News for the Hospitality Executive
Earns ‘Fastest Growing’ Awards from Business Press
Los Angeles-based NxTV, first and largest provider of IP VOD,
honored for outstanding revenue growth
|Los Angeles, CA – November 19, 2007 - NxTV,
Inc, the first and largest provider of Internet Protocol Video
on Demand (IP VOD), IPTV
and interactive digital
IP-based in-room entertainment and technology solutions in the hospitality
industry, today announced it was named the tenth fastest growing company
in Los Angeles County by the LA Business Journal. The company’s exceptional
119 percent year-over-year growth also earned it the ranking of “No. 2
Fastest Growing Company Overall” by the San Fernando Valley Business Journal.
“NxTV has just scratched the surface of its growth,” said Russell P. Reeder, president and COO of NxTV, Inc. “Being good at what you do and first in a rapidly developing space is the right place to be.” Reeder attributes the company’s growth to an expanding digital media market, a demand for video-on-demand service and to its early entry into the market. NxTV was also named to the Inc. 500 2007 list of the country’s fastest growing private companies by posting a three-year sales growth of 736% from 2003 to 2006.
NxTV is the leader in delivering superior guest entertainment experience with crystal-clear HD picture quality. “We also provide the largest library of IP VOD movies and a faster time to market via our highly scalable fourth-generation IP distribution platform,” said Reeder. “NxTV’s focus on picture quality and providing the latest major studio content enables our upscale-segment hotel customers to boost revenue and this sets it apart.”
The NxTV high definition IP VOD system enables hotel owners to take full advantage of new IP technology and provide guests the ultimate on-screen entertainment experience. The company’s extensive suite of ultra-crisp HD IP VOD entertainment and other personalized video services are stored on the hospitality industry’s highest capacity digital entertainment servers. NxTV delivers VOD movies to guest rooms via a hotel’s converged IP network to best serve guest needs while maximizing revenue-building opportunities for clients.
NxTV’s IP-based system enables the property to communicate with a wide variety of in-room technologies, including VoIP, minibars, climate control and POS systems, without the cost and effort of installing and maintaining separate networks for each hotel application.
NxTV is also the first and only VOD vendor to earn Hotel Technology Next Generation (HTNG) certification for its ‘single guest itinerary’ display functionality. This means it complies with HTNG industry standards that enable NxTV to interface with other certified third-party systems to display guest reservation information including hotel check-in and check-out, spa appointments, golf tee times and restaurant reservations on hotel room televisions. (HTNG is a leading, self-funded, non-profit technology solutions association in the hospitality industry.)
About NxTV, Inc.
NxTV, Inc., based in Los Angeles, California, was recently named to the prestigious Inc. magazine list of the 500 fastest-growing private companies in America. The company is the first and largest IP VOD provider in the global hospitality industry, delivering to its customers IP-based, 100% digital in-room entertainment solutions that allow hotel owners to take full advantage of new technology today and in the future, and offer guests the ultimate on-screen entertainment experience. NxTV’s system runs over the hotel’s existing converged IP network, which enables the property to communicate with a wide variety of in-room technologies without the cost and effort of installing and maintaining separate networks for each hotel application. The NxTV system delivers a full suite of digital IP-based, in-room entertainment services including High Definition Video on Demand (HD VOD) and IPTV Free-to-Guest content, wired and wireless high-speed Internet access, and a customized guest interface.
Clients include the world's most prestigious hotel brands, including Four Seasons, Peninsula, Raffles, W Hotels, St. Regis, MGM Grand, Le Meridien, Marriott and Hyatt. NxTV, Inc. has offices and customers in the Americas, Europe and Asia.
|Also See:||NxTV Appoints Tech Innovator Hooman Honary as CTO to Drive Development of Next-Generation Wired and Wireless IP Digital Entertainment; Advanced technology initiatives to be led by new hires on NxTV executive team / October 2007|
|NxTV Selected by Trump International Hotel & Tower Chicago for Next Generation HD IP Video on Demand Entertainment Services; Guests to receive NxTV ultra-crisp 100% digital HD VOD content delivery / September 2007|
|NxTV Tapped for Inc. 500 List of America's Fastest Growing Private Companies; Los Angeles-based NxTV, first and largest provider of IP VOD, joins the list with three-year sales growth of 736% / August 2007|
|NxTV Earns HTNG Certification for Guest Itinerary Display on Hotel Televisions; Leading IP provider, NxTV is only in-room entertainment vendor to win certification / July 2007|
|NxTV Installs HD IPVOD and IPTV at Six-Star Crown Macau in China; Extensive NxTV install base in Asia earns company respect from leading Chinese operators / June 2007|
|NxTV Showcases The Power of One IP- Based Solution to Provide the Ultimate In-Room Entertainment Experience at HITEC 2007/ June 2007|
|NxTV Expands Digital IP Video Capability; Proves Viability of Direct Internet Delivery; NxTV shows unlimited entertainment scalability with direct Internet entertainment delivery and expanded servers / June 2007|
|MGM Grand Detroit Taps NxTV for Nation’s First Fully Digital IPTV Install / May 2007|
|NxTV Showcases High Definition IP Video on Demand in Las Vegas; Leading provider of digital IP HD VOD to host demonstrations at Five-Star Las Vegas hotel during HD2007 Exposition and Conference / May 2007|
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