Tuesday, DISH Network L.L.C., a subsidiary of DISH Network Corp. (DISH) said that it has executed a Conditional Access System agreement with Nagravision SA, a Kudelski Group (KUD.VX) company, which provides content protection solutions.
DISH Network recently completed a migration of its more than 14 million subscribers as of December 10, 2009 to Nagravision's new generation security technology.
According to Englewood, Colorado-based DISH, the new ten year agreement with Nagravision and NagraStar L.L.C. aligns DISH Network's and Nagravision's interests to optimize the resilience of DISH Network's security solutions, including the deployment of next generation security smart cards in addition to a broader scope of signal protection covering traditional and emerging piracy threats.
Charlie Ergen, chairman, chief executive officer and president of DISH Network said, "Nagravision's flexible solutions in supporting new services, features and functionalities as well as their pragmatic approach have helped us grow our pay-TV business in an innovative way."
Andre Kudelski, president and CEO of the Kudelski Group said that DISH Network will benefit from the most innovative security solutions available on the market. According to him the mutual commitment enables customization of the companies solution roadmap to address DISH Network's specific needs over the next few years and support their growth.
Additionally, DISH Network L.L.C. said that it is upgrading its entire platform of SeaChange International (SEAC) Spot advertising insertion systems to meet the growing demand for high-definition ad placements across its North American footprint. SeaChange is the exclusive ad insertion technology provider for DISH Network, having reliably delivered ads for the pay-TV provider since it originally launched its direct broadcast satellite or DBS television service in 1996.
DISH Network's comprehensive upgrade of its multichannel advertising delivery platform will include the introduction of SeaChange Spot 5.0 ad insertion systems to support more than 600 channels of commercial delivery.
DISH is currently trading at $20.09, up $0.18 or 0.90%, on a volume of 974 thousand shares on the Nasdaq.
SEAC is currently trading at $6.54, up $0.09 or 1.47%, on a volume of 64 thousand shares on the Nasdaq.
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