All Mobile Video Enters into Agreement to Acquire AEG Digital Media
Los Angeles, Calif., April 7, 2014--All Mobile Video (AMV) announced today that it has entered into an agreement with AEG to purchase AEG Digital Media (AEGDM), an end to end digital broadcast services business based in Los Angeles, CA. The new combined company will be called AMV Digital Media.
Combining the experience and assets of All Mobile Video with L.A.-based AEGDM’s holdings including its Online Broadcast Center and recent facility expansion in Madrid, Spain with AMV’s facilities in New York City and Dallas, TX, this agreement will expand the new organization’s technical capacities, allowing full redundancy in acquisition, encoding and transport services, according to AMV in a statement. These additional POP locations will provide content providers more acquisition options while maintaining the highest broadcast standards for quality and reliability AEGDM is known for in the industry.
Since its inception in October, 2009, AEGDM has taken the lead in providing full time, live linear, TV Everywhere streaming services to programmers, broadcasters and OVP’s in addition to continuing to build their ad-hoc event streaming, software and product portfolio.
“AMV has always purchased companies within its wheelhouse, this time we went outside the box and are acquiring a group that would make our company more diverse,” said Lenny Laxer, Vice President of All Mobile Video.
The company also announced that Joe Einstein, who has served as AEGDM’s Vice President, Operations for the past 5 years would continue in that role for the new venture.
This expansion will bring AMV Digital Media acquisition capacity to 70 antennas, over 100 fiber circuits, production and uplink trucks, and in-house space segment.
The transaction is expected to close in the next thirty days.