Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Wireless, OTT video at heart of Verizon’s AOL buy

Roshan Dwivedi Published on : 13 May 2015

verizon-aol

Verizon Communications Inc. says it has agreed to buy Internet content pioneer AOL Inc. for approximately $4.4 billion. The deal will strengthen Verizon’s content play in LTE wireless video and over the top (OTT), as well as aide its Internet of Things (IoT) strategy, the company believes.

The company reported May 8 that revenues for its fiscal first quarter reached $625.1 million, up 7% versus 1Q14. However, the company also revealed that subscriber numbers and desktop display impressions had declined year-over-year. For fiscal 2014, AOL reported revenues of $2.53 billion, up 9% over full-year 2013.

In a press statement, Lowell McAdam, Verizon chairman and CEO, described the pending acquisition of AOL as complementary to his company’s drive to create a global multicast video on demand services platform.

“AOL has once again become a digital trailblazer, and we are excited at the prospect of charting a new course together in the digitally connected world,” McAdam said. “At Verizon, we’ve been strategically investing in emerging technology, including Verizon Digital Media Services and OTT, that taps into the market shift to digital content and advertising. AOL’s advertising model aligns with this approach, and the advertising platform provides a key tool for us to develop future revenue streams.”

Read the entire story here.

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
June 14

8:00AM PST

Importance of User Types in a Streaming Platform’s Success

In this webinar, you will learn :

  • Different types of users in the streaming platform and their behaviors
  • Way to set up the best monetization strategy for different type of users by meeting their needs
  • Possible marketing options to cover these users and increase revenue

Event Language: English
1 hour