Brightcove Inc. (BCOV)

[Deep Space]

Pre Article from Blouin

[Deep Space]

BCOV working on Holy Grail of next generation TV everywhere on all devices.

Viacom outsources video platform to Brightcove
September 11, 2013 by Homa Zaryouni in Enterprise Tech, Media Tech. 0 Comments



Bronwen O’Keefe, Senior Vice President, Nick Mom, Nickelodeon speaks onstage. Getty/ Mark Davis
Viacom announced on Tuesday that it will no longer develop its own mobile video products. Instead, it will use the services of Brightcove, an online video platform host.

The reason was speed, according to David Kline, Viacom’s senior VP and chief information officer. While Viacom could have rolled out its own service by late next year, Kline said, using Brightcove would be faster. The in-house attempt at launching online and mobile platforms had led to glitches such as bugs in the Nick iPad app. Kline said he didn’t want that to happen again for fear of losing favor with a young, impatient audience.

Not only are media companies are beginning to realize the importance of comprehensive, bug and hassle-free presence on all platforms; they are realizing they are not free to create it at a pace of their liking.

Until now, media executives and many media sources have downplayed the possibility of cord-cutting — the practice of forgoing a cable subscription in favor of on-demand services such as Netflix, iTunes and Hulu — being a serious threat to the cable and network business. The number of U.S. homes without a satellite or cable connection remains small (approximately 5% or 5 million) even though the number is growing at a fast rate (150% since 2007) according to media research firm Nielsen. Cord-cutting looks like a bigger problem, however, when studying traditional cable subscribers rather than the entire U.S. population. A study by Deloitte showed 9% of cable subscribers cut their cable subscription in favor of online outlets in 2011. That number is expected to grow even faster as services like Aereo — a service that allows viewing of local channels online — expand service locations and programs.

Indeed, growth has been strong enough that Craig Moffett, a top-ranked industry analyst, called the phenomenon “real” in June after declaring it an urban myth in 2009.

But preparation for accommodating the multi-screen user does not end in acknowledgment. On the technology side, developing for television, mobile, tablet, and smartphone screens is a costly process that is not scalable across platforms. And if the number of digital viewers grows fast enough, networks may be hoping for more cord-cutting, which would mean one less screen to design and develop for.

TAGS:BrightcoveCraig MoffettDavid KlineHuluiPadNetflixsmartphoneViacom
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[Deep Space]

What a Gamechanger with Viacom!

Viacom operates approximately 170 networks reaching approximately 700 million subscribers in 160 countries.[1]

[Deep Space]

Brightcove’s solutions remove the complexity of video publishing and distribution across devices and makes it easy for us to expand our second screen and TV Everywhere offerings""

[Deep Space]

VIACOM News is Gigantic.Expect HUGE return

Brightcove Inc. (BCOV), a leading global provider of cloud services for video, today announced that Viacom is using Brightcove Video Cloud to deliver native app video experiences across multiple device platforms. Viacom media brands including MTV, Nickelodeon and Comedy Central, are using Video Cloud and Brightcove native video player solutions for Apple iOS, Google Android and Xbox devices to deliver high-quality, long-form video experiences that include support for closed-captioning, authentication, audience measurement and in-stream advertising.
“Consumers today want to access their favorite shows from any device at any location,” said David Kline, CIO at Viacom. “Brightcove’s solutions remove the complexity of video publishing and distribution across devices and makes it easy for us to expand our second screen and TV Everywhere offerings. Brightcove’s flexible, modular platform capabilities also help our brands achieve their specific objectives and fulfill their complex requirements for delivering high-quality video experiences.”
The first brands to launch with Brightcove-powered video app experiences include MTV, Nickelodeon and Comedy Central native video apps for the iPhone, iPad and Xbox devices, with future plans to expand to Android smartphones and tablets. The apps feature TV Everywhere authentication support as well, enabling Viacom to deliver long-form premium content to cable and satellite subscribers on these devices.
“Viacom is a market and innovation leader with some of the most popular media brands in the world,” said David Mendels, CEO at Brightcove. “Viacom has continued to evolve to meet the fast-growing appetite for premium programming on every screen. We are proud to partner with such a media industry powerhouse to help engage consumers on every device and deliver the highest quality viewing experiences for both video programming and apps.”
With Brightcove Video Cloud, Viacom has access to the most comprehensive and advanced features for publishing and distributing premium video content to audiences across device platforms. Brightcove’s native video player solutions for iOS and Android devices are also integrated with industry-leading advertising, analytics, audience measurement and digital rights management providers, enabling Viacom to rapidly deliver apps that integrate with the third-party services required for success.

