Consolidation continues in the internet TV market as Jump TV arranges to acquire IPTV platform company NeuLion. After Jump TV’s acquisition of Cycling TV, I had an inkling that Jump TV and Narrowstep, who provide Cycling’s platform, would merge, but following a STB strategy makes some sense for Jump TV, who have clearly found their internet TV subscription model difficult to monetize – offering a STB tends to tie in viewers more and is perceived to carry greater value.
There is also the potential to widen Jump’s sports portfolio through NeuLion’s relationship with organisations such as the NHL.
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More Merger Mania
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So, let me take a step back from the carnage applied to Narrowstep (NRWS.OB) by ‘Interim CEO’ David McCourt and his ‘team’ (over 80c to 6c share price since he took over) and examine why the recently announced sale of the company might be a very, very good thing for OnStream (ONSM):
1) OnStream has no platform, so they can sell a recurring revenue product
2) No European presence means opening up a vast new market
3) The Narrowstep reseller network is highly successful in countries such as Spain and Germany
4) Inheriting the Narrowstep CDN should mean considerable savings on serving – Narrowstep is the cheapest CDN out there
5) The corporate market, where OnStream is strong, is one I have long argued that Narrowstep should target
So, a great buy for Onstream and a dreadful deal for Narrowstep shareholders, who have superior technology and infrastructure, and potential dominance in a whole continent – and used to have the best staff until McCourt sacked them all and sent them to competing firms.
I just hope this post serves as useful information to anyone else who thinks of dealing with David McCourt and Granahan McCourt, no matter how desperate they are.
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Good Vibrations
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KPN and Narrowstep Join Forces to Offer the World’s First End to End Wholesale Internet TV Solution – September 4, 2007
KPN Global Carrier Services has teamed up with Narrowstep to provide a wholesale Internet TV offering to mobile and fixed network operators, ISPs and content parties.
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End to End IPTV Solution
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Narrowstep™ and Tourism Massachusetts to Launch The First-Ever U.S. Tourism Internet Channel – May 16, 2006
Narrowstep ™ Inc, in partnership with Tourism Massachusetts, announced that it has developed www.usamass.tv. The channel was introduced to the tourism industry on Tuesday, May 9, at the Travel Industry Association’s International Pow Wow 2006 in Orlando, FL. Tourism Massachusetts markets Boston and Massachusetts as the Gateway to America for international tourists.
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IPTV Tourism
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Land Rover ‘Goes Beyond’ With New Broadband TV Channel Powered by Narrowstep™ Inc – April 12, 2006
Narrowstep™ Inc announced that Land Rover launched a new 24/7 broadband TV channel using the Company’s unique Television Operating System™ (telvOS™). The ‘Land Rover Go Beyond’ channel will be dedicated to the spirit of adventure and features Land Rover VIPs such as Maria Sharapova, sailor Sir Robin Knox-Johnston, England Rugby International, Lawrence Dallaglio and celebrity photographer, Richard Young.
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Broadband TV Channel
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