Tapping content from Vubiquity’s catalog along with newly sourced titles, VIDAA tv will be available on millions of connected TVs starting in the US, followed by a planned global launch later in 2023
JERSEY CITY, NJ – August 2, 2023 – Amdocs (NASDAQ: DOX), a leading provider of software and services to communications and media companies, today announced that Vubiquity, an Amdocs company, has been selected by VIDAA USA Inc., a leading smart TV operating system and content platform powering leading brands worldwide, to provide ad-based video-on-demand (AVOD) / free ad-supported streaming TV (FAST), and transactional video on demand (TVOD) / electronic sell-through (EST) content to VIDAA tv, a streaming hub of free advertising supported video.
Vubiquity will curate, program and schedule content, as well as originate FAST channels for VIDAA audiences – all sourced from its relationships with hundreds of creators and distributors. VIDAA tv, currently available in the US with plans to expand globally, offers VOD, live linear, and ad-supported content for free on Smart TVs manufactured by Hisense, Toshiba and more than a hundred additional TV brands.
Yaniv Gruenwald, President of VIDAA USA, said: “As a leading Smart TV operating system and content platform, our goal has always been to deliver the best global and local content to our consumers in a cost-effective way. Vubiquity is a vital partner for us because they offer a wealth of premium content choices and they make it easy for VIDAA tv to access licensed content from entertainment studios. This supports our growth and momentum in 2023.”
Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs, said: “We are pleased to work with VIDAA, a leader in smart TV operating systems, as they deliver ad-based, free content options to their customers. Content diversity and quality are key to continued adoption by customers around the world and offers such as VIDAA tv will become even more essential to engage customers in a competitive environment.”
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Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers’ innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our 31,000 employees around the globe are here to accelerate service providers’ migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.58 billion in fiscal 2022. For more information, visit www.amdocs.com
VIDAA operates as an inclusive Smart TV platform, fostering innovation by collaborating with over 200 brands worldwide, including Hisense and Toshiba. Delivering an easy-to-use, fast, and secure premium user experience, the platform is highlighted by its personalized recommendation engine and seamless integration of live TV and streaming apps. Additionally, VIDAA supports multiple smart assistants, including its free 23-language smart VIDAA Voice assistant and Alexa, providing comprehensive support for over 180 countries and territories.
Leveraging its global reach, VIDAA assists its publisher and advertiser partners in finding and connecting with a high-value audience through targeted and interactive ads across its platform. The platform’s rich content library features an array of partnerships with industry-leading entities in the streaming world, including global giants such as Netflix, Disney+, Apple TV+, Prime Video, Paramount+, YouTube, and fuboTV. It also includes local partners like Joyn in Germany and Freeview Play in the UK. Furthermore, VIDAA supports global and widely recognized sports and entertainment platforms, including DAZN, NBA League Pass, NFL Game Pass, Deezer, and Rakuten TV, catering to a wide spectrum of viewer preferences and interests.
With millions of active devices worldwide and significant growth momentum, VIDAA serves as the ultimate success partner for more than 200 Smart TV brands, content providers, and advertisers in the Smart TV industry.
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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 and years. 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 macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company’s clients’ businesses and levels of business activity, 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, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs’ filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022 and our Form 6-K furnished for the first quarter of fiscal 2023 on February 13, 2023 and for the second quarter of fiscal 2023 on May 22, 2023.
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