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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vividas | LSE:VDS | London | Ordinary Share | GB00B04NK713 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6197D Vividas Group plc 11 September 2007 Tuesday 11 September 2007 VIVIDAS GROUP PLC Technology and Entertainment Market Update Vividas (VDS.L), the video streaming technology company, announces the launch of VivCast Live Professional and an update on contracts signed in the entertainment industry. VivCast Live Professional The new streaming technology enables the delivery of full-screen broadcast quality video to satisfy any foreseeable market demand of simultaneous viewers, using less bandwidth than before. VivCast Live Professional is the only streaming solution with multiple levels of redundancy, guaranteeing an uninterrupted online viewing experience, equal to traditional broadcasters. Using http streaming architecture, the Vividas solution breaks streamed IP video down into a sequence of small, cacheable files, ultimately reducing the chances of failure with a large number of viewers. This ensures that VivCast Live Professional has the potential to deliver video to millions of simultaneous online viewers with no reduction in picture or delivery quality, rather than only to thousands offered by competitors streaming via traditional unicasting methods. VivCast Live Professional, together with Vividas' On-demand technology, now enables broadcasters and content owners to launch what the Board believes is the only true scalable Internet TV solution in the world that offers both On-demand and live streaming solutions. Entertainment Market Update In the Pay Per View ("PPV") entertainment announcement of 5 July 2007, it was stated that Vividas was in talks regarding over 30 contracts for films in PPV markets. The Company has signed 15 of these contracts in the last eight weeks and negotiations continue with the remainder, as well as additional opportunities. These contracts are to supply enabling technology for film contracts for all major regions. It is clear that PPV films in the mainstream markets are likely to achieve financial success only with significant promotion and marketing, which is the responsibility of Vividas' clients. A number of these new films can either be found on www.vividas.com or will be available in the near future. Vividas has recently also making good progress in the adult industry, where potential clients already have an online audience and where direct marketing through well established websites with loyal customer bases can be undertaken. Vividas has established Evotum, a new subsidiary set up to spearhead its operations in the adult entertainment market. Evotum has made initial contract signings to supply Vividas technology to award winning content owners in the US, including Wicked Pictures, Kick Ass Pictures, VCX, and Dane Productions. In addition, Evotum has appointed resellers in Europe and Asia. Evotum has a substantial number of other contract negotiations in progress with other leading content owners. Paul Neville, Chief Executive of Vividas, stated, "The establishment of Evotum is the start of a change in strategy to ensure that Vividas technology, through the Evotum brand, becomes recognised as the premium video streaming solution in the largest online entertainment industry, namely adult entertainment. All our major competitors, as well as other blue chip organisations, supply their technology into this market, and we see it as significant to our business that adult studios and content owners are able to deliver the quality and full screen High Definition advantages of the Vividas technology to their end customers. In signing award winning, premium content owners, such as Wicked Pictures, Evotum will enable this acceptance to be accelerated through a separately branded business." About Vividas: Vividas is an AIM-traded developer and provider of video streaming technology and related products which enable straightforward playback on personal computers of full screen, high quality video via discs or over networks, including the Internet, normally without requiring software installation. Vividas proprietary technology overcomes the disadvantages of competing CD and streaming market solutions. These competing technologies typically offer only partial screen, or poor quality full screen, viewing and generally require the user either to have or to install specialist player software. For more information, visit www.vividas.com. Enquiries: Vividas Group plc 020-7189 5532 Paul Neville (Group CEO) Greg Minns (Group FD) Bankside Consultants Charles Ponsonby 020-7367 8851 Steve Liebmann 020-7367 8883 Landsbanki Securities (UK) Fred Walsh 020-7426 9000 This information is provided by RNS The company news service from the London Stock Exchange END MSCSFMFWSSWSEIU
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