Satellite operator Eutelsat is taking a minority stake in London-based advanced video compression technology specialist V-Nova. The pair also plan to enter into a commercial partnership focused on satellite video transmission markets, where Eutelsat will exclusively distribute V-Nova’s PERSEUS-powered compression solutions in jointly defined offers for pre-agreed markets.
The collaboration with V-Nova reflects Eutelsat’s commitment to support broadcasters and TV platforms as they transition to High Definition and Ultra High Definition in order to offer consumers an enriched and more immersive viewing experience. The cornerstone of V-Nova’s offerings is PERSEUS, a video compression solution that delivers significant performance improvements in terms of picture quality, processing speed, latency and power consumption, and is compatible with legacy and new hardware. Eutelsat leveraged V-Nova’s PERSEUS solution to deliver live 4K lossless contribution of major matches during the UEFA Euro 2016 Championship in June and July this year. Combining PERSEUS with end-to-end satellite video transmission further strengthens the unique competitive advantage of satellite as the platform offering the highest image quality at reasonable costs.
Julien Seligman, Eutelsat Executive Vice President Global Video Services, said that in partnering with V-Nova, it was adding to its competence in the broadcasting chain and, specifically, was increasing its technology advance by enriching the end-user experience for client broadcasters. “As the video landscape enters an era marked by exceptional signal quality and exponential traffic growth, our investment in and partnership with V-Nova equip us to provide cost-effective and innovative solutions to media companies who rate quality as a key differentiator,” he stated.
“Eighteen months after launch, we are excited by the prospects of our strategic partnership with a major industry player like Eutelsat,” declared Guido Meardi, CEO and co-founder of V-Nova. “The rapid transformation of the industry to HD for all, UHD, HDR and 360/VR immersive video services can only be supported by the combination of best-in-class video processing and Tier-1 data connectivity. A PERSEUS-powered Eutelsat platform is perfectly placed to support operators and service providers in this inevitable transition,” he added.