Broadcast

Broadcast
market

Vitec supplies broadcasters, cinematographers and independent content creators with a variety of products and services to assist in the capture and transmission of video images.

The broadcast market comprises products and services used in the production of content for broadcasters and cinematographers, whether in a studio, on location or in an enterprise. The growing professional video segment includes products and services used in the production and streaming of video by independent content creators including education and religious establishments, corporate entities and governmental bodies.

We estimate that the broadcast market for products and services supplied by Vitec is worth around £900 million annually. This includes the traditional broadcast and film markets as well as the higher growth independent video production and enterprise video markets. Vitec is well positioned due to its broad geographical reach and premium products. We have a global sales team that is able to offer a full range of products and services to our customers all over the world, either directly or via distributors, both online and in stores.

Increase in video consumption and independent video creation
The proliferation of new media, coupled with the launch and growth of third party streaming applications from Google and Facebook, has resulted in significantly higher content generation, engagement, reach and measurability (via likes, follows, shares and comments).

Newer online platforms such as Netflix and Amazon Prime have rapidly increased their commissioning of original content as opposed to re-transmitting programmes previously aired on the traditional networks. This has led to the expansion of independent production companies set up to produce content for those networks and those production companies purchasing or renting equipment to do so.

Free streaming platforms such as Facebook Live and YouTube Live allow content creators in the field (independent and traditional broadcasters) to stream live and publish content on mobile devices. Vitec provides a wide range of mobile production equipment (e.g. Manfrotto monopods and Litepanels portable lights) while Teradek’s Live:Air production suite offers a comprehensive video mixer for iOS devices.

High definition transition, Virtual Reality and 360-degree video
4K resolution adoption has increased rapidly with the Rio 2016 Olympics and other sporting events mostly shot and broadcast in 4K Ultra HD, and Netflix and Amazon Prime offering 4K Ultra HD streaming services. While adoption is growing, with most major television and monitor manufacturers creating products with HDR and 4K support at affordable prices, it is still not yet mainstream. However, this has resulted in studios being upgraded, camera replacement cycles shortening and increased demand for our products. Worldwide, even higher resolutions have been launched, for example, Japan’s pioneering public broadcaster NHK’s world first 8K broadcast.

360-degree video streaming and Virtual Reality (“VR”) applications are expanding rapidly, with many television shows offering “second screen” content online. The industry is supported by investments from companies like Facebook (Oculus), HTC (Vive), Samsung (Gear VR), Sony (PlayStation VR) as well as platforms such as YouTube 360. Vitec has developed ground breaking products in this area, with, for example, Teradek’s award winning Sphere VR which converts the flat, rectangular views from multiple cameras into an immersive, virtual, 360-degree world, and streams that wirelessly to tablets, phones and the web.

Broadcasters’ capital expenditure
Broadcasters’ ability and willingness to incur capital expenditure on the construction or refurbishment of studios depends partly on their financial performance. Those broadcasters funded by subscription income have performed well and expanded with new operations globally. Those broadcasters reliant on advertising expenditure continue to invest in their capabilities but tend to be more susceptible to macroeconomic conditions.

Vitec’s ability to offer products that reduce the capital expenditure requirements of broadcasters and in turn reduce their investment risk, is increasingly attractive, notably through savings offered by our lower cost robotic heads (e.g. Vinten Vantage) and Litepanels LED lighting solutions. The savings and efficiencies offered by LED lighting compared with traditional lighting are significant. There is also a focus on mobile journalism and portable solutions with more bonded cellular broadcasts using products such as Teradek’s Bond. It is not enough to simply create content for broadcast; content must also be made for online audiences, whether that is live streamed or uploaded as “second screen” content.

Wireless transmission of data
We see accelerating growth in the use of wireless devices to transmit data and images on “connected devices”, especially through WiFi. The cost-effectiveness, range and quality of video data encoders, decoders and related components allows users to monitor and transmit at increasingly lower costs. Vitec products, including Litepanels’ use of Bluetooth for remote lighting management, Teradek’s wireless decoders and Manfrotto’s Digital Director, are all evidence of our innovation in new markets and technologies.

Video for enterprises
There is a growing demand for high quality video being produced by a variety of non-broadcast enterprises. This includes:

» Fortune 1000 businesses wanting to capture and disseminate corporate messages internally, as well as training videos and new product introductions

» Large religious institutions increasingly using video to connect with congregations

» Public addresses and streaming of official meetings, court proceedings and government sessions

» Medical institutions wanting to record healthcare procedures with high quality video

These customers need to light their content, use teleprompters to better tell their story, deploy stable supports to hold and use their cameras, equipment to hold their lights and even backgrounds for their videos. Vitec has built a dedicated team (“VitecEV”) to focus on this market segment, bringing innovative solutions and services to help customers adopt, deploy and increase their use of video.



Supports

With our multiple brands, comprising Vinten, Sachtler, OConnor and Manfrotto, providing broadcast and video manual supports, we have the premium position and largest market share. Vinten mainly operates in the broadcast studio segment, Sachtler and Manfrotto in the broadcast location and video segments and OConnor in the film segment. We also supply robotic camera systems mainly for news and sports applications through our Vinten and Camera Corps brands.

On-camera monitors

SmallHD is a leading provider of high-quality, high-definition on-camera dedicated field monitors used by broadcasters and independent content creators.

Prompting

With our premium brands of Autocue and Autoscript, we are the number one, by value, for the supply of prompting equipment to the broadcast market.

Lighting

Litepanels led the way in the adoption of LED lighting in the video segment and “on location” for broadcast. It is now also the leader in the use of LEDs in broadcast studios.

Mobile power

Anton/Bauer is the leading brand with a number one position, by value, in the after-market for camera batteries and chargers in the broadcast sector.

Wireless systems

Teradek has the largest installed base of equipment in the US video segment for cellular and wi-fi systems.

Robotic camera systems

We supply robotic camera systems mainly for news, reality programmes and sports application through our Vinten and Camera Corps brands and hold the number two position globally by value.

Distribution, rental & services

Through our Bexel brand in the US and Europe, we are one of the world’s largest suppliers of broadcast equipment and technologies, renting equipment to and providing custom solutions for leading broadcast organisations and production companies.

Camera accessories

We supply high quality camera accessories through our Offhollywood and Wooden Camera brands and hold the number two position globally.