|
Satellite
& Cable
Recreate Solutions win iTV contracts
Recreate Solutions, the new media services company based
in London and Mumbai, has recently won three prestigious
contracts in interactive television programming, worth
over US dollars 2.5 million per annum. Recreate Solutions,
started in October 2000 with funding from leading venture
capital firm Connect Capital, has signed on Canal+ Technologies,
Digital Interactive Television Group (a leading UK based
television company) and Insead (leading French b-school).
Bhaskar
Majumdar, Founder and CEO of Recreate Solutions, said,
These contracts, which we have won against stiff
global competition, would lead Recreate into a positive
cash flow status in this quarter. Last September, we
had set ourselves the goal of cash break-even and of
focussing on interactive television (iTV). Having achieved
both of these objectives, Recreate is looking at the
next phase of growth.
Recreate
Solutions is working with Canal+ Technologies to develop
a karaoke system using the Mediahighway Platform of
Canal+ Technologies. This karaoke system would enable
subscribers of pay music channels to sing-along while
a song is playing.
Recreate
Solutions is also in discussions with Canal+ Technologies
to develop a cricketing application around the platform.
This would be used for the South Asian and West Asian
markets, where Canal+ Technologies Mediahighway is already
deployed. Recreate is also representing the interests
of Canal+ Technologies in the Indian conditional access
software market.
The
interactive television market is just emerging out of
its initial days. The business model is now defined.
Broadcasters and brand owners are looking at developing
interactive properties. Recreate Solutions, with its
understanding of all the leading middleware, is well
positioned to take leadership in interactive television
applications programming worldwide. Majumdar added.
With
Digital Interactive Television, Recreate is working
on a new Bingo Channel through which users will be able
to play Bingo live over the channel. Bingo is a game
similar to tombola and through this gaming application;
people will be able to play simultaneously through their
set-top boxes, using their remote controls. Recreate
is working with Insead, the leading French business
school, to create interactive content and to put all
their online courses on the broadband intranets.
|