NEP has announced the acquisition of remote (centralised) broadcast solutions company VISTA Worldlink as it looks to expand its global capabilities in remote production.
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, across North America and Europe.
According to NEP, the acquisition of VISTA will help it to create “the first large-scale, end-to-end Centralised Production Solution in the US and to further expand across the globe”.
Brian Sullivan, NEP’s CEO, said: “We’re excited for VISTA to join NEP—the company and team are an incredible fit for many reasons. Culturally our companies are very much alike—innovative, client-focused and forward-looking—and the addition of VISTA’s experience builds on our existing talent and expertise in Centralised 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.”
“Another 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,” Sullivan added. “Many 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.”
VISTA will become a part of NEP’s 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.
Financial details of the deal have not been disclosed.