Insider Reporter


Insider Report

news and views on broadcast and professional video/audio sectors, worldwide

w/e April 23, 2010 SCRI International, Inc © 1984 - 2010

INDEX

Technology News | Industry News | Company News |
Product News | People in the News | Research News

TECHNOLOGY NEWS

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INDUSTRY NEWS

NAB10 Attendance up 6.5% on '09 but Down 21% on 07

Attendance figures for the 2010 NAB Show, showed a total of 88,044, up 6.5% on the dismall showing last year -- 2009 NAB Show final attendance was 82,650. This years attendance was still 16.3% down from '08 and 21% down from '07 -- NAB attendance for '08 was 105,250 and '07 attendance was 105,259 attendees

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COMPANY NEWS

Avid Q1 Revenue Up, Barely -- 2.9%; Net Loss of $13.5M

Avid reported revenues of $156.0 million for the three-month period ended March 31, 2010, compared to $151.6 million for the same period in 2009 -- a 2.9% inrease. The GAAP net loss for the quarter was $13.5 million, or $0.36 per share, compared to a GAAP net loss of $17.3 million, or $0.47 per share, in the first quarter of 2009.

"Our year-on-year first quarter revenue increase is a positive sign not only for the growth of Avid's business, but the industry-at-large," said Gary Greenfield, chairman and CEO at Avid. "We saw some positive momentum at NAB and are excited about the possibilities our new products and the acquisition of Euphonix will play in the future success of our business and our customers' businesses."

Avid Closes Euphonix Acquisition

Avid has completed the acquisition of Euphonix, a supplier of digital audio consoles, media controllers and peripherals. The initial agreement to acquire Euphonix was announced on April 11, 2010. With the acquisition, Avid will deliver a broad range of complementary audio and video control surfaces and consoles designed to meet the needs of customers ranging from the independent professional to the high-end broadcaster. The company plans to maintain full support for both the Euphonix family of products and Avid's existing ICON solutions.

Barco Q1 Sales up 21.7%; Proifit up 52.7%

Barco's order book at the end of March 2010 stood at 382.6 million euro. At the end of March 2009 the order book was 366.5 million euro. Order intake for the quarter increased 36.8% to 216.2 million euro up from 158.0 million euro a year earlier.

Sales of 176.1 million euro were up 21.7% from 144.7 million euro in 1Q09.

Gross profits grew 52.7% to 59.3 million euro up from 38.9 million euro the previous year.

Referring to the results of 1Q10, Mr Van Zele, President & CEO of Barco, said that he was very pleased with the results achieved. He added: “These results illustrate that we have taken the right measures to deal decisively with the crisis of 2009 and that we have repositioned Barco for profitable growth in the years to come.”

Mr Van Zele further stated that demand for Barco's products in the medical division grew strongly in 1Q10 and that orders booked in the digital cinema division exceeded management's expectations. As for the other divisions he said: “All other divisions have implemented programs aimed at meeting their long term 10/10/20 targets (10% growth; 10% EBIT margin; 20% ROCE) and I am happy to report that all six divisions have again turned EBITDA positive.” Mr Van Zele also referred to free cash flow and said: “Free cash flow at the end of 1Q10 was slightly negative. However, this is due to a controlled increase in working capital to support growth of the company.”

Mr Van Zele concluded by saying: “I am cautiously optimistic about Barco's performance for the remainder of 2010.” He added that it is management's expectation that Barco's top line and EBIT in 2010 will be significantly better than in 2008, the last year prior to the crisis year 2009. Sales in 2008 were 725.3 million euro and EBIT was 8.9 million euro. He said that the medical division would contribute well to this growth, both organically and through the acquisition of FIMI. The strongest growth in revenue however, is expected from the digital cinema division. Mr van Zele stated that the previously communicated forecast of 150 million euro sales in 2010 will be exceeded. He further said that Barco was gearing up to significantly increase capacities in digital cinema and that strong growth was to be expected for shipments in the second half of 2010. “This will have a positive impact on the results of the company”, he added.

EVS Acquires OpenCube Technologies

EVS Broadcast Equipment announced the acquisition of OpenCube Technologies, the French specialist in MXF media solutions.

OpenCube Technologies is joining EVS, strengthening the activities of the Belgian group in the production and post production studio markets, by integrating a range of 100% digital workflow solutions based on MXF encapsulation formats.

"We have been working closely with OpenCube for several years, watching carefully the evolution of their MXF software and, more recently, the market adoption of their file-based servers designed for production ingest. The complementary natures of our technologies and the expertise of the OpenCube team in broadcasting and IT were the company's key attractions for our group, enabling us to offer the market even more wide-ranging solutions, while maintaining a high-level service," declares Pierre L’Hoest, CEO of EVS.

