ACTON, Mass., Dec. 3, 2014 (GLOBE NEWSWIRE) -- SeaChange International, Inc. is delivering every form of premium video experience in a new OTT platform unveiled today named SeaChange Rave™. Rave addresses every consumer preference for OTT video and TV, including on-demand, time-shifted, live and downloaded content enjoyed on any device. The platform empowers studios, broadcasters, networks, media companies, and video service providers to maximize the value of their complete catalog with the power of SeaChange's exhaustive analytics, promotions and advertising features.
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Rave comprises every component required to build an OTT business with the integrity and quality defined by premium subscription television – from multi-device consumer experiences and storefronts to content ingestion. Rave is further distinguished by its ability to unify OTT and television delivery in a single platform with the core SeaChange technologies that are proven in service to millions of consumers connecting by cloud, IPTV and HFC for billions of video streams annually.
"Until now the OTT phenomenon has mainly been about reaching the biggest possible audience, not about getting the most revenue from the TV and video content that consumers most prize," said SeaChange CEO Jay Samit. "With the unlimited reach of the cloud and the reality that consumers have multiple IP connections going 24x7, we've created Rave to advance OTT's goal, to place value for content ahead of all else, and surround it with experiences that fully integrate the connected consumer lifestyle. Both content owners and service providers can capture the potential of the estimated $40 billion* OTT opportunity from a single, virtually managed platform that completely secures and markets video streaming and downloading."
SeaChange Rave is the Premium OTT Video Platform for media companies and service providers built on SeaChange's decades of innovation and service to demanding TV operations globally. Rave enables live, time-shifted, pay-per-view and on-demand video services and storefront creation. Advanced content recommendations, discovery and social media are enabled through SeaChange's user experience and third-party apps. Deployable in cloud SaaS and other flexible models, Rave raises the bar on OTT performance with services, tools and integrations that go well beyond today's online video platforms' basic capacity for workflow, media management and analytics. Rave enables extensive video and interactive cross-device advertising throughout individual streams and user experiences. Advanced content promotion and monetization features include download to purchase and rent, subscription packaging and couponing.
Rave is backed by SeaChange's global Professional Services organization, a strategic partner to media companies and service providers from consumer service conceptualization through launch, mass-market commercialization, and ongoing performance monitoring and management. The combination of SeaChange's technology and expert workforce was chosen by OTT customer BBC Worldwide for its BBC Store, which will go live in 2015.
Learn more about Rave at www.schange.com/rave.
About SeaChange International
Ranked among the top 250 software companies in the world, SeaChange International, Inc. (Nasdaq:SEAC) enables transformative multiscreen video services through an open, cloud-based, intelligent software platform trusted by cable, telco and mobile operators globally. Personalized and fully monetized video experiences anytime on any device, in the home and everywhere, are the product of the Company's superior multiscreen, advertising and video gateway software products.
SeaChange's customers include many of the world's most powerful media brands including all major cable operators in the Americas and Europe, and the largest telecom companies in the world. Headquartered in Acton, Massachusetts, SeaChange is TL 9000 certified and has product development, support and sales offices around the world. Visit www.schange.com.
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*Global OTT Revenue to Rocket to $42 Billion by 2020, Digital TV Research, Sept. 2014.
