Hulu’s founding boss Jason Kilar has been appointed the new chief executive of WarnerMedia, effective from 1 May.
IBC365’s update on company appointments, resignations and restructures across the content and broadcast industry.
In a response to the government’s plans to decriminalise the payment of the BBC licence fee, the broadcaster has suggested it could be replaced by a monthly broadband connection levy.
With Covid-19 impacting all areas of the media and broadcast sector, Andy Stout looks at how supply chains may suffer due to the growing pandemic.
Video: In this week’s Tech Expert, Rowan de Pomerai explains the technology behind interoperable master format (IMF) and its benefits in versioning and distribution.
Public service broadcasters are increasingly targeted by malicious cybercrime as they employ cloud-based workflows to manage valuable content assets. Alana Foster speaks to industry experts on the importance of prioritising cyber security.
Italian broadcaster Mediaset has upped its stake in German company ProSiebenSat.1 to around 20%.
Ethical hacking evangelist and public service broadcaster advocate Inti De Ceukelaire speaks to IBC365 on the importance of privacy, credible broadcasting and probing infrastructures for vulnerabilities.
Will Grass Valley’s fourth owner in the last two decades skyrocket the company mission to champion software technology and cloud services? IBC365’s Alana Foster speaks with industry analysts to probe the acquisition.
Fox has agreed a $440 million deal to acquire AVOD service Tubi, partly funded by the sale of its stake in Roku.
Italian media group Mediaset is considering options for its 15% stake in ProSiebenSat.1 Media, including consolidation, as CFO Marco Giordani calls for European TV industry action.
ViacomCBS has introduced a new management structure across its businesses in Australia and New Zealand, after boss Paul Anderson’s resignation from Network Ten.
Three new codecs will enter an already complex market this year as patent wrangling looks set to beset the promoters of video streaming codec AV1.
Reliable Internet Stream Transport (RIST), which champions interoperability for the broadcast market, has announced the appointment of new directors to drive this vision for 2020.
Video: In this week’s Tech Expert, Dr Maria Grazia Vigliotti explains the advent of blockchain and how it can be harnessed in media and entertainment.
IBC is calling for industry success stories and triumphs of innovation to be submitted as entries for the IBC Innovation, Young Pioneer and Social Impact Awards, which will be announced in September at IBC2020.
The free advertising-supported streaming service Xumo - founded by Myspace owner Meredith Corporation in a joint venture with Panasonic - has been bought by Comcast.
HbbTV Association has announced the release of HbbTV-TA, the first open specification for targeted advertising for live broadcast TV.
Discover how editing and publishing video in the cloud can be very fast, efficient and scalable. This cutting edge platform provides rapid access to video content for the easy creation of clips and highlights to multiple devices and platforms.
Multichannel media management company Visual Data Media Services has struck a deal to acquire Hollywood-based Digital Post Services.
Ensuring that broadcast graphics remain effective and consistent is no small feat in the era of OTT services and Augmented Reality, writes David Davies.
The DPP has unveiled the first average score for participants in its Committed to Sustainability programme, which was launched last November to promote environmentally sustainable practices.
Michaela Tod is stepping down from her role as co-chief executive of ProSiebenSat.1′s entertainment division after one year with the German broadcaster.
The Ofcom Board has appointed Dame Melanie Dawes as chief executive, taking over from Sharon White, who has left the UK regulator.
Rise, the advocate group for gender diversity within the broadcast manufacturing and services sector, has launched its third annual mentoring scheme.
Mediaset España’s shareholders have approved amendments to the articles of association of the planned holding company that will house Mediaset’s merged Italian and Spanish arms.
Video: In the third of a series of explainer videos, IABM’s Lorenzo Zanni details the technology behind, and applications of, artificial intelligence (AI).
Private equity firm Black Dragon led by a former Avid boss has acquired Grass Valley from Belden in a deal set to harness the company’s “responsible innovation” and foray into cloud and SaaS solutions.
The entirety of Grass Valley will be acquired by a private equity firm led by former Avid CEO Louis Hernandez, with aims to accelerate the business into a cloud-based technology leader.
Dan Castles has returned to lead Telestream through its next phase of growth after being appointed as its new CEO.
As regulators move to raise expectations of access services in the era of streaming, broadcasters look set to benefit from continuing advances in automation, writes David Davies.
