
KIT digital has announced that it expects to file for Chapter 11 bankruptcy and reorganise under a new group entity named Piksel by April 24.
The Business of Multiscreen Television

KIT digital has announced that it expects to file for Chapter 11 bankruptcy and reorganise under a new group entity named Piksel by April 24.

KIT digital has dismissed Grant Thornton as its independent auditor and says it is in the process of appointing a new firm to take on the task.
KIT digital looks likely to be removed from the NASDAQ index after failing to file its quarterly accounts.

KIT digital has said it has identified a number of errors and irregularities in its financial reporting.

KIT digital has announced it is making “significant workforce reductions” as the company looks to bring down its expenditure by $40 million (€30.5 million).
The Turkish pay-TV platform D-Smart has opted for KIT digital to develop and launch a multiscreen OTT pay-TV service.
Kit Digital has integrated Civolution’s Automatic Content Recognition (ACR) technology, SyncNow, into its Cosmos video management software,

Broadcasters are being cautioned against the over-use of second screen services, which when badly implemented could pull viewers away from the very content that is being promoted.
The most recent non-proprietary video compression standard, High-Efficiency Video Codec (HEVC), also known as H.265, was placed into final draft for ratification in January 2013 and is expected to become the video standard of choice for the next decade. … [Read More...]
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