ENGLEWOOD CLIFFS, NJ--(Marketwired - Aug 11, 2014) - RRsat Global Communications Network Ltd. (
RRsat will provide Cisneros Media with full playout and global distribution services of their portfolio of Pay-TV channels, which includes Venevision Plus, VmasTV and VePlusTV, for the enjoyment of the Latin American community. As business and operations expand, a new RRsat playout center will be established at the Venevision Studios. The planned playout center will be housed at Cisneros Media's Miami studios, one of South Florida's largest and most prominent production facilities with over 120,000 square feet, encompassing six sound stages as well as post-production and office space.
"RRsat's high standards and quality service enables us to exceed the growing necessities of our clients and the demands of our viewers for more variety of content, expanded reach, greater accessibility and viewing experience," said Jonathan Blum, President of Cisneros Media. "They also offer us the capability of efficiently managing and maximizing the potential of our content, greatly improving our workflow."
RRsat's Media Asset Management (MAM) system enables Cisneros Media to acquire large volumes of content in real time and automatically playout and distribute it within seconds, maximizing and optimizing the return on assets. RRsat will also have fiber connectivity to its U.S. media center in Hawley, PA and RRsat's global fiber network, providing the ability to expand into additional key global markets for the benefit of the Latin American and Hispanic communities across the globe.
"This partnership with Cisneros Media demonstrates RRsat's long term vision to strengthen our broadcasting presence within Latin America, making the region one of our leading target markets with our customers," stated Dante Neyra, Head of Commercial Services & Development of RRsat America. "With local support and global corporate backing, we provide Cisneros Media with the most comprehensive solutions to meet viewer's growing demand for high standard of quality."
Cosme Lopez, General Manager of Cisneros Media's Pay-TV unit, emphasized the importance of the partnership: "This alliance is an important part of our global strategic objectives as it provides us with a solid and versatile technical operational platform. As a result, it not only enables us to deliver our programming to our clients via a secure and reliable satellite signal, but most importantly, we will have the capability to launch new channels and expand into new territories, such as Europe and Africa; and all from our own home. What's more, it will strengthen the infrastructure of our Miami studios by adding channel generation to its vast capabilities."
About Cisneros Media
Cisneros Media is a corporate division that encompasses all of the Cisneros' media and entertainment companies and interests, such as broadcast television, Pay-TV, production and content distribution, music, and beauty pageants. Among the company's holdings are Venevision, the leading broadcaster and content producer in Venezuela; Venevision Plus, VmasTV and VePlusTV, the organization's cable networks throughout Latin America and the Caribbean, and the Miss Venezuela Organization, which holds a record six Miss World titles and seven Miss Universe crowns. Cisneros Media also includes such global businesses as Cisneros Media Distribution, the worldwide distributor of entertainment content with more than 35 years in the industry; Venevision Studios, the largest independent producer of Spanish-language programming in the United States; and Venevision Music, which operates two record labels, VeneMusic and Siente Music, a music publishing company, Venevision International Publishing, and a concert producer and promoter, VeneShow.
RRsat Global Communications Network Ltd. (
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This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including the risks indicated in our filings with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments thereto, including our Annual Report on Form 20-F for the year ended December 31, 2012 and our Current Reports on Form 6-K.
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