IABM, the international association for Broadcast and Media technology, has appointed Lisa Collins to the new position of head of member engagement.
Sohonet has acquired US-based IT and communication services provider Sycamore Communication (Exchange).
The DPP has identified important trends impacting the media and entertainment industry, with simplicity the key to success, according to a new report.
The National Academy of Television Arts & Sciences (NATAS) has announced the recipients of the 71st Annual Technology & Engineering Emmy Awards.
New research shows that people working in the industry experience much higher levels of mental ill-health than the wider population. Why is this – and what can be done about it? Tim Dams reports.
Huawei Technologies has joined HEVC Advance, the licensing administrator which leads the development, administration, and management of the HEVC/H.265 patent pool.
A joint-venture between Sinclair Broadcast Group and Korean SK Telecom aims to provide next-generation transmission services for the television industry.
More than 600 broadcast and media technology supplier-based companies have been confirmed as members of the IABM in its drive to represent the global industry.
IBC has opened submissions for Technical Papers for the IBC2020 Conference.
Riedel Communications has acquired Canada-based IP video processing firm Embrionix.
As the year draws to a close, IBC365 takes a look at some of the most popular news and industry trend articles in our Manage category.
How do you capture a snapshot of the year in technology? It’s impossible to cover everything, especially in a market as diverse and exciting as media and entertainment, but here we cast an eye over some of 2019’s top tech moments.
IBC calls for submissions for Accelerator Media Innovation programme Accelerators fast-track collaboration and innovation in media tech Innovation will be key theme across 2020 conference, with Technical Paper entries to open in 2020
Public service broadcasters are at the forefront of gender equality in the workplace and are leading the industry with strong role models for women in media, according to a new report by the European Broadcasting Union.
The DPP has released two new documents to extend the functionality of the Interoperable Master Format (IMF) with the development of an Auxiliary Image Sequence plug-in.
European satellite and cable broadcaster ProSiebenSat.1 Media has announced a significant rollout of cloud services across its businesses.
DVB-I standard has been greenlit by an industry-led group, aiming to ensure linear television delivered over the internet is as user-friendly and robust as traditional broadcasting.
Join IBC365 and Microsoft on demand to learn how an intelligent cloud can empower and enable media and entertainment organisations to achieve more.
The DPP has released a new report challenging the media and entertainment industry to collaborate more on localisation.
Belden has announced its plans to sell live media business Grass Valley in a bid to save $40 million annually after strategically reviewing its business portfolio.
SMPTE 2019: New preservation techniques for movies open a range of possibilities for future editing of archived content, but this also opens up a number of ethical considerations, according to speakers at SMPTE 2019.
SMPTE 2019: SMPTE has unveiled a number of new partnerships at SMPTE2019 as the society continues its three-year transformation plan.
Learn about the 3 different types of TV viewing persona, how specialist new entrants are making their mark, and what the key recommendations are for traditional broadcasters and OTT providers.
The IABM has opened entries for its annual awards which recognise and reward exceptional talent and dedication.
In this paper, GLOBO introduces a novel algorithm responsible for the automatic thumbnail selection of drama series content published on OTT platform Globoplay.
In this paper, Nokia Technologies explores OMAF and NBMP standards for an immersive virtual reality experience.
In this paper, Finconns Group, SWISS TXT and more explore
Despite a noticeable fall in industry revenue, buying confidence remains high according to the IABM’s latest report.
The IABM has announced Skyline Communications has become the latest company to upgrade to Platinum membership level.
Are we ever going to plunge into being simply an IT industry? George Jarrett looks at the radical changes in skill sets needed as the industry transitions away from the linear broadcast model.
While it was obvious that it’s evolution, rather than revolution, which took a front seat throughout Halls 10 and 11, it was just as clear that new technologies are leading the industry forward.
Broadcaster, writer and campaigner June Sarpong has been named as the BBC’s new director of creative diversity.
As media companies face unprecedented challenges, IABM’s Lorenzo Zanni looks at the key themes from IBC2019: Transformation, collaboration, and aggregation
Tencent has joined the Alliance for Open Media, the organisation responsible for AV1, the royalty-free, open-source codec for delivering video over the web.
Security, cost-efficiency and the sheer volume of content are becoming increasingly critical as customers adopt more varied storage patterns, writes David Davies.
Threatened by a public referendum and squeezed for talent, Léonard Bouchet of RTS delivered revelatory tools while establishing a better work culture, all by embracing data-driven principles.
