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Netgem has moved a step closer to its ambition of becoming a Connected TV platform that can be used by multi-service operators in France. The company’s proposed acquisition of Videofutur Entertainment Group (Videofutur) and its cloud VOD service, which is delivered to multiple screens including connected TV devices, has been agreed by both company boards. Netgem believes there is a market opportunity with Connected TV that can be exploited, while it could use the Videofutur video distribution platform and service to extract more value from its own technology, all in partnership with
The initial target market for the Connected TV offer is France but Netgem says the multi-screen cloud services platform developed by Videofutur will later be integrated within Netgem’s international offering. The ‘merger’ will also lead to reduced operating costs and simplified operations, the company says.