![]() ![]() Further, according to IHS, more than half of all households in the US, Europe, Japan and China will have smart TVs by 2019, which represents approximately 426 million households. ![]() We are pleased to retain a minority stake in order to benefit from the company’s continued growth and success.”Īccording to RnR Market Research, the global OTT market is expected to more than double by 2020, growing at an estimated CAGR of 17.2% to $62 billion. “The Opera TV business has significant potential to drive continued innovation and unlock the full potential of the connected TV. “Moore Frères has impressive TMT and operational expertise that will help Opera TV expand its offering and serve a broader array of customers worldwide,” said Lars Boilesen, chief executive officer of Opera Software ASA. We look forward to partnering with the Opera TV leadership team to accelerate growth by expanding into new, high-growth adjacent segments, and to further strengthen its leadership position in the entertainment ecosystem.” Opera TV’s suite of products allows TV and set-top-box manufacturers to add the technology and capability to stream the Internet to the most important and largest screen in the home. ![]() Moore, chairman and CEO of Moore Frères, said, “Consumers are increasingly demanding Internet content on their TVs and Opera TV is well-positioned as the leading independent provider of software for this fast-growing space. Opera TV’s major customers include consumer electronics companies such as Sony, Samsung, TiVo, Verizon, and Sagemcom, and it serves customers across the globe in Asia, Europe, North America, and South America. Opera TV’s software platform enables these connected devices to deliver a complete consumer experience that embraces OTT content. Opera TV is the leading independent developer of cloud and embedded software that enables the TV and media industry’s transition to over-the-top (OTT) content, whereby video can be streamed directly to consumers’ living rooms via the Internet, to devices such as Smart TVs, Blu-ray disc players, set-top boxes and video game consoles. Opera Software ASA (OPERA:Oslo), and Moore Frères & Company (“Moore Frères”), an investment holding company focused exclusively on the tech, media, and telecom industries, today announced that Moore Frères has acquired a majority, controlling stake in Opera TV. ![]()
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