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July 27, 2012 12:18 am GMT
Online video platform providers Brightcove released its second quarter earnings report today, posting a net loss of $4.3 million, or $0.16 per diluted share, compared to $6.9 million last in Q2 2011. Revenues for the quarter increased 41 percent to $21.6 million over last year's second quarter, when it had $15.3 million in sales.It also announced that it acquired cloud encoding vendor Zencoder, creator of the popular Video.js HTML5 video player. Zencoder has more than 1,000 paying customers for its encoding services, including PBS, Scripps Networks Interactive, IGN, SmugMug, Yammer, TwitVid, College Humor, Funny or Die, and others. The open source Video.js player is used on more than 24,000 websites.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ONCGSTi7UKc/
Brightcove Acquires Cloud Encoding Vendor Zencoder, As Revenues Increase 41% To $21.6 Million In Q2
Online video platform providers Brightcove released its second quarter earnings report today, posting a net loss of $4.3 million, or $0.16 per diluted share, compared to $6.9 million last in Q2 2011. Revenues for the quarter increased 41 percent to $21.6 million over last year's second quarter, when it had $15.3 million in sales.It also announced that it acquired cloud encoding vendor Zencoder, creator of the popular Video.js HTML5 video player. Zencoder has more than 1,000 paying customers for its encoding services, including PBS, Scripps Networks Interactive, IGN, SmugMug, Yammer, TwitVid, College Humor, Funny or Die, and others. The open source Video.js player is used on more than 24,000 websites.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ONCGSTi7UKc/
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