IBC2019: The nine categories of the IABM BaM Awards, mirroring the elements of the BaM Content Chain that runs from creator to consumer, produced a mix of big and small vendor names.
IBC2019: The EBU has called for more collaboration across European broadcasters.
IBC2019: Gender diversity advocacy group Rise held its inaugural awards ceremony at IBC today.
IBC2019: In this complex and rapidly evolving industry, close relationships between media firms and their suppliers are essential, and IBC2019 is the place to forge those ties, writes Peter White.
IBC2019: As the technologies, workflows and business models of our industry evolve so too must SMPTE, writes Barbara Lange.
IBC2019: Kicking off IBC2019’s Tech Talks in the Forum’s Lounge area was a presentation from Mike Haroun who talked of the challenges involved in restoring over 180 locally produced classic films dating from the 1940s to 1990s.
IBC2019: The IABM, which began re-inventing itself seven years ago, has now totally shredded its ‘trad tech’ origins with a Global Engaged Partner program aimed at attracting influential end users.
As IBC2019 opens IBC CEO Michael Crimp looks at some of the key themes that will impact this year’s shows.
IBC is run by the industry, for the industry – meet the partner bodies who help make IBC a reality.
Embracing cloud workflows is something all broadcasters need to do, says Google Cloud managing director Anil Jain.
Ahead of IBC2019, six industry experts join an IBC365 webinar to share the must-see features and events for the show next week, and offer the top hacks to make the most of your time in Amsterdam.
Banking on an open architecture and leveraging new technologies, Broadcast Management Platforms should enable innovative solutions to be implemented with the speed and flexibility this age requires.
AI is being touted as a transformative technology for the media space, but audio was an early adopter, writes Kevin Hilton.
Sky UK has unveiled an upgrade to its ultra-high definition (UHD) content workflows in an aim to boost efficiency.
Cloud migration is an essential move in order to see return on investment, says SDVI Corporation president and CEO Lawrence R. Kaplan.
Tailoring solutions to specific client needs helps today’s broadcasters thrive and develop, says Fincons Group deputy CEO Francesco Moretti.
The industry continues to split discussions about technology and business practice, but this discourse needs to change, says DPP managing director Mark Harrison.
Broadcaster Mediaset has filed a complaint to Italian watchdog, accusing shareholder Vivendi of leaking information undermining its corporate restructuring plans.
Streaming technologies need quality and scalability says Norigin Media CEO Ajey Anand.
IABM has unveiled the key themes of its 2019 Annual International Business Conference and Awards will be Change, Innovate and Adapt.
The World Broadcasting Union’s (WBU) Technical Committee has rubber-stamped the completion of all standard’s associated with the European Broadcasting Union’s (EBU) Technology Pyramid for Media Nodes.
Initial pilots have produced promising results, but big players remain on the fringes of implementation.
German broadcaster ProSiebenSat.1 has welcomed Mediaset as a shareholder in a strategic move to champion the development of pan-European alliances.
Discovery’s EMEA chief Kasia Kieli has revealed that the network is planning to beef up its Eurosport Player ahead of the 2020 Olympic games.
What are the challenges, issues and potential benefits for both media companies and vendors as they transform to a software-as-a-service based mode?
The DPP has released four documents to support the industry’s deployment of IMF for broadcast and online.
David Davies examines some of the new-generation codecs that are emerging to meet this demand.
As advocacy group, Rise, enters its second year championing and supporting women in the broadcasting industry, IBC365 speaks with participants from Avid, BT and Deluxe.
Broadcasters are dealing with greater volumes and types of content all the time – meaning ‘shopping lists’ for media asset management systems are becoming increasingly precise
Sky Media has launched its Sky Analytics tool for media agencies and advertisers to self-manage media planning for addressable TV.
Sony is set to bolster its end-to-end IP offering having struck a partnership and investment deal with Nevion.
The Nordic market will see “deep co-operation” between broadcasters and TV distributors amid the rise of the FAANGs explains Discovery Norway CEO Tine Jensen.
The BBC chairman has admitted the public service broadcaster would “do very well under a subscription model,” speaking in the UK House of Lords yesterday on the future of broadcasting.
Vimeo has announced it will support royalty-free video codec AV1 which enables HD and UHD content to be streamed at a lower bitrate.
