Spark New Zealand Selects OTT Platform Provider, Xstream

COPENHAGEN, Denmark and AUCKLAND, New Zealand, Aug. 28, 2014 /PRNewswire/ — Spark New Zealand (formerly Telecom NZ), a New Zealand– wide communications and internet service provider, has selected Xstream’s award winning professional video management platform, Xstream MediaMaker™, for delivery of their new OTT video service, Lightbox – aiming at offering the best service internet TV service in New Zealand. 

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Lightbox is the new OTT video services by Spark New Zealand. At launch the service will be available as a subscription based video on demand service (SVOD) with more than 5000 hours of insanely good TV available to all New Zealanders. The service can be used across multiple devices, including laptop, desktop, iPad and Airplay on Apple TV. With Xstream MediaMaker™ and a set of RestFul API’s, Xstream has had a leading role in creating the OTT service.

“Xstream comes with a proven technical strength, an impressive track record of managing high-end, customized OTT and TV Everywhere services and a software that truly sets the company apart from others, enabling us to take our service to the next level today and tomorrow,” said Mike McMahon, CTO at Spark New Zealand’s OTT service, Lightbox. “Xstream has met all our rigorous demands for high-quality and flexibility. Their cloud based video management system, Xstream MediaMaker™, is one of the most complete and flexible OTT platforms we’ve seen in the market, including everything one need to create and manage a complete OTT solution.”

“We’re thrilled to be working with one of the worlds most innovative Telcos on creating and deploying their OTT solution,” said Frank Thorup, CEO at Xstream. “Xstream MediaMaker™ is designed to work in parallel with legacy TV systems, leveraging existing infrastructure investments while, at the same time, be flexible to integrate with any other third party solution and to enable customers to deploy complete end-to-end OTT solutions like Lightbox.”  

Some core features in the OTT solution powered by Xstream MediaMaker™ includes advanced voucher integration and functionality, advanced parental control where the entire frontend has a dimension that’s controlled by parental guidelines enabling parents to filter out content playback according to rating. Xstream MediaMaker™ also provides an easy and transparent workflow management for content ingest including a OTT loading dock service with screener application, which is integrated with Gracenote and Technicolor, assets management, automated and scheduled publishing across devices, subscriber management, Shop and Payment module enabling Lightbox to create and manage multiple business models. The in built device management allows Lightbox to set up rules on number of devices registered to each Lightbox account as well as control concurrent streams, a service that enables Lightbox customers to use one account to watch different content on different devices.

“We’re delighted to partner up with a company like Xstream who truly understands the complicated OTT/TV Everywhere ecosystem,” said Simon Hoegsbro. “Xstream offers more than just an online video platform/video CMS, they offer a cloud based platform with a wide palette of capabilities and features that we see as cost-effective and flexible. Importantly, Xstream MediaMaker™ is proven and future-proof, enabling us to build a platform we can grow and develop with as we move forward in a rapidly evolving market place. We need to stay ahead of the game and are relying on Xstream to help us do exactly that.”

Other partners involved and integrated into Xstream MediaMaker™ for the Lightbox service include IPPayments, Mandril for e-mails, Amazon for hosting, Akamai for CDN, Gracenote and Technicolor and Accedo for frontend apps.

Meet Xstream at IBC
Xstream will be present at IBC and welcomes visitors to drop by their stands #14.F15 and get a demo of the video management system, Xstream MediaMaker™, the engine behind services like Lightbox.

At IBC, Xstream and Lightbox will have a presentation, showcasing the solution and where you’ll get answers to why, how, what questions. The presentation takes place on Sunday September 14th at 2:00pm in Hall 3, stand 3.A19

About Lightbox
Lightbox is a New Zealand-made subscription video on demand service (SVOD) that gives you the freedom to choose from thousands of hours of great TV shows, all ready to watch when you are, with no ads to interrupt. With award-winning drama and crime shows, popular comedy and sci-fi series, and an impressive line-up of kids’ programmes, Lightbox has something for the entire family to enjoy. The service can be used by anyone with a broadband connection and is compatible with desktop PCs, laptops, iPads and on Apple TV with Airplay. The first 30 days are free, so new subscribers can try out Lightbox. After that, it’s only $15 per 30 days for all you can eat TV. There are no contracts, no set-top boxes required and no installation costs – it’s TV, online, anytime.  See www.lightbox.co.nz for more details. #LightboxNZ.

