PLAINVIEW, NY–(Marketwired – December 14, 2016) – NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that subsidiary MainConcept GmbH has licensed multiple professional MainConcept® codecs, such as AVC/H.264 Broadcast, MPEG-2 and DVCPRO HD, to MAGIX Software GmbH for use in its new VEGAS Pro and VEGAS Movie Studio software family.
Only four months after MAGIX, the German market leader in multimedia solutions, acquired the Sony Creative Software product line, it released VEGAS Pro 14 and introduced an efficient as well as robust video editing experience with a large set of exciting new features. VEGAS Pro and VEGAS Movie Studio provide tools for editors and filmmakers to be successful, allowing them to efficiently complete video production projects regardless whether they are semi-professionals or experienced broadcast producers.
The highly flexible MainConcept Decoder SDK components for AVC/H.264, MPEG-2, DVCPRO HD, as well as the Dolby® Digital Audio Decoder, enable instant timeline preview. When finalizing a project, the broadcast quality MainConcept encoders allow for rendering the timeline into many professional formats, including the most popular use-cases ranging from presets compliant with common consumer devices and optical media, up to high-quality archiving output.
“MAGIX and its VEGAS Creative Software have benefitted from MainConcept’s state-of-the-art codec technology for many years now,” said Deacon Johnson, SVP Global Sales – Technology Licensing for MainConcept at NeuLion. “By using the multiple profiles built into the AVC/H.264, MPEG-2 and DVCPRO SDKs, we enable professional camcorder support, like Sony XDCAM, Sony XAVC and Panasonic DVCPRO, as well as AVC-Intra in the VEGAS Pro product line. We are proud to continue being the driving force behind the new synergy between two powerful brands in the professional multimedia and video editing market.”
“MainConcept is a reliable partner with the most complete codec collection worldwide,” adds Hagen Hirche, CTO MAGIX Software GmbH. “They not only offer all professional audio and video codecs, but also provide us with full parameter access and top-notch image quality for our professional video editing applications like VEGAS Pro. For many years, MainConcept has been constantly improving and updating its codec library allowing MAGIX users to always stay compatible with latest technology trends.”
For more information about VEGAS Pro and VEGAS Movie Studio, please visit www.vegascreativesoftware.com.
The MainConcept Encoder and Decoder SDKs are available now. Contact us for a free evaluation trial.
About NeuLion
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content in up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital video management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. NeuLion powers the entire video ecosystem for content owners and rights holders, consumer electronic companies, and third party video integrators through its MainConcept business. NeuLion’s robust consumer electronics licensing business enables its customers like Sony, LG, Samsung and other to stream secure, high-quality video seamlessly across their consumer devices. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
About MAGIX
MAGIX is a global provider of software, online services, and digital content for the use of multimedia products and services for general and business communication. Established in 1993, MAGIX offers private and professional users a technologically sophisticated and user-friendly range of products for designing, editing, presenting, and archiving digital photos, videos, music, documents, and websites.
Based on retail sales figures, MAGIX is the market leader in multimedia software in Germany and the other most prominent European markets and is also one of the most successful market players in the United States.
Forward-Looking Statements
Certain statements herein are forward-looking statements and represent NeuLion’s current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words “will,” “expect,” “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend” and statements that an event or result “may,” “will,” “can,” “should,” “could,” or “might” occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisitions of DivX and Saffron Digital; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers’ subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the “Risk Factors” section of NeuLion’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which is available on www.sec.gov and filed on www.sedar.com.
Press Contact:
Chris Wagner
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Investor Relations Contact:
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