glomex GmbH of Germany and Axel Technologies of Finland announced today that they have formed a partnership to deliver a turnkey streaming and end-to-end OTT solution for pay-per-view live events at an affordable price.
Live streaming of sports, music and cultural events present a significant business opportunity. Especially for broadcasters and video publishers who can add it to their subscription service (SVOD), to their advertising service (AVOD) or as a standalone one-time pay-per-view purchase. However, the cost associated with live streaming events has always been prohibitively expensive.
“We have recognized the obvious need and significant business potential for agile and cost-efficient solutions for OTT live events”, states Petri Kalske, CEO of Axel Technologies. “Multi-CDN services and expertise in content business makes glomex the perfect partner for our Fuugo OTT Platform. I believe our joint cost-efficient and agile solution for streaming live events is something the market has been waiting for.”
Axel Technologies will provide 360-degree device coverage with its Fuugo OTT platform, which offers comprehensive content, customer and app management systems. glomex will provide the underlying video delivery technology with its industry-leading Media Delivery Service (MDS), which supports all modern streaming formats and DRM technologies.
Together, these technologies will ensure that video can be smoothly delivered to any device, anywhere in the world, regardless of the bandwidth situation. MDS is already one of the largest content delivery networks in Europe, currently supporting three billion video views on 50+ online and mobile platforms, primarily for ProSiebenSat.1 Media SE, one of the most successful independent media companies in Europe.
Fuugo is a registered trademark of Axel Technologies, a Finland based OTT platform provider. Fuugo is powering several OTT services in Europe, US and LatAm and serving major broadcasters, innovative OTT start-ups and various content owners. Fuugo OTT platform provides 360-degree device coverage with comprehensive content, customer and app management systems. Fuugo is the most agile OTT platform offering support for hybrid business models and pre-integrated payment systems.
“glomex -The Global Media Exchange” is a unique, international marketplace for premium video content. The one hundred percent owned subsidiary of ProSiebenSat.1 Media SE, based in Munich, offers its “Media Exchange Service”, an easy to operate, web-based platform where owners of professionally produced videos and web publishers can trade content for reach – easily and without friction. The necessary technical infrastructure is provided by glomex in the shape of a cloud-based transactional platform. Delivery and distribution of the videos is executed through the award-winning glomex video delivery infrastructure, which also holds a market-leading ad block management solution. The Media Delivery Service (MDS) is a truly scalable platform for even the largest events.