Vubiquity, an Amdocs Company, Wins Verizon Managed Services Deal for All On-Demand Content
New automated workflows introduced to support expansive video portfolio on Verizon’s Fios Platform
Mutlichannel News - JUL 31, 2018
ST. LOUIS, July 31, 2018 (GLOBE NEWSWIRE) -- VUBIQUITY, an Amdocs (NASDAQ: DOX) company and a leading provider of premium content services and media technology solutions, today announced its managed services and technology platforms will provide the processing and packaging of Verizon’s vast video on-demand (VOD) and Pay Per View (PPV) portfolio across the Fios multiscreen platform. This deal also continues to include a content licensing component which is an extension of the prior relationship.
“Verizon remains vigorously focused on making content personal with video that can go anywhere to meet the demands of even the most discerning customers,” said Heather McDavitt, vice president of Verizon Fios Consumer Products.
As the bridge to over 630 content owners, Vubiquity will be supplementing Verizon’s expansive collection of assets across existing and future formats, including but not limited to 4K and High Dynamic Range (HDR). In addition, Vubiquity will make all of this media and entertainment available in a variety of business models, including TV on-demand, rental, PPV and Electronic Sell-Through (EST). This will allow Verizon’s customers to watch a robust selection of films and TV shows from major blockbusters to smaller independent films, as well as television series and digital assets from more than 100 media brands on any device.
“We are pleased to expand our partnership with Verizon as they continue to innovate for consumers across the complex and transformative media landscape,” said Darcy Antonellis, Head of the Amdocs Media Division.
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VUBIQUITY, part of Amdocs (NASDAQ: DOX), connects content owners and video providers to deliver entertainment to viewers on any screen. Working with 600+ leading film studios, television networks, independent producers and Digital First providers, VUBIQUITY brings premium content to over 1,000 global video distributors. VUBIQUITY has offices in Los Angeles, Toronto and London. For the latest company news, follow us on Twitter @VUBIQUITY or visit www.vubiquity.com.
Amdocs is a leading software and services provider to communications and media companies of all sizes, accelerating the industry’s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more information, visit Amdocs at www.amdocs.com
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017 and our quarterly 6-K form furnished on February 12 and May 21, 2018.