V-Nova, a provider of video compression technologies, has announced a new streaming service called Movies, Video, Music, Opportunity (MVMO) launching in Africa in late 2019.
It will partner with the next-generation OTT TV provider Simplestream and combine the V-Nova P+ codec-agnostic enhancement and easy-to-deploy Simplestream platform to deliver a range of content to audiences throughout the continent.
P+ supports the upcoming MPEG-5 Part 2 LCEVC compression standard. This means that MVMO will be one of the first platforms to deploy it. According to V-Nova, MVMO will make it possible to watch videos anywhere there is a phone signal.
MVMO (Movies, Video, Music, Opportunity) is, according to V-Nova, a distribution platform developed in association with the Creative Africa Exchange (CAX), a marketplace targetted at the creative and cultural industry, sponsored by Afreximbank.
MVMO will help consolidate the increasing demand for high-quality streaming content across Africa.
MVMO is currently undergoing trials in several locations in Nigeria with other countries to be announced. MVMO is partnering with global content providers such as Times Multimedia TMM, which will serve as the platform’s exclusive news affiliate.
MVMO aims to allow independent producers to publish and monetize their content. This is said to support the increasing number of African creative industries.