KIT Digital Partners with LG for OTT Video
Global video software and technology company KIT Digital announced a partnership with LG Electronics at the IBC tradeshow in Amsterdam, today. Under the broad partnership, KIT will deliver IP-video platform technology, content, and professional services to the Home Entertainment division of LG's Smart TV platform.
The two companies will work together on a multiscreen platform for over-the-top (OTT) video delivery for both 2D and 3D content. LG will use KIT's cloud-based video asset management tool, KIT Video Platform, to power its apps for 3D video. LG will also use KIT's global content services abilities for 2D and 3D content licensing.
Together, KIT and LG will offer their solution to global multichannel video programming distributors, so that they can make their content available on LG's connected TVs.
The companies have also announced future plans to offer multiscreen delivery across LG's range of connected devices.
"As LG enters the domain of content portals and app stores, we require partners such as KIT Digital to assist us in multiscreen, IP-based video production, management, and delivery," says Young-jae Seo, vice president in charge of LG's Smart TV team. "This robust cloud-based video content solution will be an important driver for our Smart TV strategy."
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