{"id":448793,"date":"2021-03-02T15:46:18","date_gmt":"2021-03-02T20:46:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=448793"},"modified":"2021-03-02T15:46:18","modified_gmt":"2021-03-02T20:46:18","slug":"nep-group-acquires-vista-worldlink-expanding-centralized-production-capabilities-in-the-us-and-worldwide","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nep-group-acquires-vista-worldlink-expanding-centralized-production-capabilities-in-the-us-and-worldwide\/","title":{"rendered":"NEP Group Acquires VISTA Worldlink, Expanding Centralized Production Capabilities in the US and Worldwide"},"content":{"rendered":"

\nNEP plans to create the first large-scale, end-to-end Centralized Production solution in the US and expand its facilities and capabilities around the globe.
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PITTSBURGH, March 02, 2021 (GLOBE NEWSWIRE) — \u00a0<\/i>NEP Group<\/b><\/a>, the leading worldwide outsourced technical production partner for premier content producers of live sports and entertainment, announced that it has acquired VISTA Worldlink<\/b><\/a>(\u201cVISTA\u201d), a pioneer in providing centralized broadcast solutions since 2017. The acquisition supports NEP\u2019s strategic goal of becoming the worldwide leader in Centralized (Remote) Production.<\/p>\n

Founded by industry veteran Roy Liemer in 1988, VISTA provides end-to-end workflows, transmission and connectivity, and packaged traditional broadcast production solutions to customers in sports, entertainment, news, corporate and a range of other industries, covering thousands of events in North America each year as well as Europe.<\/p>\n

The broadcast industry is evolving, and NEP is evolving, too, to help content producers adapt to new production challenges and trends that have accelerated during COVID and are expected to grow in the future. As the market shifts, customers are looking for a known leader capable of delivering new types of workflows and more remote workflow solutions.<\/p>\n

NEP is investing heavily in its people and technology to become the global leader in innovative, end-to-end solutions. Today, NEP offers market-leading Centralized Production \u201chubs\u201d in Australia, The Netherlands and Norway, with additional capabilities in Switzerland and the UK. Last year, the company launched a \u201cmini hub\u201d in Washington DC as a first step to serve the US market. NEP\u2019s existing expertise, combined with VISTA\u2019s experience in end-to-end remote workflows and connectivity, positions NEP to create the first large-scale, end-to-end Centralized Production Solution in the US and to further expand across the globe.<\/p>\n

\n Brian Sullivan<\/b>, NEP\u2019s CEO, said: \u201cWe\u2019re excited for VISTA to join NEP\u2014the company and team are an incredible fit for many reasons. Culturally our companies are very much alike\u2014innovative, client-focused and forward-looking\u2014and the addition of VISTA\u2019s experience builds on our existing talent and expertise in Centralized Production and Integrated Services to build for the future. This forms a strong foundation for us to further expand our services across the US and around the globe.\u201d<\/p>\n

\u201cAnother reason we love working with VISTA is their track record in helping new and up-and-coming sports leagues create great brand recognition and content,\u201d Sullivan<\/b> added. \u201cMany of these leagues were underserved before partnering with VISTA. By embracing digital, remote workflows and distribution, VISTA has offered these customers innovative, cost-effective solutions that can flex and expand as their needs grow. This is absolutely an approach we plan to continue.\u201d<\/p>\n

\u201cIn 2017, we strategically pivoted with the goal of becoming the worldwide leader in centralized broadcast solutions, and by joining the NEP family that vision will become a reality,\u201d said Joshua Liemer<\/b>, President of VISTA. \u201cOur customers now have access to an even deeper pool of engineering talent and a much broader portfolio of products and solutions with all of the white glove service they\u2019ve enjoyed through VISTA. I see this as a great opportunity to take our business to the next level and take the industry forward.\u201d<\/p>\n

After a brief transition period, VISTA will become a part of NEP\u2019s US Broadcast Services business run by co-Presidents Glen Levine and Howie Rosenthal. Joshua Liemer will continue as President of VISTA and Roy Liemer will continue in an advisory role. VISTA will operate out of their existing South Florida facility.<\/p>\n

\u201cI\u2019ve been in this business for 40 years and I\u2019ve seen it go through a lot of changes,\u201d said Roy Liemer<\/b>, Founder of VISTA. \u201cI\u2019m proud of our employees and all they\u2019ve accomplished at VISTA. I\u2019m happy to know they will have even more opportunities as part of NEP to build a great career in our industry like I have.\u201d<\/p>\n

Jones Day served as legal advisor to NEP. Cross Keys Capital, LLC and Krieger & Prager, LLP served as financial advisor and legal advisor to VISTA, respectively.<\/p>\n

Terms of the deal were not disclosed.<\/p>\n

To learn more about NEP\u2019s full range of broadcast services and live event solutions, visit www.nepgroup.com<\/a>.<\/p>\n

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\n About NEP<\/b>\n <\/p>\n

For over 30 years, NEP has been a worldwide outsourced technical production partner helping premier content producers bring live sports and entertainment to life.\u00a0Our services include centralized and remote production, specialty capture, RF and wireless video\/audio, studio production, audio visual solutions, host broadcast support, post production, connectivity and transmission, premium playout and innovative software-based media management solutions. NEP\u2019s 4,000+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 88 countries on all seven continents.<\/p>\n

NEP is headquartered in the United States and has operations in 25 countries. Learn more at nepgroup.com<\/a>.<\/p>\n

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