[ShakeNTake]

wow mang. Good call with your original plan of action and great job sticking to it. You called it perfectly. Congrats on the huge profits. BCOV is in the HOUSE!!!

[GoldWtrade]

Good earnings??!

[GoldWtrade]

Nice!! Have some left with 10.5 target. Then all out ;). This could see 12+ though this year.

[ShakeNTake]

Good stuff. Calling it a day. Will buy back soon.

[ShakeNTake]

probably will sell the rest at 8.9ish and pick it back up around the 50dma..... if it drops back down.

[ShakeNTake]

big time. Great day. things are finally coming back around. Huge gains so far. Loving it

[GoldWtrade]

Next stop ~$10.50

[ShakeNTake]

this company is amazing. it will do great things and hopefully the stock shows this but so far it has not. We will see what this year brings and go from there. This thing is going crazy and I'm loving the fluctuations. You can make 100 % by day trading or 100 % by holding. I aim for anything safe. First time I played this thing i lost 2k within days. Day traded it and got 1500 back. that loss helped me find glue. Traded gluu and made it big. BCOV is crazy and I don't like the fundamentals at all. I am only focusing on day trading her until she settles down. I made my 500 back and some from this bounce. I am very patient with her and will see what she brings.

[GoldWtrade]

I have ~12 next interesting mark (an old support line). This is of course if if we can sustain past ~8.5. Thoughts?

[ShakeNTake]

when we get to 8.4 it will start to get interesting.

[GoldWtrade]

We'll see +10 this year IMHO. Going for a double. :).

[ShakeNTake]

agreed but never get too greedy. Always take profit when you can. It's not often when we see pops like this happen.

[GoldWtrade]

Still great buying opp. So undervalued still. Picked up tons of 5s.

[ShakeNTake]

huge

[ShakeNTake]

moving on up

[ShakeNTake]

wow.. I was out at 6.2 to get in a better stock but I was not expecting this. I liked it at 6.20 and I thought I would like it more at 5.2 but not really... considering buying but wtfff....

[ShakeNTake]

still slowly creeping to 50dma Once that is hit I believe we will start the uptrend to 8ish - 10ish range

[ShakeNTake]

getting close to 50dma

once we get around there i believe we will get a pop back up to aroudn 7 - 7.50 and then soon after start the uptrend


http://stockcharts.com/h-sc/ui?s=bcov

[ShakeNTake]

i will be adding 1k around 6.2

[ShakeNTake]

<a href="http://s681.beta.photobucket.com/user/HittingSkins/media/ScreenShot2013-02-26at123341PM_zps709291e4.png.html"; target="_blank"><img src="http://i681.photobucket.com/albums/vv178/HittingSkins/ScreenShot2013-02-26at123341PM_zps709291e4.png"; border="0" alt=" photo ScreenShot2013-02-26at123341PM_zps709291e4.png"/></a>

[ShakeNTake]

<a href="http://s681.beta.photobucket.com/user/HittingSkins/media/ScreenShot2013-02-26at123221PM_zps56d0d9ae.png.html"; target="_blank"><img src="http://i681.photobucket.com/albums/vv178/HittingSkins/ScreenShot2013-02-26at123221PM_zps56d0d9ae.png"; border="0" alt=" photo ScreenShot2013-02-26at123221PM_zps56d0d9ae.png"/></a>

[ShakeNTake]

[ShakeNTake]

[ShakeNTake]

hanging out at 6.8 today. Once we hit around 7 I hope for a nice pullback and a re-entry.

