September 26, 2022

Tag: FLM

Arts

Analytics, Personalization and Monetization Differentiates Global Online Video Platforms

— In order to remain competitive, vendors must create tighter technology partnerships to provide customers with value-added services, finds Frost & Sullivan

MOUNTAIN VIEW, Calif., Aug. 27, 2014 /PRNewswire/ — The global online video platform (OVP) market is set to double by 2019 as video rapidly becomes a critical means of stakeholder communication and collaboration for enterprises globally. Due to content proliferation and the bring your own device (BYOD) trend, OVP’s are becoming an essential fixture as media and entertainment (M&E) companies are urged to economically deliver video to fast-growing, fragmented video-enabled consumer devices. 

A new analysis from Frost & Sullivan, Analysis of the Global Online Video Platforms Market, finds that the market earned revenue of $369.4 million in 2013 and is estimated to reach $800.2 million by 2019.

For complimentary access to more information on this research, please visit: http://bit.ly/1tlv4s1

“As more niche content finds its way online and intense competition causes customers to differentiate on content selection, time to market, and quality of experience, OVPs will be critical to ensure business success for M&E firms,” said Frost & Sullivan Digital Media Industry Analyst Anisha Vinny. “The inability of M&E organizations to handle the complexity of publishing video online is particularly fuelling the demand for OVPs that can manage and monetize video assets.”

Where budgets are constrained and in regions where the economy has yet to pick up, OVP deployments are slower, which in turn makes home-grown solutions or YouTube popular substitutes. Security concerns around handling branded Intellectual Property (IP) in the cloud and the lack of enterprise-wide video strategies also present challenges.

In addition, there is also confusion around what constitutes an OVP owing to the number of features, including transcoding, DRM, analytics and multi-platform delivery. From a customer’s perspective, comparing various product features, pricing and deployment options is complicated. This lack of market awareness around exact capabilities of an OVP makes consumer education and the right messaging critical.

“Investing in tighter technology partnerships to provide customers with value-added services and critically analyzing product portfolios to make partner versus acquire decisions will be key to maintaining a competitive edge in this market,” noted Vinny. “Even if they do not cultivate a strong local presence, OVP vendors must at least invest in building relationships with reseller channels in Latin America, the Middle East and Asia-Pacific to widen their market scope.”

As a result, offering analytics, metrics and personalization that enable companies to derive value from their video assets will help OVP vendors differentiate themselves in the evolving market.

Analysis of the Global Online Video Platforms Market is part of the Digital Media (http://www.digitalmedia.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Big Data Analytics Market, Global Lecture Capture Solutions (LCS) Market, Global Video and Ad Insertion Server Market, Global Media and Entertainment Solutions for the Cloud, and Global Enterprise Video Webcasting Solutions. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

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Analysis of the Global Online Video Platforms Market
ND40-70

Contact:
Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
F: +1.210.348.1003
E: clarissa.castaneda@frost.com

http://www.frost.com

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Arts

Twentieth Century Fox Consumer Products and Village Roadshow Plan for World Class Theme Park in Korea

SEOUL, Korea, July 16, 2014 /PRNewswire/ — Governor Hong Joon-pyo, Gyeongsangnam-do Province, Jeffrey Godsick, president of Twentieth Century Fox Consumer Products, and Tim Fisher, CEO of Village Roadshow Theme Parks, announced the signing of Memorandum of Understanding (MoU) agreements to plan for Korea’s first international theme park and resort destination, Twentieth Century Fox World, at 11:00 KST, July 16, 2014 at the Foreign Correspondents’ Club of Korea Press Foundation. The proposed park will be part of a larger development in the Republic of Korea known as the Ungdong Entertainment Complex.

Initial plans for Twentieth Century Fox World Korea include a theme park spanning more than 75 acres of land and will be part of a 700 plus acre leisure resort and development that will bring to life a fully immersive entertainment experience featuring some of Fox’s most recognized and beloved film and television brands. The park will be located in the Ungdong Area of Busan-Jinhae Free Economic Zone, Jinhae-gu, Changwon City. Operating partner Village Roadshow, one of the leading independent entertainment companies in the world, joins the group as a design and development consultant, and the manager of the studio theme park.

