AIRPORT CITY BUSINESS PARK, Israel, January 16, 2013 /PRNewswire/ --
RRsat Global Communications Network Ltd. (NASDAQ: RRST), a leading provider of comprehensive digital content management and global distribution services to the television and radio broadcasting industries, announced today that it has signed a joint venture agreement with Keshet Media Group. RRsat will provide Keshet with a wide range of its services. These include playout and content distribution for Keshet's Channel 24 and Disaster Recovery (DR) services for Keshet's Channel 2.
RRsat's automated solution for disaster recovery (DR) will provide a transmission backup solution for Channel 2. Content will be synchronized between the two transmission rooms on a daily basis, and in an emergency, content will be broadcast seamlessly from RRsat's transmission room.
In addition, RRsat will provide playout and distribution services to Channel 24, Israel`s leading music channel, via RRsat's state-of-the-art playout center. This will enable improvements in the channel's broadcasting capabilities and will allow Channel 24 to handle both recorded and live content in a unified manner. Additionally, RRsat will provide production and broadcast services for live events.Ziv Mor, C hief Technology Officer of RRsat said, "We are very excited that another leading media group such as Keshet in Israel recognized RRsat's superior playout capabilities and selected us as its new partner of choice. This is demonstrated by shifting its complex Channel 24 operations over to us, and relying on our disaster recovery capabilities to support Israel's leading channel, Channel 2. We are pleased that we were able to offer an efficient technical solution, customized to Keshet's specific needs." Zohar Alon, Chief Technology Officer of Keshet added, "Keshet sees significant value in high quality transmission for its viewers. We therefore transitioned to tapeless broadcasts, for the first time in Israel. Similarly, Keshet is now the first broadcaster in Israel with a backup playout room in the event of an emergency. Furthermore, Channel 24 now combines an outsourced solution to extend its broadcasting capabilities. During the current economic slowdown, together with RRsat, we have found a creative solution providing a state-of-the-art technological solution on the one hand, and a business model tailored to these times for Keshet, on the other." About Keshet Media Group Keshet is a leading Israeli media company. Established in 1993, Keshet specializes in reaching coveted audiences with top rated, top quality programs by creating innovative content that stands out for existing and emerging media platforms. The company's core business is free TV with Keshet Broadcasting - a franchisee of Channel 2, Israel's major commercial channel. Keshet Broadcasting has consistently dominated ratings and market share with daily TV reach that stands at 62% of Households. Prime time share averages at 35%, with top programs achieving 45%. Programs from Keshet are provided by its in-house productions and by independent producers and span across all genres, including: entertainment, drama, factual, news and current affairs. Over the years, Keshet has expanded its media and entertainment businesses to include: cable and satellite channel (Music 24), new media unit: web portal, interactive operations and mobile (MAKO), new media design house (Mantis) and in-house development and production company (Bip). The company also holds a stake in Channel 2's News Company. Since becoming a media group, the company has also been leading Israel's web and mobile content market. This in-house integration of old and new media has made Keshet a frontrunner in developing cross platform, 2Screens content. For more information visit the company's website: http://www.keshetmediagroup.com About RRsat Global Communications Network Ltd.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV