| RR Media (NASDAQ:RRM) | |
| Type: | Public (NASDAQ) |
| Foundation: | 1981 |
| Location: | Airport City Business Park, Israel |
| Key People: | Wilfried Urner, Chief Executive Officer Ayal Shiran, Chairman of the Board Shmulik Koren, Chief Financial Officer |
| Industry: | Digital media services to the broadcast industry |
| Revenue: | US$ 131.2 million (2014) |
| Operating Income: | US$ 8.2 million (2014) |
| Net Income: | US$ 6.1 million (2014) |
| Homepage: | www.rrmedia.com |
RR Media was a NASDAQ listed[1] provider of global digital media services to the broadcast industry and content owners. Its services can be divided into four main groups: global content distribution network (satellite, fiber and the internet); content management & playout; sports, news & live events; and online video services.
The company was rebranded to RR Media from RRsat in September 2014.[2]
In February 2016, it was announced that, subject to regulatory approvals, RR Media was to be acquired by SES, based in Betzdorf, Luxembourg, and merged with SES subsidiary company, SES Platform Services a media services provider for television broadcasters, production companies and platform operators, based in Unterföhring near Munich, Germany.[3] In July 2016, the merged company was named MX1.[4]
RR Media's media centers are based in Hawley, PA (USA), Emeq Ha’Ela (Israel) Bucharest (Romania), with another facility opened in London, (UK) in June 2015.[5] An additional facility in Miami, FL United States was announced in April 2016.[6] The centers provide RR Media's services, including content preparation, management, online video, live content and distribution, and 24/7 service and support.
In November 2014, RR Media won the award for Achievement in Legacy Content at the 2014 TVB Europe awards in London, in recognition for its work with British Pathe and the restoration for YouTube.[7]
In February 2014, the World Teleport Association named Avi Cohen, CEO of RR Media (formerly RRsat), as its 2014 Teleport Executive of the Year.[8]
In 2009, the World Teleport Association awarded RR Media (then RRsat) the Independent Teleport Operator of the Year award for excellence.[9]
RR Media (as RRsat) was established in 1981 as a communications provider. The company was founded by David Rivel, an electronics, computers and communications engineer. Mr Rivel serves as CEO of the company for 31 years and from 2012 as a Member of RR Media's board of directors.
Under management of Mr Rivel RRsat Communications Network Ltd. went public on 2006-11-01 - NASDAQ:RRST
In 2014, the Company rebranded from RRsat Global Communications Network to RR Media. The rebrand was launched at the International Broadcasting Convention (IBC) Show in Amsterdam.[10] In 2015, RR Media announced its NASDAQ stock ticker symbol change to RRM.[11]
In April 2015, RR Media acquired Eastern Space Systems (ESS) in Romania, a privately held provider of content management and content distribution services and related consulting services.[12]
In June 2015, RR Media acquired Satlink Communications as part of strategy to increase scale and expand its globalcontent distribution network and content management footprint, strengthening its customer mix and leverage media industry expertise.[13]