JumpTV and NeuLion have announced the signing of a binding letter of intent to merge, creating a broadband TV provider of online sports, international and religious programming.
The merged entity will deliver a multi-platform IPTV and set top box solution encompassing:
– Sports: More than 200 partnerships with leading professional and collegiate sports properties, including the National Hockey League (NHL), more than 150 NCAA colleges and universities, the World Championship Sports Network and the 2010 South American, African and Asian World Cup Qualifiers
– International: More than 200 partnerships with international networks and channels, such as KyLinTV, the first Internet television service dedicated to the Chinese community living in North America, and ABS-CBN, the number-one TV network in the Philippines
– Multi-Platform: Live and on-demand video streaming over the Internet including NeuLion’s Set Top Box solution for streaming to television
– Web Services: JumpTV’s end-to-end “One Fan Profile” online customer relationship management (CRM) solution which includes web hosting, video streaming, ticket management and e-commerce
Founded in 2004, NeuLion, a private corporation based in Plainview, New York, provides web-based IPTV services to leading sports customers such as the National Hockey League and the International Fight League. NeuLion also delivers a set-top box IPTV solution to premier international customers such as ABS-CBN (Philippines), KylinTV (China) and Globecast (France).
The transaction is expected to be completed this autumn, subject to receipt of shareholder and customary regulatory approvals, as well as satisfaction of other customary closing conditions.
