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Insider Report

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

w/e March 1, 2009 SCRI International, Inc © 1984 - 2008

INDEX

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

TECHNOLOGY NEWS

Major US cablecos want networks online

Comcast and Time Warner Cable are talking with owners of the major cable television channels about ways to give subscribers online access to much of the their programming. Discussions have taken place in recent months and include network owners such as NBC Universal, and cable networks as MTV, TNT.

The operators hope the Web services, which could launch this year, will attract new subscribers despite popular free-to-watch websites such as hulu.com, by offering a large amount of previously unavailable video

Mobile video usage keeps increasing

The Nielsen Company has reported that viewing of video on television, Internet and mobile devices continues to increase and has reached new heights. In its fourth quarter "Three Screen Report", Nielsen said that the average American watches more than 151 hours of TV per month, an all-time high. Meanwhile, Americans who watch video over the Internet consume another 3 hours of online video per month and those who use mobile video watch nearly 4 hours per month on mobile phones and other devices.

Nielsen also reported that digital video recorded (DVR) and other time-shifted television is watched at double the pace as video online at 7 hours, 11 minutes per month. Yet in a potential indicator of how audiences could time-shift in the future, young adults (age 18-24) watch video on the Internet and on a DVR at the same rate - about 5 hours per month.

Mobile Entertainment Forum Predicts Growth

The Mobile Entertainment Forum (MEF), the global trade association of the mobile entertainment industry has revealed findings from its first quarterly Business Confidence Index (BCI) for the $32 billion global mobile entertainment industry. Based on the findings, the industry is confident it will continue to grow despite the economic downturn. The respondents, MEF members, predicted an average revenue growth of 27 per cent in 2009.

The MEF BCI, compiled in collaboration with KPMG, is the first of its kind and was undertaken to gauge the confidence of the mobile entertainment industry and to highlight specific trends over time. Every quarter it surveys MEF members across the globe, representing the entire mobile entertainment value chain. The first Index found that 88 per cent of respondents anticipated that their company’s headcount will grow or remain stable in the next quarter.

As well as being optimistic about the growth of the industry as a whole, the MEF BCI identified a number of areas within mobile entertainment, which are set to grow throughout 2009. The top five areas of growth were cited as: Social Networking; Music; Video; Games; Infotainment. The MEF BCI also reveals the spread of mobile entertainment revenues across the globe, with China and Central and South America being seen as hotspots over the next twelve months and respondents predicting growth in excess of 50 per cent in both regions.

MEF members were surveyed from across the mobile entertainment value chain, from operators to content owners, billing aggregators and service providers. MEF members were asked a total of fifteen questions relating to their confidence in the mobile entertainment value chain. Questions relating to investments plans, revenue, headcount and marketing decisions were asked alongside those about the confidence in different types of mobile content.

Local TV stations face uncertain future

This report is by Michael Grotticelli for Broadcast Engineering.

Network executives like CBS chief Les Moonves have stated that moving first-run network programming to cable would be “a very interesting proposition.”

The nation’s local television stations — with their viewership in decline and ad revenue on a downward spiral — face an uncertain future as the major networks consider taking their shows straight to cable or online.

In this tough economic climate, executives at the major networks are beginning to openly discuss options that once would have been unthinkable, even in private.

Last December, CBS’ chief executive, Leslie Moonves, told an investor conference that moving the CBS network to cable would be “a very interesting proposition.” Two days earlier, Jeff Zucker, chief executive of NBC Universal, warned that the entire broadcast TV model must change. “Otherwise it will be like the newspaper business or the car business,” he told the investors.

At the local level, where advertising revenue is at record lows, many stations are scaling back their original programming, cutting down on weekend news shows and trimming staff. Some are sharing crews and ENG equipment among stations in the same market. Nationwide, TV station ad revenue for this year is projected to fall 20 percent to 30 percent, according to industry consulting firm Bernstein Research.

The networks themselves are not fairing much better. CBS, with the highest overall ratings of any TV network, just reported a 52 percent drop in profit. The Walt Disney Co. reported a 60 percent slide in operating income in its broadcast segment, including ABC and 10 ABC-owned stations, for the quarter that ended Dec. 31. This was in part because of a 15 percent drop in revenue at its local O&O TV stations.

News Corp., which owns Dow Jones & Co. and “The Wall Street Journal,” recently reported that its local TV stations, including 17 Fox stations, will undergo “major” cost-cutting in the coming 12 months. The stations are looking at a 30 percent decline in advertising revenue for the second half of the fiscal year ending June 30.

