We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ericsson (ERIC) Inks Multi-Year Deal with 20th Century Fox
Read MoreHide Full Article
Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) took a significant step in expanding its subscription video on demand (“VOD”) service — Nuvu — as it signed a deal with leading international content distributor, 20th Century Fox Television Distribution.
Ericsson’s Nuvu is an end-to-end subscription VOD service, spanning both the technology platform and the content licensing, developed for mobile operators in emerging markets. Nuvu leverages on the company’s extensive capabilities based on Ericsson Managed Player and components of Ericsson MediaFirst TV Platform.
Nuvu is collaborating with some of Africa's leading mobile phone operators to deliver a unique content and technology solution to cater to the demands of consumers across sub-Saharan Africa. The partnership with 20th Century Fox will enable Nuvu to offer subscribers some of Hollywood's finest films as part of their package.
The exclusive, multi-year feature film deal will give Ericsson access to 20th Century Fox-produced titles, as well as a wide selection of global film franchises, intended for territories across sub-Saharan Africa in multiple languages. The output will include titles like Dawn of the Planet of the Apes, The Devil Wears Prada, The Monument Men, The Maze Runner, Rio 2, The Fault in Our Stars and Kingsman: The Secret Service, in addition to film franchises, such as X-Men and Die Hard.
For a monthly subscription fee, consumers will acquire unlimited access to an initial 3,000 local and international premium titles from a range of genres.
Further, the service will have a built-in ability to distribute content to users during off-peak periods, which will serve to lower data costs for both operator and consumer. This feature would tackle a key issue which was hindering VOD uptake in Africa. The platform has been designed to integrate into the operator's customer relationship management and payment systems.
As a leading global provider of broadcast and media services, Ericsson has worked with world’s most famous broadcasters, platforms and content producers, including BBC, HBO, 20th Century Fox, Liberty Global, Sky, Bonnier Group, TV5 Monde and France 24. This latest deal would expand its footprint across sub-Saharan Africa.
Of late, Ericsson has been grappling with slumping demand in Russia and Brazil, and accelerating negative industry trends have further compounded its problems. Further, Ericsson is also facing stiff competition from Huawei Technologies Co. and Nokia Corp. (NOK - Free Report) . To combat such critical industry concerns, Ericsson recently struck a partnership with Cisco Systems Inc. (CSCO - Free Report) , to boost its product lineup and sell more complete networks. The company expects that the deal would generate $1 billion or more in annual sales for each company by 2018.
Whether the growth and cost-streamlining efforts of this Zacks Rank #4 (Sell) company will help it beat industry-wide demand blues, remains to be seen.
Harris Corporation is an international company focused on communications equipment for voice, data and video applications. The company has an impressive earnings surprise history for the trailing four quarters, beating estimates all through for an average of 4.2%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Ericsson (ERIC) Inks Multi-Year Deal with 20th Century Fox
Telefonaktiebolaget LM Ericsson (publ) (ERIC - Free Report) took a significant step in expanding its subscription video on demand (“VOD”) service — Nuvu — as it signed a deal with leading international content distributor, 20th Century Fox Television Distribution.
Ericsson’s Nuvu is an end-to-end subscription VOD service, spanning both the technology platform and the content licensing, developed for mobile operators in emerging markets. Nuvu leverages on the company’s extensive capabilities based on Ericsson Managed Player and components of Ericsson MediaFirst TV Platform.
Nuvu is collaborating with some of Africa's leading mobile phone operators to deliver a unique content and technology solution to cater to the demands of consumers across sub-Saharan Africa. The partnership with 20th Century Fox will enable Nuvu to offer subscribers some of Hollywood's finest films as part of their package.
The exclusive, multi-year feature film deal will give Ericsson access to 20th Century Fox-produced titles, as well as a wide selection of global film franchises, intended for territories across sub-Saharan Africa in multiple languages. The output will include titles like Dawn of the Planet of the Apes, The Devil Wears Prada, The Monument Men, The Maze Runner, Rio 2, The Fault in Our Stars and Kingsman: The Secret Service, in addition to film franchises, such as X-Men and Die Hard.
For a monthly subscription fee, consumers will acquire unlimited access to an initial 3,000 local and international premium titles from a range of genres.
Further, the service will have a built-in ability to distribute content to users during off-peak periods, which will serve to lower data costs for both operator and consumer. This feature would tackle a key issue which was hindering VOD uptake in Africa. The platform has been designed to integrate into the operator's customer relationship management and payment systems.
ERICSSON LM ADR Price and Consensus
ERICSSON LM ADR Price and Consensus | ERICSSON LM ADR Quote
As a leading global provider of broadcast and media services, Ericsson has worked with world’s most famous broadcasters, platforms and content producers, including BBC, HBO, 20th Century Fox, Liberty Global, Sky, Bonnier Group, TV5 Monde and France 24. This latest deal would expand its footprint across sub-Saharan Africa.
Of late, Ericsson has been grappling with slumping demand in Russia and Brazil, and accelerating negative industry trends have further compounded its problems. Further, Ericsson is also facing stiff competition from Huawei Technologies Co. and Nokia Corp. (NOK - Free Report) . To combat such critical industry concerns, Ericsson recently struck a partnership with Cisco Systems Inc. (CSCO - Free Report) , to boost its product lineup and sell more complete networks. The company expects that the deal would generate $1 billion or more in annual sales for each company by 2018.
Whether the growth and cost-streamlining efforts of this Zacks Rank #4 (Sell) company will help it beat industry-wide demand blues, remains to be seen.
Stocks to Consider
A better-ranked stock in the same space is Harris Corporation , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Harris Corporation is an international company focused on communications equipment for voice, data and video applications. The company has an impressive earnings surprise history for the trailing four quarters, beating estimates all through for an average of 4.2%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>