As consumers navigate the crowded OTT and linear TV market, traditional broadcasters are also looking to diversify and add value beyond their core offering.
The call to deliver content in more formats, the continued rise of immersive and object-based audio, and the prospect of further loudness recommendations are among the issues making fresh demands on the tools used audio post.
ProSiebenSat.1 has had a stake of its business acquired by Italian-based Mediaset as it seeks to diversify its international outlook and invest in the future of European TV.
The TM Forum event demonstrated the role 5G will play in new verticals including key Catalyst projects, Paolo Pescatore writes from Nice
A new report analysing subtitle data found environmental sustainability themes were significantly underrepresented across British TV.
New media competitiveness has urged companies to pursue efficiencies and multi-platform delivery has shifted business priority to Opex over Capex, according to the IABM.
Disney is to assume full operational control of US streaming service Hulu.
The growth in OTT platforms has boosted demand for the localisation and regionalisation of content. And the cloud is proving to be a terrific enabler, writes David Davies.
The shift to 4K and 8K production has required improvements downstream, with those involved in managing and manipulating images in need of greater processing power and increased storage.
Red Bee Media has partnered with V-Nova to overcome bandwidth and encoding issues for its remote production offering.
From the emergence of niche providers of specialist applications to a shift in business models as vendors content with the move from capex to opex, the adoption of the cloud has far-reaching implications.
NAB 2019: Just as AV1 gains significant momentum, its royalty-free agenda comes under threat
NAB 2019: Automated production, cloud, 5G, at-home production and streaming codecs are among the likely hot topics in Las Vegas.
Disney officially owns 21st Century Fox after more than a year of negotiations and a $71.3 billion exchange.
2019 is the year that will see AI’s broadcast industry journey from arcane, cutting-edge buzzword to being productised and commonplace completed.
There is an increasing trend among those who create and distribute content to build their own systems and solutions.
Metadata has evolved dramatically in recent years, from straightforward descriptions to supporting complex usage in today’s asset management systems. Now AI promises a great leap forwards.
The battle for codecs intensified and dominated the most-read content management articles along with cyber security and interviews with 21CF and Aljazeera executives.
At IBC2018, Rohde & Schwarz introduced a new multi-user shared access storage system: R&S SpycerNode. In this article, we take a closer look at SpycerNode to see how its approach differs and where this might add value to broadcasters, content owners and facilities.
BBC, Discovery and ITV amongst first adopters of cloud solutions choosing Amazon ahead of Google and Microsoft.
The huge physical infrastructure and connectivity investments made by the big cloud platforms are creating strategic options for all broadcast and media workloads, but with a plethora of options, how best to choose the right partner?
Join IBC365 and Tata Communications on-demand to explore how organisations are using cloud playout to deploy a unified solution for both playout and distribution on a global basis, and why cloud is fast becoming the preferred option for many linear channel operators and broadcasters.
Cyber security expert Scott Borg tells IBC365 that the media industry is in “dire straits” if cyber policies and defences aren’t given the highest level of priority.
In consciously opting against a hybrid solution for its new broadcast centre, German sports producer Plazamedia has created a modern, future-proof system as SMPTE 2110 approaches.
From the challenge of monetising online video, to the implications of artificial intelligence and the adoption of IMF, DPP managing director Mark Harrison spells out the key focuses for the organisation.
The SMPTE 2018 Annual Technical Conference & Exhibition provides an opportunity to take a deep dive into the latest techniques and technologies shaping the media and entertainment industry, writes Aimée Ricca
Digital movie archives can be short-lived, and without concerted effort we risk losing part of our cultural history.
Alliance for Open Media spokesman Matt Frost on the rollout of AV1 and the creation of another delivery codec.
Influential and visionary executives from across the industry united at the IBC2018 Executive Forums to discuss key trends, opportunities and disruptors to shape future strategy.
Read technical papers from Ateme, BBC R&D and Divideon lifting the lid on serious disquiet in the world of video compression and watch experts recent progress and predict future performance gains.
The serverless cloud model is particularly attractive for TV services, it can reduce operational overheads and lower barriers to entry.
This paper presents background information on the state of video codec licensing and lays out a description of the XVC licensing framework, constructed to significantly improve the current video codec licensing situation.
Capitalising on the efficiency and scalability that the cloud offers, Avid undertook a number of cloud test drives with select media organisations in Europe and the US to develop a deeper understanding of cloud workflows.