About Xstream (www.xstream.net)
Xstream has been a pioneer in OTT and TV Everywhere since 1999. Drawing on their extensive experience, Xstream works with world-leading Telco’s, cable operators and MSOs. Xstream deliver simpler, smarter OTT TV solutions characterized by superior flexibility, usability, scalability and cost-efficiency. Xstream’s comprehensive and scalable online end-to-end video management solution, Xstream MediaMaker™, offers numerous key modules such as Shop and Payment module, domain control, assets management and analytics. Xstream also offer a suite of outstanding individual services, including: Apps for Connected devices, Ingest, DRM, Transcoding and Encoding.

Xstream works with a wide range of customers like Fuhu/ nabi tablet, Pathe, Canal Digital, SBS Belgium, SBS Discovery, Telenor & Altibox.

Xstream is headquartered from Copenhagen, Denmark and has offices in Los Angeles, Melbourne, Warsaw and Sydney.

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Steady Development with Solid Performance in 1H 2014

HONG KONG, Aug. 28, 2014 /PRNewswire/ — CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883, TSX: CNU) today announced its interim results for the six months ended June 30, 2014.

For the first half of the year, the Company’s total net oil and gas production reached 211.6 million barrels of oil equivalent (BOE), up 6.8% year-on-year (yoy), with 36.3 million BOE contributed by Nexen.

The Company’s average realized oil price was US$106.30 per barrel in the first half of 2014, representing an increase of 2.0% yoy, while average realized gas price rose 13.5% yoy to US$6.44 per thousand cubic feet.

Benefited from the growth of net oil and gas production and increase in realized oil and gas prices, the Company recorded RMB117.1 billion in oil and gas sales revenue, a yoy increase of 5.7%; meanwhile, net profit fell 2.3% yoy to RMB33.59 billion.

In the first half of 2014, the Company’s all-in cost was US$43.20 per BOE, up slightly by 2.0 % yoy, while operating cost was US$11.78 per BOE, up 7.0 % yoy, mainly attributable to the consolidation of two more months of Nexen’s performance.

In the area of exploration, the Company made 9 new discoveries and 23 successful appraisal wells. Among them, Lingshui 17-2, discovered by “Haiyangshiyou 981”, was successfully tested and is expected to become the first large-sized deepwater gas field made by our independent exploration activities. While Luda 16-3 South structure is expected to become a mid-sized discovery after appraisal, Kenli 16-1 structure uncovers the good exploration potential of southern slope of Laizhou Bay Sag in Bohai. Kenli 3-2 oilfields, Panyu10-2/5/8 project and Wenchang 13-6 oilfield have commenced production within the year as scheduled while other projects are progressing accordingly.

During the period, the Company continued to advance the integration of Nexen, especially in the areas of management, resources development and corporate culture. Nexen’s safety and environmental protection achieved best performance in its history in the first half of 2014. Production efficiency of Buzzard oilfield in the UK North Sea was further enhanced, while production and operation of Long Lake oil sands project achieved significant improvement. The progress of integration reached the Company’s expectation.

Mr. Wang Yilin, Chairman of the Company, said, “In the first half of 2014, the Company has executed its ‘New Leap Forward’ strategy in a solid way and achieved satisfactory results. We will endeavor to strengthen our management, enhance the growth quality and efficiency of the Company to create greater value for our shareholders.”

Mr. Li Fanrong, CEO of the Company commented, “During the first half of 2014, we have actively pushed ahead different areas of our business. Good progress was made in the production and operation and a healthy financial position was maintained. In the second half of the year, we will continue to work diligently to ensure that we meet our annual production and business targets.”

In the first half of the year, the Company’s basic earnings per share reached RMB0.75. The Board has declared an interim dividend of HK$0.25 per share (tax inclusive).

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

This press release includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company’s expectations, including those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule pursuant to its terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People’s Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the 2013 Annual Report on Form 20-F filed on 17 April 2014.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

For further enquiries, please contact:

Ms. Michelle Zhang
Deputy Manager, Media / Public Relations
CNOOC Limited
Tel: +86-10-8452-6642
Fax: +86-10-8452-1441
E-mail: MR@cnooc.com.cn

Ms. Cathy Zhang
Hill+Knowlton Strategies Asia
Tel: +852-2894-6211
Fax: +852-2576-1990
E-mail: cathy.zhang@hkstrategies.com

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