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Level 3 Introduces Video Cloud Services
LAS VEGAS, April 7, 2014 /PRNewswire/ --Level 3 Communications, Inc. (NYSE: LVLT) today announced at the 2014 National Association of Broadcasters Show the recent launch of Level 3's Video Cloud Services, a cloud-based solution that moves, stores and delivers broadcast and Internet video on a global scale.
Content companies require the transfer of massive amounts of video content and data in a variety of formats to locations and devices around the world. This process can be complex to manage, resulting in production efficiency losses, missed deadlines, poor user experience and ultimately, unrealized revenue. Level 3s Video Cloud Services combine Level 3's content delivery, video broadcast and cloud storage capabilities to create a more scalable, secure and streamlined approach to global content distribution.
"Level 3 has collaborated with many content-driven companies, and the one recurring theme we keep seeing is that these companies want a one-stop-shop for high-quality video transfer and storage for both traditional and online media," said Mark Taylor, vice president of Media and IP Services at Level 3. "Level 3's Video Cloud Services simplify every aspect of video delivery, giving our customers the performance and global reach they need to not only deliver an unparalleled video experience, but also realize cost efficiencies."
"Ubiquitous networks, hyper-connected devices, and the ever-increasing consumer appetite for time, space and device-shifted, on-demand content have forced media companies to revisit their business models and technology capabilities. For a media company to survive and thrive in today's environment, agility is critical," said Mukul Krishna, global director of Digital Media at Frost & Sullivan. "Companies need to leverage the cloud to cost effectively and efficiently manage video throughout its lifecycle and deliver it measurably and intelligently across multiple screens. Media companies that do that well will be best poised for success. At such a time, the availability of Level 3's Video Cloud Services are extremely timely and the industry can benefit greatly from such services."
Level 3's Video Cloud Services are a full suite of IP-based video services designed to support content delivery throughout its life cycle, from signal acquisition to delivery to viewers. Services include live Vyvx broadcast video acquisition, encoding and transcoding, global delivery via the Level 3 CDN, as well as comprehensive, self-service analytics and reporting. For more information on Level 3's content-based solutions, visit www.level3videocloud.com.
To see Level 3's Video Cloud Services in action, visit the Level 3 NAB Recreational Vehicle parked on the patio of Las Vegas Convention Center's South Hall.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 500 markets in over 60 countries over a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. For more information, please visit www.level3.com or get to know us on Twitter, Facebook and LinkedIn.
Level 3 Communications, LLC. All Rights Reserved. Level 3, Vyvx, Level 3 Communications, Level (3) andthe Level 3 Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries.Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.
Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://investors.level3.com/. Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3's SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3's Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3's web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Some statements made in this press release are forward-looking in nature and are based on management's current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. Important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the company's ability to: manage risks associated with continued uncertainty in the global economy; increase revenue from its services to realize its targets for financial and operating performance; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; manage the future expansion or adaptation of its network to remain competitive; defend intellectual property and proprietary rights; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Level 3 Communications, Inc.
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