Strategy & Technology Ltd – S&T (Hall 1, B22) and Simplestream have reconstructed their two joint ventures – Synapse TV Ltd and VuTV Ltd – to be wholly owned by S&T.
S&T will continue to run and develop the businesses, both of which are currently focused on delivery of OTT video services to connected TVs.
Synapse TV provides content owners and aggregators with a complete managed service for monetising linear and on-demand video services to multiple connected devices, including cost-effective delivery via EPG-based channels on the UK’s Freeview platform.
Meanwhile, VuTV is a streaming pay-TV service available on Freeview.
Built on the platform provided by Synapse TV, it currently provides viewers with 13 OTT-delivered premium channels.
Following the significant growth of TVPlayer, Simplestream’s OTT TV platform, Simplestream has decided to focus its business on mobile and tablet platforms.
As part of the restructure, TVPlayer has become a client of Synapse TV. The TVPlayer service will be launching on Freeview this month.