Virgin Media Inc.
) is offering an innovative video service called TV Anywhere.
This state-of-the-art application platform will enable the
company's subscribers to watch up to 45 live TV channels on
several devices including TVs, PCs, smartphones and tablets. This
simply means that customers can view the live TV shows even if
they are out of home using their mobile devices. Furthermore, by
using this application, subscribers can manage recorded programs
) developed set top box from a remote place.
Since Dec 2010, Virgin Media started offering a
next-generation Web TV platform to its subscribers. The company
is utilizing TiVo Inc.'s industry-leading set top boxes for this
offering. This new converged digital TV platform provides
improved graphics, on-demand video content, catch-up TV service,
Web-based applications including games and personal video
recorder. Virgin Media's new product integrates the Internet and
live TV on one screen through fiber-optic cable. Over 1 million
subscribers have already installed Virgin Media's next-generation
For its latest TV Anywhere service, Virgin Media has used
) ProMedia software suite for video processing and encoding. The
company has also used Concurrent Computer Corp.'s MediaHawk VX
content delivery network solution for content workflow features,
DRM management and session-based policy controls for multi-screen
On Feb 5, 2013, in a significant strategic move, Virgin Media
came out with a joint press statement with
Liberty Global Inc.
), regarding an agreement per which, Liberty Global will acquire
a full 100% in Virgin Media, in a cash and equity deal. The deal
has a total consideration of around $15.8 billion or an
enterprise value of nearly $23.3 billion. Both the companies
expect the deal to be completed by the second quarter of 2013,
subject to customary regulatory approval. Virgin Media currently
has a Zacks Rank #4 (Sell).
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