Mobile Global Esports (NASDAQ:MGAM) Announces Exclusive Compression Technology Partnership for Upcoming Indian Esports Social-Gaming Platform – Yahoo Finance

SAN CLEMENTE, CA and MUMBAI, INDIA / ACCESSWIRE / August 10, 2022 / Mobile Global Esports Inc. (NASDAQ:MGAM) the mobile esports and social platform company that holds trademark and IP rights for collegiate esports tournaments and players in India, today detailed a joint product development partnership featuring EVE encoding, a proprietary compression technology that reduces video file size by as much as 65% compared to other commercially available products.
"Esports is growing at a phenomenal rate in India, so everything we can do to maximize the current mobile infrastructure for our upcoming tournament season matters," said Mobile Global Esports CEO David Pross. "We believe EVE compression removes major obstacles in the market and will position us to deliver a great user experience to esports viewers and to tournaments and gamers, with real potential to scale."
"MOGO is an incredible use case for EVE and all of our video capabilities," said Anthony Rennert, CTO of ZuCasa and creator of EVE. "The fact that this partnership is for the Indian market, where we have great experience, is even better." EVEMETA and ZuCasa are software companies that focus on video delivery and engagement, respectively. Anthony previously led America's most famous shock jock's digital team and has worked with or acted as a consultant to Cogent, Time Warner, China Telecom, Qwest, TATA as well as many others.
"With Bharti Airtel, Vodafone Idea and Reliance Jio acquiring significant swaths of 5G bandwidth in the recent auctions, India's top telcos are banking on esports to drive acceptance of their new 5G offerings," said Sunny Bhandarkar, Mobile Global Esports vice president, India. "While 5G will offer the faster speeds and low latency competitive gamers demand, its short transmission range and limited availability make our EVE compression across the board more valuable for both future 5G and current 4G esports competitors and viewers."
A 2022 FICCI EY Media and Entertainment Report estimates that active e-sports players in India had a 2X increase to 600,000 in 2021 over 2020, and that there are now over 100,000 e-sports teams, with viewership up from 600,000 hours in 2020 to just under 2 million hours in 2021.
The EVE Network Engine Optimizer (NEO) reduces the bandwidth needed to transmit high quality video by more than half, benefiting network operations, content distribution and content ownership. By effectively multiplying the capacity on existing infrastructure and lowering costs throughout the workflow, EVE increases throughput efficiency and quality of video to dramatically improve distribution performance.
EVE is codec agnostic and all decoding is based on international standards, with resultant files or streams playable in any browser or video player that supports standard codecs. There are no B frames, providing faster decoding, minimizing battery use and expediting rendering. EVE is easily integrated into streaming delivery using the EVE Console or using REST based APIs that can be inserted directly into existing workflows. Data sharing and storage is maximized via cloud, locally or hybrid with full redundancy, providing a cost-efficient storage model while reducing the expenses associated with self-hosted storage solutions. EVE also supports OAuth 2.0 authentication enabling data sharing without sharing passwords.
About Mobile Global Esports, Inc.
Mobile Global Esports ("MOGO" or "Mogo," or the "Company") was organized in March of 2021 to carry on and expand an esports business (the "Business") started by Sports Industry of India ("SII"), in 2016. Through a series of contracts, the rights to the Business were assigned to MOGO by SII and its affiliates beginning in October of 2021. MOGO! is now building out and expanding the business created by SII, which is focused on the rapidly growing esports industry, with special emphasis on India and other South Asian markets. For more information about the Company, please visit https://www.mogoesports.com/
About EVEmeta
EVEmeta is an image and video compression technology company specializing in high-quality, low-bandwidth solutions. EVE dramatically reduces costs for storage and transmission while enhancing the consumer experience. EVE enables digital files to move at unparalleled speed across any network, to any device on any operating system, regardless of the infrastructure or connection type. Based on compression developed by Tony Rennert, who has been in the encoding space since dial-up, EVEmeta was created with Martha Chang to bring this technology to a broader market. Used for generations of media content, from Howard Stern to USC, EveMeta has passed billions of files across the globe. www.EVEmeta.com and www.WeAreZuCasa.com
Media Contact: Rich Schineller, 941.780.8100, rich@prmgt.com
SOURCE: Mobile Global Esports

