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Thursday, July 31, 2014

European Broadcast Giant RTL Group Buys 65% Stake in SpotXchange for $144 Million

European broadcast and entertainment giant RTL Group has bought a 65% stake in online video ad platform SpotXchange for $144 million, plus an earnout based on performance and an option to buy the remaining 35%. SpotXchange will continue to operate as an independent company, with CEO Mike Shehan saying that funds will be used to accelerate growth, particularly in Europe.

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thePlatform and Verizon Digital Media Partner for Full Online Video Solution

Cloud-based online video publishing company thePlatform has partnered with Verizon Digital Media Services to help drive multi-screen video delivery for pay-TV operators and content providers. Under the deal, VDMS services have been integrated with thePlatform's mpx video management system, forming a solution that will be jointly sold. The primary benefit is streamlined online video workflow which can be managed from a unified console.

Key to the integration is Verizon's single-format video acquisition and distribution capability, which is primarily attributable to VDMS's acquisition of upLynk last November. upLynk enables content to be encoded one time, with the resulting adaptive stream working across all devices, thereby reducing complexity. upLynk complements the EdgeCast content delivery network which Verizon also acquired late last year.

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