By Angel Ruiz, President and CEO, Media Solutions, Ericsson
Earlier this week, we made a major announcement, confirming that Ericsson has partnered with One Equity Partners, who have taken a 51% stake to become the majority owner of Media Solutions. With One Equity Partners’ deep expertise in media and telecom investments, this is a truly exciting time for our company. We will establish Media Solutions as a premier independent, pure-play technology vendor with strong and committed financial support, while driving continued investment in innovation and growth.
The transformation of the TV and media industry
Look across TV and media today, and you can see the effect of rapid digitization, the marked changes in service distribution, the influence of new technologies and rising industry players. This dynamic media ecosystem is completely reconfiguring expectations of immediacy, simplicity and availability of content, with consumers expecting to discover, watch and share video content whenever they like.
Yet, with so much choice and competing options comes huge opportunity at every corner. Over the past several years, Ericsson has transformed Media Solutions’ portfolio with a cloud-enabled, standards-based integrated end-to-end roadmap. We have both the hardware and software solutions that directly respond to the greatest period of transformation our industry has ever seen – and we know where the media journey is heading.
Building upon a longstanding global heritage
We are committed to delivering a rich portfolio of products and scale to our global customer base. They include:
This wide-ranging media portfolio includes six Technology and Engineering Emmys for our industry leading offerings, including hardware and software video compression solutions for Contribution and Direct-to-Consumer video service distribution, advertising and content personalization solutions, high efficiency Cloud DVR, and TV and video delivery platforms.
Today, over 18 million pay-TV subscribers in 26 countries and regulatory environments use our TV platform every day. We enable the delivery of class leading digital media services to over 1 billion homes globally, and record 3 million video assets daily, with over 200 petabytes of time-shifted video storage deployed. In addition, our combined analytics data warehouse tracks more than 100,000 events per second.
With these significant strides towards building a strong and extensive end-to-end portfolio we are excited to deliver true innovation and enhance our longstanding customer relationships globally.
For further information about our new partnership, please click here.
Read on about our mission to advance service delivery from Mark Russell, in Part 2