View source version on accesswire.com:
https://www.accesswire.com/711509/Mobile-Global-Esports-NASDAQMGAM-Announces-Exclusive-Compression-Technology-Partnership-for-Upcoming-Indian-Esports-Social-Gaming-Platform

Related Quotes
She was raped in 1994 when she was 12. The son born out of the assault is now helping her get justice.
The entrepreneur Mark Cuban just took a stand in a debate that's hotly controversial in business circles and Congress.
In this article, we talk about 11 best falling stocks to buy now. If you wish to skip our detailed analysis of the latest market situation, go directly to 5 Best Falling Stocks To Buy Now. After a brutal 2022 which saw the S&P500 shed more than 21% in the first half of the year, Q2 […]
Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits.
These are the top trending tickers on Yahoo Finance after-hours on Aug. 12.
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
The super investor sees softness. But is sticking to her guns.
Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of what it used to be.
A digital vulnerability in the computer systems used on some Boeing Co aircraft that could have allowed malicious hackers to modify data and cause pilots to make dangerous miscalculations has been fixed, security researchers said on Friday. Older versions of a digital tool used to calculate landing and take-off speeds on some aircraft could be tampered with by hackers with direct access to an “Electronic Flight Bag,” or EFB, a tablet device used by pilots to plan flights, cybersecurity firm Pen Test Partners said in a report.
Johnson & Johnson stock is hitting its lowest level since March. Here's where it's a steal of a deal.
(Bloomberg) — Principal Global Investors’ Seema Shah is no stock market bull but says the rally that erupted Wednesday may continue until the head of the Federal Reserve steps up and stops it.Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsGarland Seeks to Unseal Trump Warrant, Says He Approved SearchChina Has Painted Itself Into a Semiconductor CornerRuto, Odinga Shy of Victory in Latest Vote Counts: Kenya
Five Chinese state-owned companies said they intend to delist their American depositary shares from the New York Stock Exchange, as financial regulators in Beijing and Washington remain at loggerheads over U.S. audit requirements. In separate filings to Hong Kong’s stock exchange Friday, PetroChina , China Petroleum & Chemical , Aluminum Corp. of China , China Life Insurance Co ,  and Sinopec Shanghai Petrochemical Co said they have notified the NYSE that they plan to voluntarily delist their American depositary shares.
Most of the handful of Wall Street analysts covering Berkshire are neutral on the stock, but they may be giving Warren Buffett insufficient credit.
The board of Devon Energy Corporation ( NYSE:DVN ) has announced that it will be paying its dividend of $1.55 on the…
The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The good news for bulls is that this is a Tom Jones rally, as in his famous song: “It’s not unusual.” Specifically, there is nothing superlative about the market’s, notably the Nasdaq’s, resurgence off its mid-June trough, suggests Bespoke Investment Group.
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in Lucid Group Inc. and Nio Inc., according to a filing late Friday.
After a 3.3% weekly gain, the S&P 500 is down just 10% for the year. Stocks could keep rising if the Fed shows restraint from here.
Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) just released its latest quarterly report and things are not looking…
In this article, we discuss 10 cheap oil stocks to buy today. If you want to skip our detailed analysis of these stocks, go directly to 5 Cheap Oil Stocks to Buy Today. With WTI crude oil prices topping $120 per barrel as recently as mid-June, concerns over rising interest rates and a potential U.S. […]

source

Share:

More Posts

Market Research

Pulse Surveys

Turn feedback into action

Our survey platform makes it easy to measure and understand feedback so you can drive growth and innovation

Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at softofficepro.com. It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

Pulse LS

Pulse LS

Use a managed Limesurvey and our expertise for creating complex forms and token based user management. Use optional mailing system to send survey invitation to each participant and track progress of the response status. Industry standard SPSS / R output supported