JW Player, the leading video software and data insights platform, today announced it is acquiring VUALTO, a leading provider of live and on-demand video streaming and Digital Rights Management (DRM) solutions. The acquisition deepens JW Player's already robust offering to global broadcasters and further accelerates its vision to empower customers with independence and control in today's Digital Video Economy by offering easy-to-use, scalable video technology.
This acquisition arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a must have' not only for broadcasters and media companies, but also for organizations of all types, including for JW Player customers in fitness (Centr app), e-commerce (Tag Heuer), sports (Miami Heat) and e-learning (GoNoodle), among others. These new entrants have a diverse range of needs and require a scalable and flexible video platform that allows them to connect and engage with their audiences on the screens of their choice. Given these dynamics, the addressable market will grow from $14B today to $50B by 2027, a 20% CAGR.
Over the past two years, digital video has become ubiquitous. We now live in the Digital Video Economy, and as a platform company that empowers our customers with independence and control, JW Player is uniquely positioned to succeed in this environment, said Dave Otten, CEO and co-founder of JW Player. Joining forces with VUALTO further solidifies our position. Their world-class technology stack expands our platform to include broadcast-level live streaming and content protection services, which are critical for today's customers. We could not be more excited about this partnership and look forward to innovating together with the highly-talented VUALTO team.
JW Player's platform combines highly-scalable video delivery with data insights from 2.7 billion unique monthly devices to help its customers achieve their business goals with video. VUALTO complements JW Player's offering with market-leading, high-end live streaming and DRM services for broadcasters. The combined result is a single platform for high-quality live and on-demand video delivery across mobile, web and OTT platforms; secure content delivery; and unique insights, intelligence and monetization features to help customers grow their revenue.
Camilla Young, CEO and co-founder, VUALTO, said, This is a huge growth opportunity for us as a business, as well as for our team. Our successful partnership with JW Player over the past year has given our teams the opportunity to successfully go-to-market under real-world circumstances. Through this, a natural culture match between our teams has already developed, which gives us incredible confidence that together we will be hugely successful. As we embark on this new chapter, our commitment to our existing broadcast customers and our DRM service remains, and we will continue to provide the same high level of support and service that our customers have come to expect from VUALTO.
VUALTO will expand JW Player's customer base with prominent customers in the European market and elsewhere, including ITV, the UK's most popular commercial TV channel, French national public broadcaster France TV, and the European Parliament. These broadcasters join over 12,000 media companies already using the JW Player platform, including broadcasters such as FOX, BBC, CNBC, EuroSport and VICE.
More from TV-Bay
10/06/2021
Advanced Systems Group (ASG), a leading media technology and engineering firm, today announced Brian Lundin has joined the company as senior technical project m...
09/06/2021
The comprehensive portfolio of the German KVM manufacturer Guntermann & Drunck (...
09/06/2021
The G&D Asia Business Group is expanding. The KVM manufacturer Guntermann & Drunck (G&D) welcomes two new employess in Shanghai and Ghouangzou. To provide custo...
09/06/2021
In its mission to revolutionise real-time content rendering, disguise has unveiled its new rx II hardware release, with the fastest and most powerful profession...
09/06/2021
Dejero has appointed Francois Vaillant as its new senior technical product manager. Vaillant joins Dejero from CBC (Canada Broadcasting Corporation), where he s...
09/06/2021
LiveU, the leader in live video streaming and remote production solutions, today...
09/06/2021
NBC Olympics, a division of the NBC Sports Group, has selected RTS to provide br...
09/06/2021
TVU Networks, the market and technology leader in cloud and IP-based live video solutions, today announced its TVU Anywhere solution has integrated support for ...
09/06/2021
NBC Olympics, a division of the NBC Sports Group, has selected Grass Valley to p...
09/06/2021
A VITEC MGW Diamond quad channel encoder is helping to bring the Jockey Club of Saudi Arabia to a worldwide audience. The Riyadh-based club was seeking to expan...
09/06/2021
LynTec, a leading manufacturer of innovative electrical power control solutions ...
09/06/2021
Gene Zimmerman, president of Cobalt Digital, has announced the promotion of four key team members noting that the multiple moves are an indicator of the compan...
09/06/2021
EditShare , a technology leader that enables collaborative media workflows for storytellers, today announced that public media producer GBH, the largest content...
09/06/2021
Xite Labs utilised the disguise Extended Reality (xR) workflow, powered by a gx ...
09/06/2021
NBC Olympics, a division of the NBC Sports Group, has selected TAG Video Systems...
08/06/2021
PlayBox Technology, the leading channel in a box provider for media companies worldwide, has completed an order for the broadcast service of an American state g...
08/06/2021
UK loudspeaker manufacturer PMC has appointed Budee Group to handle distribution of its entire range of professional audio products into China, Hong Kong and Ma...
08/06/2021
Marshall Electronics launches its CV568 and CV368 Global Shutter Cameras with Ge...
