Another contract win, another spike in shares of Neulion (TSX:NLN).
After inking recent deals with The Tennis Channel and Rogers, Neulion continued its recent momentum today with the announcement of an agreement with Univision Deportes, a U.S.-based Spanish language channel.
Neulion will enable the broadcaster to offer “second screen” functionality, integrating stats, highlights and real time controls, such as slow motion and instant replay.
Neulion EVP Chris Wagner commented on the deal.
“We are excited to partner with Univision Deportes, the No. 1 Spanish-language sports brand that boasts fantastic content, which when coupled with our NeuLion TV Everywhere Platform will be second to none,” he said. “Nobody else delivers interactive digital experiences to fans like we do, and Univision recognizes that it’s all about the experience. The all-new digital experience could not come at a better time as Univision gets ready for the FIFA World Cup.”
Founded in 2004, Neulion is based in Plainview, New York and has offices in Vancouver and Toronto. The company has partnered with the NHL, NBA, and NFL, as well as more minor organizations such as The Big Ten Network and the Ontario Hockey League. The company earned $2.2-million on revenue of $47.1-million in its fiscal 2013, which was reported in March.
At press time, shares of Neulion were up 8.1% to $1.20.