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Brightcove wins over Viacom

Media giant Viacom has selected US firm Brightcove to provide cloud services for digital content delivery across platforms and consumer devices, and will be using Brightcove player technology across multiple properties for Web and mobile distribution.

Viacom’s various media networks include MTV Networks and Paramount Pictures, and the company has a total reach of approximately 700mn subscribers across various services served by its brands, dotted around the world.

During its third-quarter results call yesterday (November 1st), Brightcove announced a number of other customers wins, including All Nippon Air, Discovery Networks International, Exact Target, Nikon and Yves St. Laurent.

Brightcove’s total revenues for the third quarter of this year reached US$ 22.1mn, up 32% year-on-year, driven by subscription and support revenues, which rose 35% to reach US$ 21.5mn.

Professional services and other revenue was US$ 0.6mn, a decrease compared to US$ 0.8mn for the third quarter of 2011.

The company did post a net loss of US$ 0.6mn for the three months to September 2012 – though this is significant improvement on the US$ 5.4mn loss posted for the same period of last year.

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