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Monday, June 17, 2024

Zixi Reports Impressive 2023 Annual Results

Zixi, the provider of low latency, live broadcast-quality video over IP solutions, has announced record growth in 2023. For 2023, the company says its annual recurring revenue from OTT customer grew 100% year over year with most utilising Zixi as a Service (ZaaS). Broadcaster customers grew over 30% and globally Zixi’s SDVP was used to broadcast over 1.5M live sporting events. This growth is reflective of the industry’s continued transformation and need for agile, cost-effective IP video workflows; Zixi’s continued thought leadership and investment in product innovation; and the company’s commitment to customers and their desire to improve the efficiency, flexibility and scale of complex live IP video workflows in affiliate distribution, live events and satellite replacement use cases.

FOX Corporation and Estrella Media are cited by Zixi as examples of the company’s efforts and success in 2023. FOX deployed Zixi for the delivery of channels from their 190 local affiliates to their digital MVPD partners using the Zixi Broadcaster to ensure broadcast quality live video over IP and the ZEN Master control plane for system management, automation, orchestration and advanced monitoring. Estrella Media now delivers via Zixi a wide range of programming including news and entertainment to dozens of locations with the advanced telemetry provided by ZEN Master and error free, ultra-low latency delivery also enabled in their fleet of Harmonic devices. With a simple software update, Estrella Media was able to switch on Zixi and leverage their existing infrastructure as part of new IP-based workflows.

Zixi says it also saw tremendous growth of the Zixi Enabled Network ecosystem of partners, which was highlighted by, Red5, Videon, MediaKind, Streann Media, XL8 and many others that standardized on Zixi for their service offerings. In addition, the Zixi Broadcaster and ZEN Master, which are available in the AWS Marketplace, were added to the Azure Marketplace and GCP Marketplace for public and private sales.

Zixi says it continued to innovate and further its market position in 2023, particularly in energy efficiency and Total Cost of Ownership (TCO). New capabilities of the SDVP, including ultra-low latency with unparalleled throughput, as well as compute and efficiency improvements, were introduced to extend Zixi’s ability to deliver the lowest TCO in the industry.

Zixi innovation and product excellence was recognised in 2023 with multiple awards including TV Tech Best of Show for the SDVP, TVB Europe Best of Show for 5G, CSI Awards for Best 5G or Mobile Video Technology or Service, IBC Innovation Award for Remote Production, the Intelligent Data Platform (IDP) NAB Show Product of the Year, the Zixi D2C Media Gateway winning the NAB Show Product of the Year, and Zixi-as-a-Service (ZaaS) taking the NextTV Best of Show.

“2023 was a tremendous success by all accounts, as evidenced by our company growth, customer success, product innovation and industry recognition. At a scale and scope unparalleled in the market, we have made Zixi the only option to efficiently deploy large scale IP distribution and contribution systems reliably and securely with innovation improvements that are focused on sustainability and lowering total cost of ownership,” said Gordon Brooks, CEO, Zixi. “In 2024 we look forward to working with our customers and partners to deliver live IP video with ultra-low latency, remotely with ease and cost savings.”


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