The MXF format has now been unanimously adopted by the TV, post production and cinema industries as a standard audiovisual exchange format, enabling media and metadata to be stored in a single container. EVS will now be able to strengthen its range in the MXF solutions market by integrating the MXF toolbox, facilitating migration to the MXF format and enabling metadata and video content to be manipulated through simple, efficient interfaces. These solutions will be complemented by OpenCube's MXF servers, used as digitisation gateways, ingest stations or to replace VTR in production and post production environments, offering significant productivity gains.

Pierre L’Hoest concludes: "Our goal with this acquisition is not only to reinforce OpenCube's research and development capabilities, but also to integrate MXF solutions into EVS’ product range."

Sorenson Media Posts 40+% Revenue Growth

Sorenson Media, has just finished its second consecutive quarter of 40+% revenue growth -- including significant growth across each and every product line: (1) Sorenson 360 online video platform; (2) Sorenson Squeeze encoding application; (3) Squish & SquishNet browser-based encoding and "YouTube in a Box" UGC solutions; and (4) Sorenson Spark codec licensing.

“We are very pleased with the way in which we ushered in this new decade and finished the last,” said Peter Csathy, president and CEO of Sorenson Media. “Our revenues and hiring continue to expand in response to strong demand from companies across the spectrum for the best-in-class quality, flexibility, ongoing innovation and ease of use of our total video solutions. But, while we are pleased with our Q1 accomplishments, we already have moved past that because our future plans and expectations are significantly more aggressive.”

Wegener Delisted from Nasdaq -- Goes to OTCBB)

Wegener Corporation announced that the Company's securities will no longer be listed on Nasdaq and instead will be traded under the symbol WGNR on the Over the Counter Bulletin Board (OTCBB), effective at the opening of trading on April 22, 2010. Wegener Corporation received official notice from Nasdaq on April 20, 2010 stating "… the Nasdaq Hearings Panel has determined to delist the shares of Wegener Corporation (the Company) from The Nasdaq Stock Market and will suspend trading of the shares effective at the open of trading on April 22, 2010."

Troy Woodbury, President and CEO of Wegener Corporation said, "As I stated in our press release on April 12, 2010, it does not appear to be in the best interest of the Company and its shareholders to take extraordinary measures to retain Wegener Corporation's Nasdaq listing. Retention of the listing would require earnings in excess of the current forecast for the third quarter of fiscal 2010, would be expensive, and would require a capital raise which is not practical at this time. As previously stated, a reverse stock split would only have been considered if the possibility of retaining the Nasdaq listing were feasible.

"I remain very optimistic about the future of Wegener Corporation and we are committed to enhancing its value for our shareholders. We will continue to trade and operate as a public company on the OTC Bulletin Board, a well-respected, established trading platform. OTCBB securities are traded by a community of market makers that enter quotes and trade reports through a closed computer network accessed through the Nasdaq Workstation."

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PRODUCT NEWS

JVC Adds the GY-HM790 to its ProHD camcorder line

JVC Professional Products, a division of JVC U.S.A., will introduced the new flagship of its ProHD camcorder line, the GY-HM790, at NAB. With an innovative modular design and a full complement of accessories, the new camera supports multicore or fiber-based production. Plus, as a shoulder-mount camcorder, it delivers outstanding ENG and sports production performance with more features than ever.

The GY-HM790 features three 1/3-inch CCDs, which allow a lighter, more compact form factor for better maneuverability in the field and more flexibility with robotic camera control systems in the studio. It produces 1920x1080 images and can record in 1080i, 720p, and even SD (480i) for operations that have not yet made the move to HD. The camera records at 35 Mbps (HQ mode/variable bit rate) or 19 Mbps/25 Mbps (SP mode/constant bit rate). The camera ships with a Canon 14x zoom lens or without lens, as accommodates a variety of lenses with its 1/3-inch bayonet lens mount.

Adopting the successful tapeless workflow introduced in the GY-HM700 camcorder, the GY-HM790 features a dual card slot design that records to low-cost, non-proprietary SDHC Class 6 or 10 solid-state media cards. JVC’s native file recording technology allows recording in ready-to-edit file formats for Apple Final Cut Pro (.mov) and other major NLE systems (.mp4) that are compatible with Sony XDCAM EX workflow.

“The excellent image quality of the GY-HM790, coupled with its versatility for both studio and ENG use, makes it an attractive camcorder for broadcasters in any DMA,” said Craig Yanagi, manager of marketing and brand strategy. “Plus, our optional ASI module makes it easier than ever to produce true HD reports from the field. The GY-HM790 does more than shoot great pictures, it literally changes the way live news reports can be produced.”

