Cinedigm selects Limelight CDNMonday, April 10th, 2017
Cinedigm Selects Limelight Networks’ Global CDN to Deliver Content for its Over-the-Top Networks Business
- Deal provides Cinedigm’s users highly reliable, fast access to broadcast quality movie and TV shows and expands Cinedigm’s Global OTT Capabilities
LOS ANGELES — Cinedigm (NASDAQ: CIDM) and Limelight Networks, Inc. (Nasdaq: LLNW) today announced that Cinedigm will use Limelight’s Content Delivery Network (CDN) to prepare, store and deliver movies and TV shows to its current and future install base of users of its Over-the-top (OTT) Networks.
Limelight’s integrated suite of technologies will simultaneously improve the quality of service of Cinedigm’s video applications, optimize user engagement across devices, and significantly reduce delivery costs. Additionally, leveraging Limelight’s global presence sets the stage for delivering Cinedigm’s networks on a global scale. According to Digital TV Research, 59% of the $35.37 in new OTT revenues by 2020 will come outside of North America.
“As we continue to strengthen and expand our OTT infrastructure to support growth, Limelight Networks emerged as the ideal CDN choice,” said Erick Opeka, EVP of Digital Networks for Cinedigm. “Limelight’s experience delivering amazing content experiences and proven global reach will enable us to tap into the rapid growing OTT markets in Asia Pacific, Europe and Latin America.”
The deal comes amidst Cinedigm’s recent announcements expanding its world-class OTT infrastructure, including the addition of DRM support from Google, Apple and Microsoft, as well as device footprint expansions to more than 60 Million devices including Google Chromecast, Android TV and Amazon Fire TV.