Desilu Studios to acquire stake in Vonetize
Desilu Studios establishes technology arm to commercialize its content and productions via proprietary e-commerce, streaming and smart TV experiences.
LOS ANGELES, March 16, 2018 /PRNewswire/ — Today, Desilu Studios, Inc. Chairman and CEO Charles B. Hensley announced that Desilu Studios committed to acquire a stake in Vonetize (TASE: VNTZ), an Israeli publicly traded technology company focusing on major studio content streaming, distribution, protection and monetization.
Desilu’s technology arm in their Los Angeles post production facilities will work closely with Vonetize’s team to innovate and fully integrate the technology, which the studio plans to include as a driving force in many facets of its operations, from direct to consumer content offering, interactive experiences and digital commerce.
Charles B. Hensley, Desilu Chairman and CEO: “It has been my vision from day one to deliver our content direct to consumers via streaming or any other emerging and disruptive technologies. Discovering Vonetize in Israel has been a game changer for us, expediting and advancing our global footprint exponentially!”
Vonetize operates in over 60 countries and has global partnerships with such global giants as Samsung, LG, Disney, Warner Brothers, Fox, Sony, Universal and others. Its proprietary technology spans end-user applications for mobile, TV, Set Top Boxes and web, robust cloud-based Over The Top solution enabling live channel streaming and On Demand delivery of up to 4K-HDR quality, 24/7 full cloud recording of channels with unlimited catch-up capabilities, secure delivery across multi-DRM protection, smart streaming optimization, TV payment processing and Addressable TV direct-advertising targeting solutions via the acquisitions of SmartPay.tv and Takoomi in recent months.
About Desilu Studios
Desilu Studios, Inc., a subsidiary of Desilu Corporation is engaged in digital technologies, film, television, merchandising, content streaming, theme parks and cinemas.