The weakness in the local TV market could hammer the big broadcast networks, according to Randy Falco, former president of the NBC Universal Television Group and now CEO of Time Warner Inc.’s AOL. He said cable operators might lure networks away from their ailing affiliate model with the promise of steady subscriber fees.

At another conference, Moonves said cable operators have offered to pay fees directly to CBS, cutting out the local stations altogether. He didn’t name specific operators. “Down the road that’s something that very well could happen, but I think it’s five or 10 years away,” Moonves said, citing long-term agreements with CBS affiliates.

Local TV stations won’t vanish overnight. The networks’ parent companies still own some of the largest stations in the major markets, giving them some incentive to preserve that slice of the business.

At a time when many local newscasts are now being broadcast in HD, others are feeling the pinch. Stations have pulled the plug entirely on some news shows in Lexington, KY, and Yakima, WA. In November, stations owned by News Corp. and NBC Universal said they would begin pooling their newsgathering resources. Others say rather than shrinking local news coverage, they’re expanding it, because it’s the only original content they still have.

The endgame could come sooner for stations where affiliation agreements with networks are due for renewal in the next three or four years. Over-the-air broadcast deals between NBC, CBS and Fox and the NFL, for example, expire after the 2011 season. Some sports events — like college football’s Bowl Championship Series — have already signed more lucrative deals with cable networks like ESPN.

As local earnings plunge and media companies take massive write-downs on the value of their broadcast licenses, the networks have fewer incentives to hang on to the stations they own and operate. In a recent column on the daily “ShopTalk” online newsletter Erik Sorenson said,“Ask a friend working at any O&O whether she thinks her network gives a hoot about her station. You will get an earful. Iger, Zucker and Moonves have heard the infamous sucking sound and it's coming from the revenue side of their stations' balance sheets. That's what they care about.”

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INDUSTRY NEWS

Forecasters: Economy worse in '09, better in '10

The follwing is a Reutersreport.

Brace yourself: The recession is projected to worsen this year. The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles. And the U.S. unemployment rate — now at 7.6 percent, the highest in more than 16 years — is expected hit a peak of 9 percent this year.

That gloomy outlook came from leading forecasters in the latest survey by the National Association for Business Economics to be released Monday. The new estimates are roughly in line with other recent projections, including those released last week by the Federal Reserve.

"The steady drumbeat of weak economic and financial market data have made business economists decidedly more pessimistic on the economic outlook for the next several quarters," said NABE president Chris Varvares, head of Macroeconomic Advisers.

All told, Varvares and his fellow forecasters now expect the economy to shrink by 1.9 percent this year, a much deeper contraction than the 0.2 percent dip projected in the fall.

If the new forecast is correct, it would mark the first time since 1991 the economy actually contracted over a full year and would be the worst showing since 1982, when the country had suffered through a severe recession.

Vanishing jobs, shrinking nest eggs, rising foreclosures and tanking home values have forced American consumers to cut back, which in turn has caused businesses to lay off workers and slash costs in other ways, feeding a vicious downward cycle for the economy.

The current recession, which started in December 2007, is posing a major challenge to Washington policymakers, including President Barack Obama and Fed Chairman Ben Bernanke. That's because its root causes — a housing collapse, credit crunch and financial turmoil — are the worst since the 1930s and don't lend themselves to easy or quick fixes.

"As the news on the economy has darkened, so too, have the forecasts," said Ken Mayland, president of ClearView Economics. "We are suffering a period of maximum stress on the economy."

The economy is expected to remain feeble this year — even with new efforts by the administration and Congress to provide relief.

Just over the past few weeks, a $787 billion recovery package of increased government spending and tax cuts was signed into law, the president unveiled a $75 billion plan to stem home foreclosures and Treasury Secretary Timothy Geithner said as much as $2 trillion could be plowed into the financial system to jump-start lending.

In terms of lost economic activity in 2009, the biggest hit will come in the first six months, forecasters said.

NABE forecasters now expect the economy to slide backward at a staggering pace of 5 percent in the current January-March quarter. That's a sharp downgrade from the 1.3 percent annualized drop projected in the old survey.

"Further pronounced weakness in housing and deteriorating labor markets underscore the risks for 2009," Varvares said.

