Quickplay reaches 1BN addressable viewers
Michelle Clancy | 22 July 2015
Multiscreen video services provider Quickplay has reached one billion addressable viewers via its managed video platform service.
That growth corresponds to 44% growth in recurring revenue since July 2014.
The company also said that it saw a 65% year-over-year gain in video-on-demand (VOD), hours, and a 25% growth in linear over-the-top (OTT) channels, as the company secured content connections to 250 premium content providers covering Hollywood to Bollywood for clients such as AT&T, Bell, Rogers, TELUS and Singtel.
It has recently also seen market expansion into the APAC region with addition of a delivery centre in India – now home to 25% of Quickplayers. This has been bolstered by rollout of HOOQ – Asia's new OTT service from Singtel, Sony Pictures Television and Warner Bros Entertainment – in the Philippines, Thailand and India, with additional deployments slated into 2016.
In addition it has secured $57 million in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial in March 2015 to accelerate expansion strategy and footprint, further enhanced with the acquisition of Roundbox, a technology provider of 4G LTE Broadcast technology.
"Disruption in the premium video industry has fuelled successive years of strong growth and business expansion for Quickplay and we see this accelerating; these figures highlight the value and scale of Quickplay's global managed services," said Wayne Purboo, CEO and co-founder of Quickplay. "We will continue to strengthen our position by investing in platform enhancements, further build our partner ecosystem, and provide the most open, efficient, scalable, and robust solution in the market."