Desilu Goes Tech – Acquires Controlling Stake in Israeli Streaming Technology Startup Vonetize
Desilu Studios establishes technology arm to commercialize its content and productions via proprietary e-commerce, streaming and smart TV experiences.
LOS ANGELES(21 Mar 2018)
Today, Desilu Studios, Inc. Chairman and CEO Charles B. Hensley announced that Desilu Studios has acquired a controlling stake in Vonetize (TASE: VNTZ), an Israeli publicly traded technology company focusing on major studio content streaming, distribution, protection and monetization.
Desilu recently announced a major tent-pole project "V The Movie" a big budget trilogy film franchise from the creator of the wildly successful original classic TV mini-series "V". The merchandising expectations are astronomical from these highly anticipated long awaited films.
Desilu's technology arm in their Los Angeles post production facilities will work closely with Vonetize's team to innovate and fully integrate the technology, which the studio plans to include as a driving force in many facets of its operations, from direct to consumer content offering, interactive experiences and digital commerce.
Charles B. Hensley, Desilu Chairman and CEO: "It has been my vision from day one to deliver our content direct to consumers via streaming or any other emerging and disruptive technologies. Discovering Vonetize in Israel through my Exec VP Steven Posen has been a game changer for us, with Exec VP Bobbie Celler expediating and advancing our global footprint exponentially!"
Noam Josephides, Vonetize Chairman: "Desilu is the embodiment of the classical Hollywood Studio with a modern twist, a progressive vision on converging film, TV, technology and ancillary experiences into a whole new level of entertainment. This acquisition will revolutionize a new breed of advanced content branding with uncompromising quality, experience and global reach."
About Vonetize
Vonetize operates in over 60 countries and has global partnerships with such global giants as Samsung, LG, Disney, Warner Brothers, Fox, Sony, Universal and others. Its proprietary technology spans end-user applications for mobile, TV, Set Top Boxes and web, robust cloud-based Over The Top solution enabling live channel streaming and On Demand delivery of up to 4K-HDR quality, 24/7 full cloud recording of channels with unlimited catch-up capabilities, secure delivery across multi-DRM protection, smart streaming optimization, TV payment processing and Addressable TV direct-advertising targeting solutions via the acquisitions of SmartPay.tv and Takoomi in recent months.
About Desilu Studios
Desilu Studios, Inc., a subsidiary of Desilu Corporation is engaged in digital technologies, film, television, merchandising, content streaming, theme parks and cinemas.