LONDON, UK / ACCESSWIRE / September 18, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Viacom Inc. (NASDAQ: VIAB), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=VIAB. The American media Conglomerate and Cisco (NASDAQ: CSCO), a global technology leader, announced on September 15, 2017, that they have entered into an alliance to build a new versatile video distribution network foundation. The new network foundation is expected to boost Viacom's distribution of its premier branded content across multiple linear, digital, and mobile screens for viewers in the US, Canada, Mexico and the Caribbean. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Access to Cisco® D9800 Network Transport Receiver
- Collaboration with Cisco would enable Viacom and its affiliates to leverage Cisco's advance feature set - the Cisco® D9800 Network Transport Receiver.
- The Cisco® D9800 will help Viacom attain greater efficiencies around content reception and distribution.
New Versatile Video Distribution Network Foundation for Viacom
Viacom comprises premier global media brands, which create extraordinary television programs, motion pictures, short-form content, apps, games, consumer products, social media experiences, and other entertainment content for audiences in over 180 countries. Its media networks include Nickelodeon, Comedy Central, MTV, VH1, Spike, BET, CMT, TV Land, Nick at Nite, Nick Jr., Logo, Nicktoons, TeenNick, Channel 5 (UK), Telefe (Argentina), and Paramount Channel. These collectively reach more than 3.9 billion television subscribers worldwide.
David Kline, Chief Technology Officer at Viacom, stated that Viacom remains committed to investing in the appropriate technology to offer compelling programming to its affiliates and world-class entertainment experiences to its customers worldwide. He revealed that collaboration with Cisco would accelerate Viacom's migration to a next-gen video distribution network. It would also help the Company strengthen its delivery of advanced viewing experiences while enabling its affiliates to evolve their platform architecture.
Cisco Aids Viacom's Migration to Next-Gen Video Distribution Network
Cisco has been making the Internet work since 1984. Its people, products, as well as partners are dedicated to helping society connect and seize the pertinent digital opportunity.
Conrad Clemson, Senior Vice-President and General Manager, Service Provider Platforms and Applications at Cisco shared that Cisco has always been focused on helping its media customers accelerate the migration of legacy systems and services to the next-gen entertainment services that people demand. He particularly mentioned about Cisco's relationship with Viacom. He stated that work with Viacom extends Cisco's legacy of assisting world's leading content providers to incorporate the latest innovation in compression technologies and move closer to cloud-powered and all-IP video delivery.
Cisco Releases Cisco® Media Blueprint
Cisco launched its Cisco® Media Blueprint on September 15, 2017. It is a set of IP-based infrastructure and software solutions designed to accelerate the migration to IP and cloud technology. Consumer demand for more and more content in greater resolutions across their devices is constantly growing. This has pressurized media and entertainment companies to develop their media production and distribution operations to accommodate the industry shift to IP, 4K, OTT, and mobile video.
The product intends to help media companies such as content and service providers, broadcasters as well as entertainment companies to transition to software-defined, cloud-based architecture with multivendor integration for faster, scalable, and secure media production workflows in any environment. This would help them meet dynamic requirements for live and file-based content production and postproduction.
Apart from Viacom, other players such as Arena TV, BBC Wales, CANAL+, Fox Networks Engineering & Operations, NBCUniversal, and Technicolor have also aligned to Cisco's strategy for media network transformation.
Last Close Stock Review
At the close of trading session on Friday, September 15, 2017, Viacom's stock price rose 1.13% to end the day at $27.67. A total volume of 5.55 million shares were exchanged during the session, which was above the 3-month average volume of 5.38 million shares. The Company's shares are trading at a PE ratio of 7.64 and have a dividend yield of 2.89%. At Friday's closing price, the stock's net capitalization stands at $11.52 billion.
On Friday, September 15, 2017, the stock closed the trading session at $32.44, marginally up 0.78% from its previous closing price of $32.19. A total volume of 29.12 million shares have exchanged hands, which was higher than the 3-month average volume of 20.29 million shares. Cisco Systems' stock price advanced 0.31% in the last one month, 2.56% in the past three months, and 3.61% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 7.35%. The stock is trading at a PE ratio of 17.03 and has a dividend yield of 3.58%. The stock currently has a market cap of $162.04 billion.
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