Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) recently made an announcement in regards to its inking a multi-year contract with BBC, which the company expected would go a long way towards offering post-production and media management services to BBC Creative, one of the premium public services broadcasters.
The company clinches the contract in a wake where it has been directing a lot of resources as well as efforts towards achieving business success. It has managed to beat most of the leading post-production companies by acquiring the contract through a tender and truth be told, the future looks quite promising for the high end company.
On the other hand, some trusted sources have indicated that BBC Creative has lately been witnessing spectacular growth, producing content on several campaigns across the organization. By leveraging on its proprietary cloud-based media processing platform, Ericsson is expected to provide end-to-end services and as a matter of fact that will include the desktop facilities, storage, edit and audio suites.
Ericsson’s post-production services facility in London happens to be highly-equipped with multiple craft edit, captioning suites as well as audio will assist with BBC’s delivery needs as well as content management.
With the passage of time, the company has showcased great ability in handling as well as making of important steps to fortify its foothold in the broadcasting and media industry. That will be done through extending the company’s technology to broadcasters for merging mobility and video.
In the recent times, the company got involved in multiple contracts as a way to boost its Digital Video Recording services. Ericsson boasts of a proven track record in the delivery of TV as well as media business transformation in the past two decades.
The company’s experts look at the restructuring actions as great moves towards propelling the company towards high levels of business success. Among some of the moves includes taking steps to slash cost of sales as well as efforts to improve supply chain management.
Well, the interesting point and which everyone is looking forward to is the establishment on whether or not the company will succeed to stick to its own position amid the tough conditions in the wireless market, which has been pointed at as being on a steady state of decline.