BOSTON & MUMBAI, India--(BUSINESS WIRE)--
Brightcove (NASDAQ: BCOV), the leading provider of cloud services for video, announced a new deal today with LoneRanger Productions to develop an over-the-top (OTT) service for the production company. The deal represents Brightcove’s first deal with a Bollywood production company.
LoneRanger is headed by Vikram Bhatt, a 30-plus year veteran of the Bollywood scene and the director of classic Bollywood films such as Ghulam, Raaz, and 1920. With its Transactional Video On Demand (TVOD) OTT service, LoneRanger will deliver the best of its mystery and suspense content to consumers. The service is expected to launch in mid-November.
“Today’s viewing experience is as much about mobile delivery as it is about television. So we were looking for a partner that could help us revolutionize the user experience for Bollywood fans on all platforms,” Bhatt said. “Brightcove’s platform performance, player speed and technology stack were real differentiators in creating a service that was theater-like for our viewers. We also wanted a vendor that could help us get to market quickly and, using the Brightcove platform, we anticipate being able to stand up our service within weeks after signing the contract.”
“When we opened our office in Mumbai earlier this year, we did so believing India posed an enormous opportunity because of the explosive growth in online video in the region,” Andrew Feinberg, CEO, Brightcove said. “Our rapid penetration into the Bollywood production market is evidence of the opportunity, and I couldn’t be more pleased that it is with a brand and director the caliber of LoneRanger and Mr. Bhatt, respectively.”
About Brightcove
Brightcove Inc. (NASDAQ:BCOV) is the
leading global provider of powerful cloud solutions for delivering and
monetizing video across connected devices. The company offers a full
suite of products and services that reduce the cost and complexity
associated with publishing, distributing, measuring and monetizing video
across devices. Brightcove has thousands of customers in over 70
countries that rely on the company’s cloud solutions to successfully
publish high-quality video experiences to audiences everywhere. To learn
more, visit www.brightcove.com.
This press release may include forward-looking statements regarding anticipated objectives, growth and/or expected product and service developments or enhancements. Such forward-looking statements may be identified by the use of the following words (among others): "believes," "expects," "may," "will," "plan," "should" or "anticipates," or comparable words and their negatives. These forward-looking statements are not guarantees but are subject to risks and uncertainties that could cause actual results to differ materially from the expectations contained in these statements. For a discussion of such risks and uncertainties, see "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K. Brightcove assumes no obligation to update any forward-looking statements contained in this press release in the event of changing circumstances or otherwise, and such statements are current only as of the date they are made.
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