Many economists believe that the current quarter will be the worst of the recession in terms of the bite to gross domestic product, which is the value of all goods and services produced within the U.S. and is the broadest barometer of the country's economic health.

The second quarter of this year also will be a lot weaker, with the forecasters now calling for the economy to contract at a 1.7 percent pace, compared with the prior projection of 0.5 percent growth.

In the second half of this year, the economy should expand, but still less than what economists thought just a few months ago. NABE forecasters believe home sales and housing construction should hit bottom by the middle of the year, which would help stabilize the economy. Home prices, however, are expected to keep falling, according to other experts.

NABE forecasters predicted that when all is said and done the recession will have caused GDP to decline 2.8 percent. That would be "slightly less than the 3.1 percent during the early '70s," according to the survey of 47 forecasters taken between Jan. 29 and Feb. 12.

Even in the best-case scenario, with the recession ending sometime in the second half of this year, employment conditions will be tough.

Some of the forecasters said the nation's unemployment rate could rise as high as 9 percent for all of 2009 and hit 10 percent next year. In 2008, the jobless rate averaged 5.8 percent, the highest since 2003. The survey's median forecast — or middle point — called for the unemployment rate to rise to 8.4 percent this year and 8.8 percent next year.

Companies touching every part of the economy have announced thousands of layoffs already this year and more cuts came last week. Goodyear Tire & Rubber Co., said it will cut nearly 5,000 jobs, or almost 7 percent of its work force, this year, following the elimination of about 4,000 jobs in the second half of last year. General Motors Corp. and Chrysler, which are asking the government for billions more in aid to remain viable, announced plans to cut 50,000 more jobs, 47,000 of which would be at GM.

The Fed said the unemployment rate could stay elevated into 2011. Some analysts think the jobless rate won't drift down to a more normal range of around 5 percent until 2013 — at the earliest.

Companies won't ramp up hiring until they feel confident that any recovery has staying power. That's why employment is usually the last piece of the economy to reap the benefits of a recovery.

"A meaningful recovery is not expected to take hold until next year," said Varvares.

NABE predicts GDP will rebound in 2010, averaging 2.4 percent over the course of the year. The Fed, too, is forecasting that the economy will grow again in 2010_ and will pick up momentum in 2011.

Even so, the Fed is still guarded about any turnaround.

Given all the negative forces weighing on consumers and businesses, the economic recovery "would be unusually gradual and prolonged," the Fed said.

Charter Chapter 11

Charter Communications said it had reached an agreement in principle with a debt holders committee on terms of a financial restructuring, to be done under Chapter 11 bankruptcy protection, to reduce Charter’s debt by about $8 billion.

The cable operator, controlled by Microsoft’s co-founder, Paul Allen, said in a statement it would file for Chapter 11 on or before April 1st. Various debt holders and bondholders will receive a mix of new notes, equity and cash, depending on their seniority. Shareholders will not receive anything for their common stock, which will be cancelled. Allen will continue as an investor and retain the largest voting interest in Charter. The company has more than 5.5 million subscribers.

Verizon challenges DirecTV as HDTV leader

DirecTV continues to offer the most HD channels of any pay TV provider throughout the US, but Verizon is catching up quickly with its FiOS TV service, according to analysis by market research provider Pike & Fischer.

In a new report, HDTV Service Comparison, P&F finds that as of January 2009, DirecTV was offering as many as 104 channels in HD. But that only beats Verizon's HD menu by one channel.

Comcast, the largest cable operator in the US, has one of the smallest selections of HD channels, according to the study. Comcast in some markets is offering less than 40 HD channels, although the company's marketing focuses on its large selection of HD movies, TV shows and other content available on demand

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COMPANY NEWS

OmniBus Record Profitability in 2008

OmniBus Systems announced that 2008 has been a highly successful year, with the company achieving significant annual revenue growth and setting 20-year profitability and cash flow records. Product revenue for the iTX software suite alone grew by more than 85 percent in 2008.

"This ongoing success has been achieved through a focus on innovation, user satisfaction and building the right products for our customers," said Mike Oldham, OmniBus Systems CEO. "The adoption of iTX by customers to deliver more than 500 channels in the multichannel broadcast playout, IPTV and mobile TV segments contributed a large percentage of our growth, profitability and cash flow in 2008. As we expand the percentage of our revenue that comes from scalable software solutions, we also increase our margins. As general economic conditions have worsened, the cost-saving merits of iTX have become even more apparent to broadcasters and media organizations looking to replace ageing infrastructure for channel playout or to launch cutting-edge new services."

