Netgem FY down 6%; new content partnerships
January 12, 2017
For the quarter ended December 31st 2016 Netgem, the end-to-end video entertainment provider, has announced a consolidated revenue of €15.5 million, bringing total consolidated revenue for 2016 to €74.3 million, down 6 per cent compared to 2015.
The objective of opening 5 new markets in 2016 with the new #TelcoTV solution bundling Netgem smart devices with its TV platform is well under way, four new markets have already been confirmed to date and the sales pipeline should allow Netgem to exceed this objective in the course of 2017.
2016 also marked the beginning of transitioning to 4K, with several trials and a first successful launch by one of our customers. This transition will continue this year, and Netgem says it plans to use it to accelerate the adoption of the Netgem TV platform by its existing customers
Meanwhile, Netgem has secured a total of nine additional content partnerships 2016, bringing the total number of partners to more than 60. In order to further expand its offering to telecoms operators, Netgem has signed partnerships with some of the best known content providers, including Hayu, Cool School, Plex, Smart Kids TV Gamefly, SPI and Couchplay Games.
“The telecoms market is an incredibly competitive space, with a range of service providers competing hard to maintain revenue streams and gain new customers” said Sylvain Thevenot, Managing Director of Netgem. “By signing agreements with leading content providers on our #TelcoTV platform, we are enabling telcos to save both in terms of cost and time-to-market as they deploy engaging TV programming to their customers. Operators can then focus on delivering the best customer experience, rather than having to deal with the challenges of securing and maintaining content services and building out content management infrastructure.”