08/06/2021
AJA Video Systems today rolled out the new compact PAK Dock Pro media reader featuring ubiquitous USB-C connectivity. With no external power supply required, th...
08/06/2021
AJA Video Systems has introduced FS-HDR v4.1 for its powerful, real-time HDR/WCG converter and frame synchronizer. Available today as a free firmware update, FS...
08/06/2021
AJA Video Systems has released Mini-Config v2.26.2, a free software update that introduces a host of new features for select AJA 12G-SDI, 4K/UltraHD and other M...
08/06/2021
FilmLight, the leader in colour management technology, has announced a new programme of awards which will honour colourists and the art of colour worldwide. The...
08/06/2021
Blackmagic Design today announced that the indie music label Scruff of the Neck is broadcasting live as part of an official Twitch partnership using the ATEM Mi...
08/06/2021
NBC Olympics, a division of the NBC Sports Group, has selected Calrec to provide...
08/06/2021
Actus Digital, a leading provider of compliance monitoring and QA logging soluti...
08/06/2021
Harmonic today announced that company executives will bring their unique perspectives on the ultra-connected future of broadband at the upcoming ANGA COM online...
08/06/2021
Prasad Corporation (Prasad) announces the appointment of Mark Smirnoff as President for- North America, responsible for sales and operations.
Prasad is one of...
08/06/2021
Signiant to Enable NBC Olympics to Streamline Remote Production During its Cover...
08/06/2021
ATEME, the leader in video delivery solutions for broadcast, cable TV, DTH, IPTV and OTT, today announces that its NEA streaming solution now supports full chan...
03/06/2021
Frame.io, the world's leading cloud-based video review and approval platform, today announced Frame.io 3.7.1. This update features new Adobe integration ext...
03/06/2021
Dalet, a leading technology and service provider for media-rich organizations, i...
03/06/2021
Chyron today announced major enhancements to the companys popular web-based AXIS...
03/06/2021
Cobalt Iron Inc., a leading provider of SaaS-based enterprise data protection, t...
03/06/2021
Through a strategic integration with Amazon Web Services (AWS), EEG Video is pushing new boundaries in closed captioning, helping customers harness the flexibil...
03/06/2021
Audio Engineers of Detroit has opened a new recording studio in midtown Detroit with a 32 channel Neve Genesys Black console at the heart of its main control r...
03/06/2021
ALT Systems, a premier systems provider and integrator for the Media & Entertainment (M&E) industry, today announced that Richard McKernan has joined the compan...
03/06/2021
ATEME, the leader in video delivery solutions for broadcast, cable TV, DTH, IPTV...
03/06/2021
Visual Data Media Services, a global provider of media services, distribution, a...
03/06/2021
After missing trade shows for more than a year due to the COVID-19 global health crisis, Broadpeak is excited to exhibit at Mobile World Congress 2021. During t...
03/06/2021
Salrayworks, producers of high quality video products today announced a new partnership with DigiBox in the UK and Ireland.
Salrayworks develop intelligent, e...
03/06/2021
Bitcentral Inc., a well-known provider of efficient media workflows in the U.S. and Latin America, has completed centralizing operations for Entravision Communi...
03/06/2021
DPA Microphones is pleased to announce the appointment of S ren H gsberg as Executive Vice President of Sales and Marketing, effective immediately. As a former ...
03/06/2021
FOR-A Corporation of America today announced Dunwoody Baptist Church in Atlanta anchored its recent AV overhaul with a FOR-A HVS-490 video switcher and MFR-3000...
01/06/2021
Chyron today announced the hiring of Nigel Davies as the companys new venues account manager responsible for building and extending relationships with college a...
01/06/2021
Tracab today announced the release of Coach Paint 8.3, the latest version of the companys popular sports-agnostic sports analysis and coaching software. Version...
27/05/2021
City TV-Radio Agency inSt. Petersburg,Russia, has installed a Calrec Summa console in its first UHD OB truck. Neva is a 16-camera unit and was designed and buil...
27/05/2021
Mo-Sys Engineering, world leader in precision camera tracking solutions for virtual studios and augmented reality, provided support for Bluman Associates and mi...
27/05/2021
The Alliance for IP Media Solutions (AIMS) today revealed the presentations confirmed for AIMS TechFest 2021 Presents IP Showcase. Hosted by AIMS, in partnershi...
27/05/2021
IBC, the worlds most inspiring content and technology event, today confirmed that IBC2021 will take place on December 3-6 at The RAI in Amsterdam. The announcem...
JW Player, the leading video software and data insights platform, today announced it is acquiring VUALTO, a leading provider of live and on-demand video streaming and Digital Rights Management (DRM) solutions. The acquisition deepens JW Player's already robust offering to global broadcasters and further accelerates its vision to empower customers with independence and control in today's Digital Video Economy by offering easy-to-use, scalable video technology. 
