Pilat Media to launch OTTilus
Pilat Media Global, a supplier of business management software to the media industry, has announced a deal with SimpleStream, a UK company specialising in OTT video solutions, whereby the parties will cooperate in developing the business of OTTilus, a new jointly owned UK company. Pilat Media will own 60 per cent of OTTilus and SimpleStream will own 40 per cent.
“Through OTTilus our objectives are to increase focus on the emerging OTT market, cover a larger part of the OTT value chain and generate new revenue opportunities with existing and new clients globally,” said Avi Engel, CEO of Pilat Media Global. “By leveraging existing technology, knowhow and a talent pool that SimpleStream brings to the joint venture, we can shorten our time to market.”