OmniBus iTX is the next-generation, software-based solution that makes the complex and expensive conventional broadcast equipment used for automation, master control and playout obsolete. iTX combines and exceeds all the functions of a conventional transmission chain, replacing it with a single, integrated suite of software applications that perform all the functions of video server, master control, DVE, aspect ratio converter, graphics and audio devices running on low-cost and highly reliable IT servers. With support for SD and HD, iTX significantly reduces the investment required to launch and operate high-quality channels in broadcast, IPTV, mobile TV, disaster recovery and business continuity applications.

"But iTX is not the only product area where we enjoyed success," Oldham continued. "Other notable OmniBus milestones in 2008 include the completion of the NRK Programme Bank — one of the most advanced asset management systems in the world, powered by OmniBus OPUS; the release of significant new features in Colossus 3.5 and the growth of a number of our Colossus multi-channel automation and content management customer sites; and expansion of our presence in the Asia Pacific region, with the opening of a regional sales office in Kuala Lumpur to meet the very strong Asian demand for OmniBus products."

"2008 was a great year for OmniBus but we are not resting on our laurels," said Oldham. "We are continuing to invest heavily to expand and develop our product range and services to meet the needs of our marquee clients. We see a very promising future in delivering IT-based solutions to our market. Our customers have asked for products that give a faster return on investment and lower operating costs and we are leading the industry in delivering products that do exactly that."

Optibase Q4 & YTD Down

Optibase Ltd. announced revenues for the fourth quarter ended December 31, 2008 were $3.6 million compared with $6.6 million for the third quarter of 2008 and $5.6 million for the fourth quarter of 2007.

Net loss for the quarter ended December 31, 2008, was $2.5 million or $0.15 per basic and fully diluted share. This compares with a net loss of $1.8 million or $0.11 per basic and fully diluted share for the third quarter of 2008, and a net loss of $1.7 million or $0.12 per basic and fully diluted share for the fourth quarter of 2007. Weighted average shares outstanding used in the calculation were approximately 16.5 million basic and fully diluted for the fourth quarter of 2008, 16.5 million basic and fully diluted for the third quarter of 2008 and 13.6 million basic and fully diluted for the fourth quarter of 2007.

For the year ended December 31, 2008, revenues totaled $19.9 million, compared with $23 million for the year ended December 31, 2007. Net loss for the year ended December 31, 2008 was $9.3 million or $0.61 per basic and fully diluted share, compared to a net loss of $7.2 million or $0.53 per basic and fully diluted share for the year ended December 31, 2007. Weighted average shares outstanding used in the calculation for the periods were approximately 15.2 million basic and fully diluted and 13.6 million basic and fully diluted respectively.

Commenting on the quarter, CFO of Optibase, Amir Philips, said, “While revenue in both the quarter and year-end periods were down, we view this as a reflection of these difficult economic times. We have already begun responding with measures to streamline our business in anticipation that this is a protracted crisis. However, we continue to believe in the long-term potential of the Enterprise, Government and IPTV markets and our position within this industry. During the last quarter of 2008 we have witnessed the impact of the credit crunch and the over all down turn in the economy as our sales cycle had expanded beyond its normal course. The impact is more apparent within the commercial market as our customers and prospects are experiencing difficulties in financing their operations and business expansions. To respond to what we are seeing in the market, we have taken several steps in order to streamline our business and costs, including decreasing our headcount by 22% accompanied by a decrease of approximately 18% in direct personnel costs and overhead. All cost reduction measures have been implemented while minimizing any potential damage to our future business.

The government markets we serve have not been impacted quite as extensively as the public sector, and we believe there is potential for our products in both the Enterprise and Government markets in the United States. We have already had a fair amount of success in these areas and we believe that a more concentrated effort within these markets will enable us to better compete for new contracts. Therefore, the Company has decided to focus on the Government market and allocate more of its resources towards those target markets. We also believe there are opportunities in the Far East and Europe, and we are working to leverage our presence in these markets as well.”

He concluded by saying, “Our goals for the near-term will be to conduct our business in a fiscally responsible manner, place more effort into the markets that we believe will yield the highest results and continue to enhance and improve upon our technology. We believe that Optibase currently has the right set of technology and market presence to achieve these goals and we look forward to the challenges that lie ahead.”

Losses grow at Liberty Global

Liberty Global posted a fourth quarter net loss of $752.6 million compared to a net loss of $197.2 million for the same period last year.

