|By Marketwired .||
|February 14, 2014 07:29 AM EST||
PLAINVIEW, NY -- (Marketwired) -- 02/14/14 -- NeuLion, Inc. (TSX: NLN), the leading Internet video technology provider for delivering live and on-demand content to any Internet-enabled device, today announced its TV Everywhere Platform is being used to power live Olympic streaming experiences in China and Portugal to a vast fan base.
China's consumer market, forecasted to become the second largest in the world by 2015, continues to grow at a rapid rate. Both Chinese and foreign companies are exploring new ways to keep up as the market evolves. CNTV and NeuLion have continued to stay at the forefront of the expanding Chinese marketplace with their premium digital service, CNTV 5+ VIP. The newest addition to CNTV 5+ VIP is the action packed coverage of the 2014 Winter Olympics in Sochi including exclusive coverage of hockey games as well as all Team China games throughout the Olympics.
"Our partnership with NeuLion helps us create a leading digital experience for our viewers," said WenBin Wang, General Manager of CNTV, the new media agency of CCTV. "The interest in the Olympics here in China is big and our large audience will be very excited by this great digital service CNTV and NeuLion have created for our Olympics fans."
Sport TV, the number one sports network in Portugal, will use its Sport TV Multiscreen service, powered by NeuLion, to provide subscribers to its premium sports HD multi-screen package authenticated access to live Olympic action on multiple devices. "The vast experience of NeuLion was indispensable when choosing a digital technology partner last year," said Nuno Ferreira, Director of Programming at Sport TV. "We wanted to go with a leader in live digital delivery of our sports channels and NeuLion's experience made us feel confident with our decision. Sport TV has always placed a heavy emphasis on high quality delivery to our subscribers and our partnership with NeuLion ensures we remain at the forefront."
NeuLion's broad distribution of Olympic coverage on Europe and Asia in partnership with each of these Olympic broadcasters makes the NeuLion Platform a wide reaching digital platform for Olympic streaming with exciting coverage being delivered both live and on demand.
More than just streaming, each of these services will offer consumers a premium, high-quality, interactive digital experience for the 2014 Olympics that includes linear channel broadcasts, real-time live events, enhanced DVR and playback controls, highlights, stats and more on PC, mobile and tablet devices.
"We're thrilled by the opportunity to showcase our leading TV Everywhere Platform to a worldwide audience working with our partners in China and Portugal," said Chris Wagner, EVP and Co-Founder of NeuLion. "The sheer size and potential to continue to expand new digital services around the world is enormous. We are fortunate to have great partnerships with CNTV and Sport TV and we are excited to add coverage for the 2014 Olympics."
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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