SeaChange

SeaChange to be Acquired by Partner One

Retrieved on: 
Monday, March 11, 2024

SeaChange has traditionally supported clients’ Operator TV systems, Advanced Advertising insertion platforms, the StreamVid streaming enablement solution, and the Xstream FAST channel service platform.

Key Points: 
  • SeaChange has traditionally supported clients’ Operator TV systems, Advanced Advertising insertion platforms, the StreamVid streaming enablement solution, and the Xstream FAST channel service platform.
  • The Company currently expects the transaction will result in net proceeds to SeaChange of between $13-15 million upon Closing.
  • In addition, SeaChange may, subject to the terms of the Purchase Agreement, respond to unsolicited, bona fide, written alternative acquisition proposals.
  • Needham & Company, LLC is acting as exclusive financial advisor to SeaChange in this transaction, and K&L Gates LLP is acting as legal counsel to SeaChange in this transaction.

Adaptive Gen AI Startup Cimba.AI Emerges from Stealth with Pre-Seed Funding to Optimize Data-Driven Business Operations

Retrieved on: 
Tuesday, February 6, 2024

SEATTLE, Feb. 6, 2024 /PRNewswire/ -- Cimba.AI, the Gen AI-native platform that gives enterprises the power to create custom AI agents that produce deep insights, recommend and trigger business actions, has officially come out of stealth with $1.25M in Pre-Seed funding. The round was led by Ripple Ventures, with participation from SeaChange, PackVC, and angel investors like Chad Sanderson and Chris Riccomini. 

Key Points: 
  • The round was led by Ripple Ventures, with participation from SeaChange, PackVC, and angel investors like Chad Sanderson and Chris Riccomini .
  • Business operations teams, such as CS, RevOps, and SalesOps, can leverage these AI agents to tackle intricate business goals and trigger subsequent actions based on their data in the data warehouse, such as Snowflake.
  • Cimba.AI's platform marks a significant advancement in the practical application of Generative AI in the business world.
  • Train AI agents using SQL & Natural Language - Users can train our adaptive AI agents using a simple feedback loop, natural language, or SQL.

King Oscar USA Launches All-New Salmon Product Line

Retrieved on: 
Tuesday, January 16, 2024

SAN DIEGO, Jan. 16, 2024 /PRNewswire/ -- King Oscar, the legendary Norwegian seafood producer, is proud to announce the launch of a new line of Skinless & Boneless Atlantic Salmon in Extra Virgin Olive Oil in the US.

Key Points: 
  • "As a premium brand, our all-new salmon lineup elevates the category beyond anything consumers have seen," said King Oscar USA president, John Engle.
  • "All three flavor varieties feature select cuts of Atlantic salmon, unlike traditional canned 'skin-on & bone-in' salmon or skinless & boneless flake-style canned salmon.
  • Expect King Oscar to deliver hand-packed cuts of Atlantic salmon, marinated in extra virgin olive oil, and with a proprietary blend of spices and natural flavors in every can."
  • I encourage consumers to pick up a can of King Oscar Skinless & Boneless Atlantic Salmon and enjoy the way canned salmon should be served."

Univer Video Selects SeaChange to Boost Global Campaign with OTT Relaunch

Retrieved on: 
Tuesday, November 14, 2023

Univer Video is available on all major device platforms, including SmartTVs, with imminent expansion to Roku and other mobile devices.

Key Points: 
  • Univer Video is available on all major device platforms, including SmartTVs, with imminent expansion to Roku and other mobile devices.
  • "This partnership underscores our unwavering commitment to empowering innovative content partners on a global scale,” said Justin Murphy, Senior VP of Global Sales of SeaChange International.
  • “We are excited to join forces with Univer Video to create a seamless and captivating streaming service accessible to viewers worldwide."
  • Paulo Cezar Mendes, CCO of Univer Video, commented: “Thanks to the strategic partnership with SeaChange, Univer Video is poised to become compatible with a wider array of devices, providing viewers with more accessibility options than ever before.

FOX Sports Mexico and SeaChange Demonstrate the Future of Live Sports in Dolby Vision and Dolby Atmos at Nextv Miami

Retrieved on: 
Tuesday, October 31, 2023

This will include a demonstration of how Dolby Vision ultra-vivid picture quality and Dolby Atmos immersive sound enhance the viewing experience of live sports through FOX Sports Mexico’s Streaming App, “ App FOX Sports MX .”

Key Points: 
  • This will include a demonstration of how Dolby Vision ultra-vivid picture quality and Dolby Atmos immersive sound enhance the viewing experience of live sports through FOX Sports Mexico’s Streaming App, “ App FOX Sports MX .”
    "Our work with Dolby and SeaChange represents a new era in live sports content delivery.
  • “We are thrilled to be working with FOX Sports Mexico and SeaChange to demonstrate how live sports can and should be enjoyed.”
    “The technology provided by SeaChange forms the backbone of FOX Sports' revolutionary content delivery.
  • Dolby Vision and Dolby Atmos, known for their unparalleled video and audio quality, will elevate sports content to new heights, delivering a truly immersive experience that will bring viewers closer to the action,” adds Justin Murphy, Senior VP Global Sales at SeaChange International.
  • FOX Sports Mexico and SeaChange will demonstrate the new experience at Nextv Latin America in Miami (November 1-2), showcasing the transformative power of Dolby Vision and Dolby Atmos in the world of sports content.

