unparalleled service to our ever-increasing number of forward-thinking clients across the globe,” said Martijn Van Horssen, 24i’s Chief Executive Officer. “We feel great about our set up for 2018 and our ability to continue delivering record-setting results and our plans and ambitions to keep surprising the industry with technology innovation.”
The company also significantly expanded its client base across both broadcasters, media companies and operators, including signing recognized corporates and brands, such as Sinclair Broadcasting Group, NPO, RTE, Entel, Globo and the Tennis Channel. 24i strengthened its position in all geographic markets, especially EMEA, North America and Latin America.
24i Media’s growth continues to be fueled by strong market demand for their proven technology framework for the development and deployment of leading Internet TV app solutions.
Meet 24i Media at NAB, booth SU9301CM
24i Media will be showcasing their feature rich set of TV applications at the NAB Show in Las Vegas, booth SU9301CM, April 9-12 and welcomes visitors to drop by their booth or book a meeting to discover how they can leverage 24i’s next generation tools and technologies to stand out from competitors and capitalize on 24i’s flexible and proven solutions.
The companies’ combined capabilities will create greater value for customers and set the pace in a fast-evolving industry
Apr 07, 2020
First Look Media launches new OTT streaming video service for ‘culture cravers’ on topic.com, Apple TV and iOS, Android, Amazon Fire TV and Roku.
Amsterdam, The Netherlands - 7 April 2020 – 24i, the industry-leading video experience company, today announced that Topic, the new entertainment streaming service from First Look Media, has chosen 24i to power its new streaming video experience across topic.com, Apple TV and iOS, Android, Amazon Fire TV and Roku.
24i provides Topic with a brand-new suite of subscription and ad-supported video applications each with a consistent, intuitive video experience irrespective of viewing platform or device. The next-generation 24i Smart OTT productised solution, integrated with specialist partner technologies from Bitmovin, CenturyLink, Cleeng, EZDRM and JUMP enables Topic to extend, manage and monetize its programming to a fast-growing audience of ‘culture cravers.’
“We’re committed to providing our audiences with compelling and thought-provoking programming that reflects their values and interests, wherever they wish to access it,” said, Ryan Chanatry, Topic’s General Manager. “The smart products and solutions provided by 24i enable the Topic team to dynamically create next-generation video experiences, customize the presentation of titles by platform, and to differentiate Topic in an increasingly competitive direct-to-consumer video market”.
Topic, which officially launched November 21 2019, is a new streaming service offering North American premieres of global favourites along with original programming that includes a variety of scripted dramas, comedies, discussion shows, documentaries, and non-scripted programming which highlight human-focused stories from creators with a passionate point of view.
“The quality and variety of Topic’s programming make it extremely attractive to their growing audience,” said Martijn van Horssen, Joint-CEO of 24i. “By being able to support Topic’s platform-agnostic delivery strategy, we are delighted to deliver their next-generation video experiences and super-charge their growth to new platforms and audiences.”
Topic aims to push the art of storytelling to new heights by exploring different genres and media formats to develop and showcase impactful and engaging programming. The new service sources programming from leading global media companies, acquiring the rights to titles premiering at the world’s most prestigious film festivals as well as streaming original programming produced in-house by Topic or in partnership with some of today’s most prolific creators. Topic’s parent company is First Look Media, a company that was launched in 2013 by eBay founder Pierre Omidyar.
Within the 24i Smart OTT product, Topic can readily launch and manage its new, next-generation OTT service and extend its reach to multiple platforms, including iOS, Android, Apple TV, Roku and the web. In addition, the 24i SMART BACKSTAGE management and insight manager ensures Topic delivers a consistently high-quality and personalised streaming service to every subscriber on their choice of device.
Jul 22, 2020
Amsterdam, The Netherlands – 22 July 2020 – 24i, the industry-leading, global video experience company, today announced the launch of its Video Experience Platform (VEP), a smart and cost-effective SaaS platform that, for the first time, productizes all the services required for the convergence of Pay-TV, IPTV, and OTT streaming.
VEP has been designed to accelerate time-to-market while delivering the essential flexibility and functionality required for the creation of next-generation video services.
“The launch of the 24i Video Experience Platform challenges traditional industry delivery models by maximizing flexibility and functionality to provide service providers with, for the first time, the freedom to choose their own path to delivering next-generation video experiences,” said Martijn Van Horssen, Joint-CEO 24i.
Combining significant industry experience, consumer insight, and modern microservices-led architecture, 24i has created a powerful, modular, and flexible SaaS platform that focuses on the consumer, prioritizes operational efficiency, and provides cost-effective, agile technologies to ensure flexibility, scalability, and continuous innovation.
“The development of this exciting new platform has been informed by the deployments we’ve handled recently for customers such as BroadwayHD, Slovak Telecom, T-Mobile Czech Republic, Topic, and Youfone. Every customer is different, but they all need flexibility and a laser focus on the consumer. By launching services through VEP for all these customers with very different aims and goals demonstrates that this new platform is incredibly flexible and powerful. We look forward to our new platform continuing to help TV and video service providers to stay audience relevant by taking advantage of new business opportunities at every stage of their video evolution,” added Van Horssen.
VEP combines 24i’s Smart Apps framework, the 24i Smart Video engine, 24i Backstage, and a Smart Ecosystem of technologies and partners, to power the redefinition of the modern video experience.
The 24i Smart Apps framework supports every media company’s unique video business strategy and technology architecture with custom or white label applications, UX, and UI development. The framework simplifies the syndication and delivery of live and on-demand TV and video content to mobiles, web, Smart TV, TV, STBs, and game consoles.
24i Smart Video is a feature-rich platform that gives video providers the operational flexibility for end-to-end multiscreen video delivery. Smart Video simplifies the syndication and delivery of live and on-demand TV apps across mobile, web, smart TV, game consoles, and Set-Top-Boxes (including support for HbbTV and ATSC 3.0. The scalable cloud-based model is designed to leverage existing infrastructure and/or 3rd party technologies and provides options for on- or off-premise deployment of relevant workloads, such as service creation and video processing. The platform takes in and converts raw live or on-demand libraries to the required delivery formats for all types of devices, including encoding and transcoding of linear content to multiple bitrates and resolutions.
24i Backstage is an award-winning, real-time UX and integration manager that allows media companies to define and manage their application experiences by connecting back-end systems via a cloud-based management console. Backstage enables media companies to configure apps, define and schedule content availability or promotion, curate content, orchestrate and enrich metadata, and seamlessly integrate with ecosystem technologies.
Additionally, 24i has also announced the launch of the Smart Ecosystem, which ties together the online video value chain through a seamless combination of in-house products and premium partner integrations. This open ecosystem delivers TV and video service providers with the most effective video experience solutions based upon their unique business needs and growth strategies. Modular and flexible, the 24i Smart Ecosystem is designed to scale and expand platform architectures without the complexities and risks typically associated with a multi-vendor strategy.