The company’s losses grew despite adding subscribers, increasing revenue and generating more money from operations at its cable systems in 15 countries in Europe, Asia and South America. For the year, it lost $788.9 million versus $422.6 million in 2007.

Fourth-quarter revenue was $2.6 billion, up 4 percent from $2.5 billion a year earlier. For the year Liberty Global generated $10.6 billion revenue, up 17 percent from $9 billion a year earlier.

The company added 2.4 million subscribers worldwide in 2008. Nearly 17 million customers subscribe to Liberty Global’s television, voice or Internet services.

The losses climbed as the company increased spending on infrastructure, rolling out very high-speed technology and it says it accelerated some infrastructure investment in the fourth quarter to take advantage of a discount from a vendor.

President and CEO Mike Fries said, “Our 2008 results demonstrate our ability to grow our global cable business despite challenging economic conditions in many of our markets. Adjusting to neutralize the impact of acquisitions and foreign currency movements, rebased6 revenue and OCF growth were 6% and 14%, respectively, and consistent with our 2008 guidance targets. OCF margin expansion was driven by a combination of profitable subscriber growth, scale efficiencies from our global distribution platform, and stringent cost controls. Perhaps most importantly, we generated Free Cash Flow of $763 million in 2008, an 82% improvement compared to the prior year, and we believe we are well positioned to drive meaningful FCF growth in 2009.”

“From an operating perspective, we are focused on exploiting three key competitive advantages. First, we are experiencing exceptional growth and acceptance of our digital television products, as we reported record fourth quarter and full year organic digital cable additions. With a base of over 5 million digital cable subscribers, our DVR, HD and VoD products7 are gaining considerable traction as we increase the availability of these advanced digital services across our footprint, and expand our HD channel offerings and VoD libraries. Second, we now have the ability to offer next generation broadband speeds of over 100 Mbps in two of our markets (Japan and the Netherlands), and plan to aggressively deploy similar products in many of our other markets by year end. We believe this will give us a distinct and exploitable advantage versus the peak speeds offered by our DSL-based competition. Finally, we continue to benefit from driving multiple products into the home, which in turn, has positively impacted customer ARPUs8 across nearly all our markets.”

"In terms of our capital structure, our balance sheet and liquidity position remain strong, as we have limited near-term debt amortizations, a low cost of capital, and are generally hedged on interest rates and foreign currencies. We remain committed to driving long-term shareholder value, as evidenced by having reduced our shares outstanding by over 40% over the last 3½ years. Since that time, we have repurchased $6.0 billion of equity in total, including over $2.2 billion in 2008. Although we are focused on maintaining prudent liquidity reserves, we continue to believe our equity is an attractive investment, as evidenced by the fact that we have repurchased $250 million in equity since early November 2008."

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PRODUCT NEWS

Panasonic Expands Pro AVCCAM Product Line

Panasonic announced the expansion of its Professional AVCCAM line of professional solid state high definition products with the introductions of the AG-HMR10 handheld, battery-operated field recorder/player and the AG-HCK10 compact, multi-purpose camera head.

The new AVCCAM recorder and camera utilize advanced compression (MPEG-4/AVC High-Profile) and are ideal for applications in video production, sports coaching, healthcare, law enforcement, remote operation/ surveillance, and much more. Equipped with an HD-SDI input and output, the HMR10 recorder is also suitable for back-up recording from any HD-SDI-enabled camera or for use in studio or event production.

Panasonic's AVCCAM series brings the benefits of solid-state recording to budget-conscious professionals. Like digital still photography, recording onto SD/SDHC cards offers a fast and simple, file-based workflow with ultra-reliable performance and resistance to shock, vibration and extreme temperatures and weather. SD and SDHC memory cards are inexpensive, widely available and can be reused repeatedly.

Since AVCHD records video as digital data files, content can be transferred and stored on affordable, high-capacity hard disk drives (HDD) or optical storage media and transferred to future storage media as technology advances.

The AG-HMR10 handheld recorder and the AG-HCK10 compact camera head will be available later this year.

JVC Introduces GY-HM700 ProHD Camcorder

JVC announced its latest Compact Shoulder professional camcorder developed for mainstream production, electronic newsgathering and cinematography, the GY-HM700. The new camera uniquely records directly to inexpensive SDHC memory cards in the QuickTime (.MOV) format for Final Cut Pro, and optionally to SxS media compatible with Sony's XDCAM EX format.