SENSIO and Miranda Announce 3DTVPartnership

SENSIO Technologies and Miranda Technologies announced a partnership to develop a suite of high-performance broadcast products to enable end-to-end Stereoscopic 3D playout.

The first Miranda product equipped with SENSIO technology is the Densite 3DX-3901 Stereoscopic 3D video processor module, which will be launched at the 2010 NAB Show in Las Vegas. The processor provides high-quality conversion of multiple 3D formats, including SENSIO 3D technology which offers visually loss-less compression-decompression technology for high-quality distribution of 3D content over existing 2D infrastructures.

The Densite 3DX-3901 provides conversion of Dual 1.5Gbps, Dual 3Gbps, Single 1.5Gbps, and Single 3Gbps signals. It features a single 3Gbps/HD input and dual 3Gbps/HD outputs; this allows previewing of conversion effects, as well as 3D/2D simulcasting. The processor also offers horizontal and vertical flip, interaxial adjustment, and Horizontal Image Translation for adjustments to depth positioning, and for simulating a 3D landscape from a 2D scene.

"The remarkable momentum of 3D is driving broadcasters' demand for a fully-integrated suite of 3D-enabled systems that interoperate smoothly to 'industrialize' 3D playout workflows, and our partnership with Miranda is a key step towards this," said Nicholas Routhier, president and CEO at SENSIO.

"Miranda now offers a range of Stereoscopic 3D products, spanning signal processing, multi-viewers, and channel branding, which simplify the transition to 3DTV production and playout," said Jean-Marc d'Anjou, vice president Infrastructure at Miranda. "We're aiming to strengthen our support for SENSIO 3D across our products, with upcoming product releases."

Vizrt Teams Up with Pilat Media for On-Screen Graphics Management

Vizrt products help broadcasters create and optimize the increasing amount of on-screen graphics broadcast. The company today announced that it has joined forces with Pilat Media to simplify the management of on-screen graphics.

On screen graphics options such as overlays, scrolls and squeeze backs are being exploited across a variety of applications ranging from programming, branding to promotions and advertising. But managing these on screen graphics across multiple channel operations with brand consistency and efficiency becomes increasingly complex with each bit of on screen information. Even music programming with its extensive accompanying graphics that includes the artist name, the album name, performance venue, and artist trivia, poses its own management challenges.

“While many on-screen graphics decisions originate in the scheduling and ad sales processes, they need to be communicated seamlessly with the graphics management system. That’s why we built an interface into our IBMS broadcast management system for Viz Multichannel. This enables broadcasters to make last minute changes to on-screen graphics while delivering a more consistent brand experience through the use of brand templates,” said Fabrice Beer-Gabel, vice president of marketing and business development, Pilat Media.

SCRI RESEARCH NEWS

2009-2010 Broadcast Pro Video Marketplace (B/PVM)TM Reports
Click here for Table of Contents

2010-2011 Broadcast Pro Video Marketplace (B/PVM)TM Reports Relased @ NAB

2010-2011 Broadcast Pro Video Marketplace (B/PVM)tm Reports Series was released at NAB10. A total of 25 individual product reports as well as a macro industry overview and micro quantitative data analysis reports are available. Contact des_chas@scri.com for more information.

2010-2011 Broadcast/Pro Video Macro Industry Overview Report:

88 page report of analysis and information on the state-of-the-industry compiled from secondary online research sources including industry news sites, manufacturers sites, as well as SCRI's own weekly online News Briefs and Insider Reports.

2010-2011 Broadcast/Pro Video Micro Quantitative Product Data Report:

30-page report containing quantitative data tables, for all six verical end-user markets, as well as in total, plus a 6 page summary analysis of the quantitative data tables

2010 - 2011 Broadcast/Pro Video Product Reports (25):

Video Camcorders; ;Video Cameras; Camera Mounting Systems; Character Generators; Clip / Still Stores; Composite/Component Encoders; Digital Effects Processors; Graphics & Effects Software; Graphics & Effects Workstations; Master Control Switchers; Non-Linear Editing Systems; Production/Post Switchers; RAID Video Storage; Routing Switchers; Standards / Formats Convertors; TBC's / Frame Synchronizers; Telecine Equipment; Terminal Equipment; Up/Down Converters; Video Compression Encoders; Video Disk Recorders; Video Monitors; Video Servers; Video Test & Measurement; VTRs

NAB discounts are valid through April 30th, 2010. Contact info@scri.com for more information

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