This paper analyses the overall compression capabilities of these two emerging technologies with respect to HEVC, including objective and subjective performance evaluation and the associated encoding and decoding complexities.
Now that the specification is finalised, the Alliance for Open Media has set high expectations for AV1. The prospect of a royalty free alternative to HEVC has many industry supporters, particularly those addressing streaming applications for a standard that is optimised for OTT delivery.
IBC2018: The video industry will have to learn to juggle between AV1, H.264, HEVC and VP9 and future codecs like VVC. That’s the lesson from IBC where warring factions in the codec wars came to trade blows without landing a palpable hit.
Marco Tinnirello, the new Chief Executive of Eurovision Media Services, the business arm of the European Broadcasting Union (EBU), speaks about his vision for the organisation and his thoughts on the media industry today.
IBC2018: “Brutally frank conversations” are needed inside broadcasting organisations about the scale of the cyber security threat they all face, lBC’s Cyber Security Forum hears.
Three major threats - ad blockers, ad bots and hackers - are compromising ad-based revenue models, says Inside Secure Chairman and Chief Executive Amedeo D’Angelo.
A broadcaster’s cyber strategy needs to be robust when faced with challenges but Channel 4’s Brian Brackenborough appears to have most of the bases covered.
The world of codecs will be one of the big talking points at IBC this month, as the industry weighs up a raft of new, more efficient video compression techniques like AV1, VVC and XVC.
Watch on demand as IBC365 previews the anticipated themes and highlights of IBC2018.
The media market is once again teeming with innovation. This time though, the innovation is not about better picture quality or improved signal processing, but it really lies within metadata, says Hexaglobe Chief Executive Franck Coppola.
This whitepaper explores the idea that, as new technologies emerge, everything from virtual and mixed reality to artificial intelligence, will need IP.
From board games to board rooms, the rise of Melody Hildebrandt to Global Chief Information Security Officer at 21st Century Fox has come at a time of great change and heightened risk in the media landscape.
With more video being produced than ever before and an increasing array of platforms on which to consume content, the DPP set about examining how today’s production companies work.
Technology is the driving force behind creative content production and new business efficiencies but remaining at the cutting edge while guarding against a security breach remains a top priority for technology heads.
As the world gets ever more connected and still more vulnerabilities open up, how can broadcasters and suppliers work together to prepare for and combat threats?
In this second part of an IBC365 focus on becoming cloud - and micro services - native, we follow on from what vendors Grass Valley and Avid said in part one, and look to the umbrella under which all broadcasters gather to resolve the great technology issues – the European ...
This whitepaper examines what file-based industries such as M&E require from their storage systems when data grows at an explosive rate and must always be available.
Competing cloud computing platforms are seeking to exploit what each sees as its key differentiator for the broadcast space.
Join IBC365 as leading industry minds discuss the latest thinking on decentralised infrastructure technology and real life business and workload requirements for media at the edge.
Disconnected, disillusioned or indifferent to cyber warfare? IBC365 speaks to Tony Gee about ethical hacking and how broadcasters can defend against cyber security attacks.
Experts from 21st Century Fox, Perform Group, the DPP and Ascot Barclay discuss cyber threats to the media industry and how to handle a security breach.
This whitepaper explores how object storage stacks up against LTO tape for media archives and backup and looks at the opportunity costs of not leveraging the real-time data access of object storage to monetise existing data.
Migrating broadcast operations to private cloud environments is increasingly popular, but for reasons of agility, efficiency and even creativity, but the future model may lie more in the direction of micro-services and the public cloud, according to the big broadcasting vendors
The Digital Production Partnership (DPP) has announced the release of a new guide designed to aid news organisations and suppliers of news systems in easily exchanging metadata.
Metadata is crucial as an enabler of automated production and targeted content. Would a standard help?
Work on the standard mastering format for B2B content distribution across the digital landscape has been a long process, but a gathering of the leading cheerleaders for IMF at NAB in Las Vegas may indicate that consensus is closer than ever
NAB 2018: NEP’s Keith Lane on the ways the industry is making remote production a reality and the cost and quality benefits of adoption.
BBC Studios Chief Executive Tim Davie, Discovery Networks International President and Chief Executive Jean-Briac ‘JB’ Perrette and YouTube Chief Product Officer Neal Mohan are to deliver keynotes at the IBC2018 Conference.
