|By Marketwired .||
|January 17, 2014 07:30 AM EST||
PLAINVIEW, NY -- (Marketwired) -- 01/17/14 -- NeuLion, Inc. (TSX: NLN), the leading enabler and provider of live and on-demand content to Internet-connected devices, today announced the signing of a multi-year agreement with Microsoft to provide live sports content for the Xbox One -- Microsoft's latest incarnation of their next generation gaming and entertainment console. With the agreement, Microsoft licenses the NeuLion Sports Platform, along with NeuLion provided services to develop, host and operate the delivery of specific live sports content to be determined by Microsoft on the Xbox One.
NeuLion will deliver live 24/7 linear channels, stats data, and on demand content for broadcasts to Xbox One giving fans of live sports the ability to watch a high quality live video experience seamlessly integrating real-time data for stats and highlights.
NeuLion's leading software technology will capture multiple live sports feeds on its cloud based service to format the content for delivery to the Xbox One. Video will be consumed by fans at up to 6 mbps per stream and at an incredible 60 frames per second on the Xbox. This is the highest quality of live video to be delivered on an Internet-connected device.
"One of NeuLion's core strengths is our ability to get our partners to market fast with an integrated experience," said Chris Wagner, Executive Vice President and Co-Founder of NeuLion. "Our sports platform has helped to reduce the complexities involved and deliver for Xbox fans a tremendous live sports experience on the game console."
NeuLion has a long-standing relationship with Microsoft as an Xbox development partner for several Xbox 360 applications including professional sports partnerships.
"NeuLion has enabled us to merge high-definition video with real-time data to create an interactive experience that is only available on Xbox One," said Wil Mozell, general manager of Sports Entertainment Group, Microsoft.
NeuLion, Inc. (TSX: NLN) offers the true end-to-end solution for delivering live and on-demand content to Internet-enabled devices. NeuLion enables content owners and distributors, cable operators and telecommunications companies to capitalize on the massive consumer demand for viewing video content on PCs, smartphones, iPads and other similar devices. NeuLion's customers include major entertainment, sports, global content and news companies. NeuLion is based in Plainview, NY. For more information about NeuLion, visit www.neulion.com.
Certain statements herein are forward-looking statements and represent NeuLion's current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words "will," "expect," "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can,""should," "could," or "might" occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers' subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the "Risk Factors" section of NeuLion's Annual Report on Form 10-K for the fiscal year ended December 31, 2012, which is available on www.sec.gov and filed on www.sedar.com.
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