SeaChange has said its On Demand Group (ODG) is in advance discussions that will double the number of subscribers it has access to in the German speaking markets.
The joint venture with Tele München Group currently reaches two million homes across the networks of Kabel Deutschland, Unitymedia and Telekom Austria. It is anticipated that digital growth will boost numbers by 20% over the next few years.
“Growth in Germany will come from increased customers capable of receiving ODG services on existing clients’ platforms, new and more advanced content services and more service providers,” said Bill Styslinger, President and CEO, SeaChange International.
ODG has recently improved its content offering through new multiyear movie output deals with Warner Brothers and Fox and a number of TV series producers.
ODG has invested $6.3 million in the purchase of its own facility at Tower Bridge, which will house its UK operations from the end of the year, replacing the Ascent Media facilities in Stephen Street.
Seachange announced revenues of $50.7 million across its software and hardware divisions, a $6.5 million increase on Q2 2007. The company recorded a net profit of $1.176m on the quarter, compared to last year’s Q2 loss of $8.546m, and a six-month profit of $1.532m.