Recording in the editing system's native format eliminates the time consuming transfer step and dramatically speeds up the post-production workflow, a major advancement for JVC and the industry. Additionally, the GY-HM700 includes several key technology innovations that result in significantly improved resolution in the camera's core components: CCD/optical block, lens, and viewfinder.

"Our new generation of ProHD products brings together the most highly regarded and proven technologies in the industry, providing unmatched ownership and operational experience," says Craig Yanagi, JVC's national marketing manager for Creation Products. "With the GY-HM700, JVC has changed the dynamics of professional video production. Its ergonomic design and video quality meets or exceeds the performance requirements of the most demanding broadcast, ENG and cinematography applications. Combined with fastest shoot-to-edit workflow in the industry, utilizing low-cost solid-state media, ProHD provides an unprecedented level of efficiency and economy for today's professional videographer."

New XS Studio Production Server from EVS

EVS is introducing XS, a new 4 channel video production server specifically designed for studio applications. XS is part of the new Silverline brand, a new EVS brand developed to satisfy the needs of near-live and pre-recorded studio productions.

The new XS video production server guarantees a reliable and flexible transition to tapeless production in a studio environment. Built on the unique EVS loop recording, the new XS server is optimized for the recording of multiple audio and video feeds, as well as instant control and multi-channel playback operations.

Exclusively available in 4 channels, the new XS server offers multiple SD and HD codec configurations with native support, such as IMX, Avid DNxHD® and Apple ProRes 422 for faster and easier media exchange with post-production. XS guarantees perfect integration with third party tools, so that files can easily be exchanged in any type of production workflow.

Based on its powerful networking capabilities, XS makes recorded media instantly available across the production network for simultaneous preview, rough editing, archiving, playback, or post-production.

Pierre L'Hoest, Chief Executive Officer at EVS says, "We wanted to develop a production server that is perfectly in sync with studio producers' ambitions to be more productive. Based on the proven performance of EVS' instant tapeless technology in live sport, XS is the right answer for this. XS combines major strengths, such as native support of SD and HD codec configurations, unique networking and control capabilities that will make it a valuable asset for studio competiveness and efficiency. We have already planned some major evolutions that will be brought to the server and are in line with the expectations of the studio market segment. For instance, the integration of Panasonic DVCPro HD codec is planned for later this year."

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PEOPLE IN THE NEWS

Harry Glass to VP at Fast Forward

Fast Forward Video (FFV) announced that it has named Harry Glass as the company's new vice president of sales. Glass brings 27 years of industry experience to his new role, in which he will be responsible for establishing and maintaining relationships with independent manufacturers' representatives, distributors, dealers, resellers, and OEMs. This new appointment supports Fast Forward Video's commitment to building a world class network to support the high demands of the broadcast industry and continue the company's rapid growth.

Glass comes to FFV from OmniVue, an independent manufacturers' representative for broadcast, professional video, and multimedia equipment. In his 27 years with the company, he has built a strong and knowledgeable representative firm that supports many manufacturers' product lines giving resellers and end-users a wide range of solutions. These solutions have been a key source to OmniVue's success.

"Harry's experience will enable us to identify, attract, and motivate the highest caliber of sales channel partners," said Hal J. Reisiger, president and CEO of Fast Forward Video. "Harry's appointment as vice president of sales is further testimony to our commitment to build an exceptional management team."

"I am proud to be joining the Fast Forward Video team after working with them as a manufacturers' rep for many years," said Glass. "It is an exciting time to be joining the company, which is on a fast growth track in an industry in the midst of a digital transition toward HD products. I look forward to working closely with their group of knowledgeable and active manufacturers' rep organizations and resellers as we continue to expand our presence in the market."

Glass holds a bachelor's degree in electrical engineering and a master's degree in business administration, and is a member of the Society of Motion Picture Engineers and InfoComm. He will be based in the company's New York facility and report to Hal J. Reisiger.

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RESEARCH NEWS

SCRI RESEARCH NEWS

  • Broadcast/Pro Video Product Sales Top $10 billion -- read more

  • 2008 - 2009 Broadcast/Pro Video Product Reports
  • 2008-09 Broadcast/Pro Video Macro Industry Overview Report
  • 2008-09 Broadcast/Pro Video Micro Quantitative Product Data Report
  • HDTV / Digital Trends Report
  • IPTV / Mobile TV Report

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