Latin America. Sony is acquiring Nevion, a provider of virtualized media production solutions, to further enhance its portfolio, providing end-to-end IP and cloud-based production solutions in broadcasting and other applications. Sony, which has been a minority shareholder of Nevion since July 2019, is buying the company's remaining shares and turning it into a subsidiary.
In recent years, there has been a growing demand in broadcasting and other business areas for remote production and remote integration (REMI) solutions, as they allow resources such as equipment, facilities and even personnel to be shared between locations in real time, resulting in greater efficiency and effectiveness.
Covid-19 has accelerated this trend, and the need to combine on-premises facilities and cloud processing, enabling remote work and resource sharing, has become the foundation of business continuity planning for the broadcast and production community. Since June 2019, Sony has had a strategic partnership with Nevion, and both companies have been collaborating to address those markets. This investment will allow Sony to build a much closer relationship with Nevion and will lead to the delivery of more integrated solutions.
"We are always listening to feedback from our customers, striving to deliver innovation that exceeds their expectations. Through this investment, we will take the reach of IP-based remote production to the next level as one of our highly focused business fields," said Mikio Kita, vice president of media solutions, Sony Imaging Products & Solutions Inc.
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