“We are signing the agreements and moving forward with plans for our global theme park project with Twentieth Century Fox Consumer Products to develop a world-leading theme park and with Village Roadshow to operate the theme park. We will make every effort to successfully develop this global theme park through close cooperation with Fox and Village Roadshow. Once the theme park is completed, we expect more than 10 million foreign and local tourists will visit and the local economy will be boosted by creating 30,000 jobs, which is equivalent to attracting 100 manufacturing businesses,” said Governor Hong Joon-pyo.

“Korea provides a unique opportunity for an international theme park destination that will be incredibly attractive to both a thriving domestic consumer as well as a quickly growing tourist market from China, Japan and across Asia,” said Jeffrey Godsick, president of Twentieth Century Fox Consumer Products. “Our efforts in working with the Gyeongsangnam-do Provincial Government for a Twentieth Century Fox World theme park in the Republic of Korea illustrate our commitment to growing our global entertainment destination brand and a monumental step to further engage and connect with our audiences in key markets.”

“We are honored to work with Village Roadshow to develop a premiere theme park for the Republic of Korea that brings to life our globally-embraced film and television brands through richly themed environments and immersive and exciting narrative-based attractions,” said Greg Lombardo, vice president, global location based entertainment at Twentieth Century Fox Consumer Products.

“Village Roadshow Theme Parks is very excited to have the opportunity to work with the Gyeongsangnam-do Provincial Government and Twentieth Century Fox on the planning, design, development and operation of the theme park. With properties like Alien, Ice Age and Planet of the Apes, we believe this studio theme park will offer consumers in Korea and Asia the best theme park experience in the history of the industry,” said Tim Fisher, the CEO of Village Roadshow Theme Parks.

The announcement of the plans to develop Twentieth Century Fox World Korea joins a host of groundbreaking location based entertainment announcements from Twentieth Century Fox Consumer Products. Fox Consumer Products recently announced Fox’s first ever theme park, Twentieth Century Fox World, set to open in Malaysia in 2016. The park will feature a fully immersive entertainment experience featuring some of Fox’s most recognized and powerful film brands. Fox Consumer Products also announced the expansion of Springfield at Universal Studios Hollywood, coming in spring 2015, and has seen great success with the expansion of Springfield USA in August 2013, a full immersive experience for fans of The Simpsons at Universal Orlando resort.  

About Twentieth Century Fox Consumer Products:
A division of 21st Century Fox and recognized industry leader, Twentieth Century Fox Consumer Products licenses and markets properties worldwide on behalf of Twentieth Century Fox Film Corporation, Twentieth Century Fox Television and Fox Broadcasting Company, as well as third party lines. The division is aligned with Twentieth Century Fox Television, the flagship studio leading the industry in supplying award-winning and blockbuster primetime television programming and entertainment content.

About Village Roadshow Theme Parks
Part of Village Roadshow Limited, a leading international entertainment and media company, Village Roadshow Theme Parks (VRTP) is an international theme park operator with operations in Australia, the United States and China. The Company is Australia’s largest theme park operator with Warner Bros. Movie World, Sea World, Wet’n’Wild Gold Coast, Paradise Country, Australian Outback SpectacularVillage Roadshow Studios, Sea World Resort and the country’s newest theme park Wet’n’Wild Sydney.   In the United States, VRTP is the majority owner and operator of Wet’n’Wild Las Vegas in Nevada. VRTP also is advising on design and construction of a new mega park development, including a water park and marine park, on Hainan Island in China and will subsequently operate the parks under a management agreement.

Media Contacts:
Erin O’Brien, 20th Century Fox
310.369.5140, Erin.Obrien@fox.com

Kim Jun-yol
Gyeongsangnam-do Provincial Government
055-211-3146, kimjunyol@korea.kr

Logo – http://photos.prnewswire.com/prnh/20140715/127418
Logo – http://photos.prnewswire.com/prnh/20140715/127419

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