Paywizard and Ostmodern joint solution Venue awarded ‘Best of Show’ at IBC 2017
- Pay-per-view solution Venue honoured as one of the most outstanding products and services exhibited at IBC 2017
- Judging panel acknowledge Venue’s revolutionary approach to PPV customers, built on nearly 20 years of delivering both PPV and subscription TV
- Winning Paywizard and Ostmodern solution is founded on joint philosophy of managing PPV customers as long-term customers rather than one-off buyers
London, 19 September 2017 – Paywizard, the subscription, billing and customer relationship management (CRM) specialist, and Ostmodern, the broadcast content and video on demand (VOD) expert, today announced that their revolutionary new end-to-end Pay-Per-View (PPV) solution, Venue, was honoured with a ‘Best of Show Award’ by NewBay Media’s TV Technology Global Magazine at IBC 2017.
The award-winning solution reflects the shared Paywizard and Ostmodern philosophy of managing PPV TV viewers by treating them as long-term customers rather than one-off buyers. Central to Venue is the relationship between the operator and the customer – enhanced by data-driven optimisation of the content journey throughout the PPV customer Decision Moments.
Built on nearly 20 years of experience delivering both PPV and subscription TV, Venue allows operators to not only monetise each PPV event but build lasting relationships with customers – along with predictable and growing revenue streams.
Bhavesh Vaghela, Chief Executive of Paywizard, comments: “The interest in Venue we have seen at IBC has been incredible, and validates the view that we have had for some time: that operators of all types are looking for new and innovative ways to monetise their sporting rights and other PPV opportunities. We are absolutely delighted to win this award alongside our partners Ostmodern, as we feel that this is a solution that is truly revolutionary for operators who are looking to create new revenue streams through PPV events – while fostering stronger on-going relationships with their repeat PPV customers.”
Through the combination of deep experience, a proven technology infrastructure and supporting services, rights holders, sports clubs, federations and broadcasters can turn monetisation from single events into an evolved PPV service. Venue ensures operators can drive loyalty and growth through data-driven actions, including targeted marketing campaigns, offers for premium extras such as Virtual Reality content and merchandise, or even related deals on video on demand subscriptions for regular customers.
Venue is based on the multi-award-winning Decision Moments dashboard capability and data-driven features of Paywizard Agile, combined with Ostmodern’s Skylark OTT platform and expertise in digital product design. Venue leverages the eight critical Decision Moments in the PPV customer journey: Find, Join, Consume, Upgrade, Downgrade, Bill, Leave and Win Back.
For more information on Venue, please click here.