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KIT digital Signs Deal With Clarin in Latin AmericaLargest Media Group in Argentina Uses KIT Video Platform to Stream Live Events (November 30, 2011)
PRAGUE, CZECH REPUBLIC and BUENOS AIRES, ARGENTINA -- (Marketwire) -- 11/30/11 -- KIT digital, Inc. (NASDAQ: KITD), a premium cloud-based software solutions and technology services provider for multiscreen video management and delivery, was selected by Grupo Clarín (MERVAL: GCLA), the largest media group in Argentina, to leverage the KIT Video Platform to support its major news portal, www.clarin.com.
The Clarín relationship is jointly served by KIT digital and the company's long-time Latin American channel partner, Latin Stock Digital. Clarín is using the KIT Video Platform to stream major events like the Auto-Show, events surrounding the Argentinian presidential election, and Creamfields, one of the world's largest digital music concerts. Creamfields was watched by more than 500,000 online viewers, making it Latin America's largest ever live-streaming event.
"The combination of KIT's Video Platform and Latin Stock Digital's local support were essential to the success of our initiatives," said Clarin.com's product manager, Gonzalo Luzza. "The KIT digital platform allows us to successfully broadcast live to Facebook, iOS, BlackBerry and Android devices. We are extremely happy with the service and technology provided by KIT, and look forward to expanding our relationship as we focus on offering even more innovative online and mobile video experiences to our users."
Patricio Cummins, senior client director for Clarin.com, added: "These recent major live events have set a new benchmark for live video streaming in Latin America, particularly with Creamfields' broadcast viewed across 25 countries."
Lou Schwartz, managing director for KIT's Americas region, commented: "We built the KIT Video Platform exactly for this type of application -- serving live, broadcast-quality video to hundreds of thousands of concurrent users on any IP connected devices. We're excited to support Grupo Clarín as they forge the path as a new media innovator in the region."
Established in 1945, Buenos Aires, Argentina, Clarín is the largest newspaper in Argentina and published by the Grupo Clarín media group. Clarín has a 44 percent market share in Buenos Aires. The electronic version of the paper is the most visited Spanish language newspaper on the Internet. Clarín launched Clarin.com, the website for the newspaper, in March 1996 and serves around 5,714,000 unique visitors daily. Clarín today is the most widely circulated newspaper in Latin America with products that include newsprint, cable television, radio broadcasting and internet. Overall, Grupo Clarín has revenues of US$25.1 billion (2010), and total assets of US$52.8 billion (2009). For more information go to www.grupoclarin.com.
About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a premium provider of end-to-end video management software and related services. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services more than 2,400 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, Bristol-Myers Squibb, BSkyB, Disney-ABC, FedEx, Google, HP, Mediaset, MTV, News Corp, Telecom Argentina, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen. KIT digital maintains executive offices in New York and its operational headquarters in Prague, Czech Republic, with offices in 21 countries around the world. Visit the company at www.kitd.com or follow on Twitter at www.twitter.com/KITdigital.
KIT digital Contact:
SVP, Corporate Communications
KIT digital Investor Relations Contact:
Matt Glover or Geoffrey Plank
Liolios Group, Inc.
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