Netgem CA T2 2019 - new solution independent of TV Boxes

(August 1, 2019)

Netgem's Board of Directors meeting on July 31, 2019 approved the half-year financial statements and highlights its salient features:

• Launch of the new generation of multi-screen products 
• First deployments of new business models on 4K Boxes 
• Continued growth of Videofutur and confirmed ambition of € 30 million in turnover by 2021 
• Managed decline of the Box business and associated savings plan 
• Commitment of the founding shareholders, with the choice of payment of the annual dividend in shares 
• New governance, with the separation of the functions of Chairman and CEO, and the appointment at the later post of Mr. Mathias Hautefort, effective July 1, 2019 

"The new range of multi-screen services, associated with high-end equipment, and with new business models must allow the Netgem Group to take advantage of the growth of the very high-broadband market and the emergence of new operators" says Mathias Hautefort, Chief Executive Officer.

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New customer offerings launched successfully on the multi-screen Cloud platform 

developed by Netgem New customer offerings have already been launched by Vitis on this platform, allowing users to benefit from new multi-screen services such as Live, replay and recording in the Cloud (nPVR): the triple-play offer "VICTORIA 100% Entertainment" and the offer "VIC 100% Digital", designed for "digitalnatives", without a TV Box. 

=> Vitis thus becomes a showcase for the new offerings, and other customers of Netgem have shown an interest in this comprehensive content management solution independent of TV Boxes. 

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Source:
https://www.netgem.com/wp-content/uploads/2019/07/PRHY2019-Netgem-FR.pdf