[ShakeNTake]

got rid of some more. we will probably see $7 soon. I'm looking for bigger buy in somewhere in the high 5's low 6's. Overall I am still down but I am patiently waiting for the next opt. good luck all. Overall trend is still down. Hopefully we will start seeing the charts change.

[ShakeNTake]

http://www.streetinsider.com/stock_lookup.php?q=BCOV

Form 4 filed for CFO COO and CLO

[ShakeNTake]

Thanks!! stop by anytime if you see any indicators on the charts or have thoughts on BCOV. I took some off the top today at 6.75. I don't know if tomorrow is going to bring a correction.

[robinandthe7hoods]

Keep it going!Good luck!

[ShakeNTake]

We woke up to 6.83. Broke right through 6.7. looking to break through 6.88 now.

[ShakeNTake]

probably down to 6.59 before we go back up hopefully end up eod above 6.69

[ShakeNTake]

almost got that 6.69

next resistance point looks around 6.91 if we can get past 6.69

[derekdomino]

Indeed. Anything in this range should be fairly low risk.

[ShakeNTake]

need to break through 6.69 to move to the next level up

[ShakeNTake]

support building today

[ShakeNTake]

still a good entry point. good luck.

[derekdomino]

I have a hard time not seeing this continue to rise. I bought in last Friday and am tempted to buy more tomorrow. I should have bought more at today's open.

[ShakeNTake]

6 to 6.50 today

not bad. see what tomorrow brings.

[ShakeNTake]

thanks for the explanation. I completely agree. Now that i look back the risk was just as big as the reward. Lessoned learned. I do believe this thing has the potential to go big though. I wanted to start to play and monitor the stock now for when it becomes a little more volatile it will be more fun to play. Overall down 1k. I played it when it was a falling knife and made some of the losses back. 2nd day stuck on $6.

[robinandthe7hoods]

Don't trade based on anything I'm saying.The chart was in a general downtrend,and the Quarterly report didn't give it the boost that was required,so everyone dumped.But,looking at the chart,it says this has long trend upward movement coming.And the fact that it has an RSI of 19,it's starting at rock bottom.Now it has a gap to fill going up too.
The financials were pretty darn good,and the analyst price targets are a whole lot higher than $6.00.
If the market crashes in March,all bets are off.In that case,some people will be getting this a whole lot cheaper for that next long term climb,because it's in the cards.Tough decisions to be made. Good luck!

[ShakeNTake]

by the way thanks for the messages!!

[ShakeNTake]

you think the charts knew the news? Please explain for the board if you do not mind. Thanks!!

[robinandthe7hoods]

Heheh!Shakentake was off on his chart reading.Now rock-bottom has been hit.I'll guarantee right now that a major uptrend is about to begin.The markers are on the chart.Good luck!Wish I was in.

[lovethatgreen]

there was a headline saying "CEO out" but what really happened was the COO moved up to CEO and the CEO went to the board of directors.

They were downgraded to OUTPERFORM, yes that is a downgrade from TOP PICK.

And, there may have been an earnings miss, not sure but the revenue was up 38% year over year and the predict $100 million revenue this year with a mkt cap of only $168m.

[ShakeNTake]

so this morning it was straight to $7. then down to $6.2 then up to $6.5 where it has rested for a little while. Last night was a lot of information to take in. Some thing were expected. Others.. not as much.

BrightCove has added 172 new customers and 52 !!! Premium customers. A few of the names are seen here: http://www.brightcove.com/en/customers

We beat Estimated by 28.5 %.
BrightCove is expected to do well over $100,000,000 in revenue
A few new Customers for the quarter include: Allstate, georgetown university, and Johnson and Johnson.
BCOV shares are extremely depressed and the beginning of an uptrend would not take much.
Good Luck and always keep cash available for when situations like this come up.

[ShakeNTake]

looks like AH brought us down to 8. Hmm. Not looking good short term