SeaChange Appoints Chris Klimmer CEO

Retrieved on: 
Wednesday, September 27, 2023

BOSTON, Sept. 27, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced the promotion of Chris Klimmer to President, CEO and a member of the Board of Directors, effective immediately.

Key Points: 
  • BOSTON, Sept. 27, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced the promotion of Chris Klimmer to President, CEO and a member of the Board of Directors, effective immediately.
  • Klimmer said: “On behalf of the Board and myself I’d like to thank Peter Aquino for his invaluable contributions to SeaChange and shepherding it to the well positioned company it is today.
  • I could not be more grateful and proud to now be entrusted with leading SeaChange into the next phase of its evolution.
  • During my tenure as CEO Chris has proven that he can lead the team and manage the business with the right balance of discipline and passion.

SeaChange Adopts Tax Benefits Preservation Plan to Protect Tax Assets

Retrieved on: 
Wednesday, August 16, 2023

As of January 31, 2023, the Company had United States federal NOLs of approximately $131 million.

Key Points: 
  • As of January 31, 2023, the Company had United States federal NOLs of approximately $131 million.
  • The Plan is similar to the Company’s previous Tax Benefits Preservation Plan, as amended, dated March 4, 2019, by and between the Company and Computershare Inc., as rights agent, which expired on March 4, 2022.
  • Subject to customary limitations, the Plan may be amended, redeemed or terminated by the Board at any time prior to being triggered or its expiration.
  • Additional details regarding the Plan are contained in a Current Report on Form 8-K to be filed by SeaChange with the U.S. Securities and Exchange Commission (the “SEC”).

SeaChange Announces Voluntary SEC Deregistration and Nasdaq Delisting

Retrieved on: 
Tuesday, August 8, 2023

BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced its voluntary decision to deregister its common stock (the “Common Stock”) with the U.S. Securities and Exchange Commission (the “SEC”) and delist its Common Stock from The Nasdaq Stock Market LLC (“Nasdaq”).

Key Points: 
  • BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), (“SeaChange” or the “Company”), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced its voluntary decision to deregister its common stock (the “Common Stock”) with the U.S. Securities and Exchange Commission (the “SEC”) and delist its Common Stock from The Nasdaq Stock Market LLC (“Nasdaq”).
  • The Company expects that the voluntary delisting from Nasdaq and “going dark” will save SeaChange significant money, which can be used to execute the Company’s standalone plan, and thus will provide a benefit to the Company’s stockholders.
  • However, SeaChange stockholders who are concerned about liquidity may choose to sell their shares of Common Stock now before the delisting becomes effective.
  • No guarantee, however, can be made that a trading market in the Common Stock in any over-the-counter market will be maintained.

Morgan Freeman Honored at Oceana’s 16th Annual SeaChange Summer Party in Orange County

Retrieved on: 
Monday, July 24, 2023

DANA POINT, Calif., July 24, 2023 (GLOBE NEWSWIRE) -- On Saturday, July 22, supporters gathered at Oceana’s 16th annual SeaChange Summer Party in Dana Point, Calif., to celebrate a wave of victories for the oceans and raise more than $1.5 million in support of Oceana’s ocean conservation campaigns in California and around the world. The event honored Academy Award-winning actor and advocate Morgan Freeman, and recognized president of the Surf Industry Members Association and CEO of Vissla, Paul Naudé, as its Ocean Champion. Hosted by actress, comedian, screenwriter, and producer June Diane Raphael, the event concluded with a private concert by Third Eye Blind.

Key Points: 
  • The event honored Academy Award-winning actor and advocate Morgan Freeman, and recognized president of the Surf Industry Members Association and CEO of Vissla, Paul Naudé, as its Ocean Champion.
  • Hosted by actress, comedian, screenwriter, and producer June Diane Raphael, the event concluded with a private concert by Third Eye Blind.
  • Because a healthy ocean is every child’s rightful inheritance.”
    Oceana CEO Andrew Sharpless introduced event honoree, Morgan Freeman, highlighting Freeman’s unwavering commitment to ocean conservation.
  • Over the past 16 years, Oceana’s SeaChange Summer Party has raised more than $19 million to address some of the biggest threats facing the oceans.

Thai Union Launches SeaChange® 2030, Committing THB 7.2 Billion (USD 200 Million) to Advance Sustainability Goals

Retrieved on: 
Tuesday, July 18, 2023

BANGKOK, Thailand, July 18, 2023 (GLOBE NEWSWIRE) -- World seafood leader Thai Union Group PCL announced today the launch of SeaChange ® 2030, the next stage of its sustainability strategy to help reshape the seafood industry with solutions across people and planet that better sustain a future for all.

Key Points: 
  • BANGKOK, Thailand, July 18, 2023 (GLOBE NEWSWIRE) -- World seafood leader Thai Union Group PCL announced today the launch of SeaChange ® 2030, the next stage of its sustainability strategy to help reshape the seafood industry with solutions across people and planet that better sustain a future for all.
  • The time for change is now.
  • That’s why Thai Union is committing the equivalent of its entire 2022 net profit of THB 7.2 billion (USD 200 million) to SeaChange® through 2030 and setting aggressive new goals that will impact the entire seafood value chain on a global scale.
  • Thai Union is collaborating with some of the most impactful players in global sustainability and eco-leadership to launch its next stage strategy as the seafood industry’s leading agent of change, engaging thousands of vessels and farms to meet these goals.