The key challenges facing the broadcast industry are not just to do with technology, according to Al Jazeera’s Mohamed Abuagla.
IP connectivity and the cloud means that both the intellectual property and the infrastructure of broadcast and media companies is now at risk of cyber attack.
Some of the leading exponents of AV1 speak with IBC365 about the origins of AV1, the industry’s reaction to the codec, and how it is likely to evolve.
NAB 2018: DPP Managing Director Mark Harrison on how interoperable master format (IMF) is the solution to expensive, complex and time-consuming versioning for content creation.
NAB 2018: The IABM has introduced the BaM Content Chain: from Creator to Consumer industry model offering technology buyers, end users and vendors a 360-degree view of the industry.
NAB 2018: If there was a single phrase that swept the show floor in Las Vegas, it surely has to be artificial intelligence.
NAB 2018: Cyber security, audio technology and content creation solutions were showcased by Cisco, Fortium, Deluxe and Dolby during NAB.
NAB 2018: The Digital Production Partnership has released its new guide on the advantages of adopting the Interoperable Master Format (IMF).
The IABM has announced the shortlist for its new Broadcast and Media Awards (BaMs) which will be presented during NAB 2018.
Not everything that happens in Vegas stays in Vegas: IBC365 is joined by a panel of industry experts to review what went on, what was hot, and what happened at the NAB 2018 conference and show floor.
From AI to M&A, Dick Hobbs picks his way through the marketing buzz to predict what visitors might be talking about at NAB 2018.
Without any doubt, the future of the broadcast industry will be increasingly influenced by the Cloud-based technologies, but today is there still a place for on-premise video servers? And if so, what will these servers look like and how will they operate? Will everything be remote production over IP networks?
SMPTE and DPP explain why they are working together on the creation of an Interoperable Master Format (IMF) specification for broadcast and online and what progress has been made so far.
With viewers consuming content on an increasing array of devices and platforms, and the media industry a high-profile target for hackers, the task of protecting assets can be complicated and costly.
Belden’s decision to buy SAM and combine it with Grass Valley continues a long history of acquisitions for both companies, but what are the challenges in merging the firms and what does the deal mean for the wider industry?
A changing industry, with increased demand for video from a wider array of organisations, has fueled the need for a different breed of broadcast solutions provider, writes Håvard Myklebust.
Pirating and the illicit redistribution of premium content is a growing concern for content owners and platforms. What are the tools for dealing with the threat?
Articles featuring the adoption of cloud, transition to IP, converting assets to HDR and SMPTE ST 2110 approval were among the most-read Content Management articles of 2017.
The maturation of the broadcast industry and advances in technology have allowed media firms to concentrate on the essentials, writes John Maxwell Hobbs.
The Alliance for IP Media Solutions (AIMS) has entered into a formal agreement with the North American Broadcasters Association (NABA) on the technology roadmap for IP.
Media technology buyers look poised to increase their spending over the next 12 months as part of wider efforts to boost efficiency and agility.
The use of the internet to deliver live content and VOD is growing as fast as new platforms arise to view it on, but there are challenges facing broadcasters and content owners wishing to get onboard.
The upcoming MPEG Media Orchestration standard enables the temporal and spatial orchestration of multiple media and metadata streams.
Though High Efficiency Video Coding (HEVC) is still in its take-up phase, it is foreseeable that even better compression will be needed in the future.
The EBU Recommendation R-137 (TLCI-2012) is based upon the behaviour of modern broadcast HDTV cameras with 3-sensor technology.
The rapid technical, social, and financial changes in the media industry are forcing all of us to re-examine our content supply chains.
The broadcast and media industry’s trade bodies were out in force at this year’s IBC, demonstrating technology advances, forging alliances and showcasing their standards work.
The M&E industry is going through fundamental changes as consumers demand immediate access to content. By utilising the right technology, this demand can be met – and monetised.
The cloud promises flexibility but are concerns about price a barrier to adoption?
The broadcast and media technology market global revenue grew in 2016, with products and services reaching $50.97 billion.
When Hollywood finally had its Interoperable Master Format (IMF) standardised by SMPTE back in 2013, there were already murmurings about a possible broadcast version of the format.
Storage for video production used to be simple: you picked the video camera you could afford, and the camera choice often dictated the videotape format you would use, said Stan Moote, CTO, IABM.