PLAINVIEW, NY- (7/11/2017) - NeuLion, Inc. (TSX: NLN), a leading technology product and service provider that specializes in the digital video broadcasting, distribution and monetization of live and on-demand content to connected devices, today announced that it has renewed the license agreement with LG Electronics to integrate the NeuLion CE SDK for Ultra HD connected devices to live stream sports and entertainment content delivered by the NeuLion Digital Platform. In addition, LG has renewed its license for DivX video support across multiple LG CE product lines.
"LG is at the leading edge of adopting new technologies, and we're pleased that this premium TV brand has chosen to license our NeuLion CE SDK for 4K streaming," commented NeuLion CEO Roy Reichbach. “We continue to see accelerating momentum with our customers to deliver the best viewing experience with 4K being very important. Building on that momentum, we're excited to bring a variety of 4K live streaming sports and entertainment services with an excellent user experience to LG.”
The license renewal between LG and NeuLion reinforces the growing consumer demand for 4K devices and content. According to IHS, the number of households with a 4K TV will grow to 346 million in 2020, up from 28 million in 2015 (IHS White Paper 4K TV and UHD: The Whole Picture Mar 13/17). Research firm Juniper Research says adoption of 4K OTT services will rise notably in the next 5 years (Juniper: 189 Million to use 4K OTT services by 2021 (http://www.todotvnews.com/news/Juniper-189-Million-to-use-4K-OTT-services-by-2021.html)).
NeuLion is leading the way in 4K OTT live sports events. Together with the UFC, NeuLion was the very first to deliver a live, over-the-top, pay-per-view sporting event in 4K. With NeuLion's 4K streaming technology the experience and video quality for consumers is incredible at 4K/UHD resolution and 60 frames per second (fps). The NeuLion Digital Platform includes secure player technology and multi-DRM support to enable robust protection, ease and scale of integration and flexible use-cases. The advanced media playback feature set includes slow motion, instant-replay, multi-language subtitles, multiple audio tracks, multi-CDN switching, and smooth fast forward. Along with the advanced feature set, NeuLion operates a certification testing process that ensures fast TV App load time and high quality live playback experience.
The NeuLion Digital Platform is an end-to-end platform facilitating the streaming of high-quality content up to 4K, for premium sports and entertainment brand worldwide including the NFL, NBA, UFC, WSL, Univision Deportes, and others.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide, including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators through its MainConcept business. NeuLion's robust consumer electronics licensing business enables its customers like LG, Sony, Samsung and others to stream secure, high-quality video seamlessly across their consumer devices. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
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