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To meet the dramatic increase in demand from consumers and content providers for online video services, Verizon intends to provide its broadband customers with a richer menu of choices delivered over a new content-delivery network now in operation.
Verizon can now begin to offer movie studios, entertainment networks, download services and others a faster, more efficient connection with the company's 8.5 million broadband customers, under a strategic alliance with Velocix, the U.K.-based digital asset-delivery network provider.
"Verizon is now positioned to offer content owners and video distributors a competitive choice in delivering their services to our broadband customers," said Marjorie Hsu, Verizon vice president for network technology. "With our new delivery capability, content owners will be drawn to our networks, and our customers will be the beneficiaries of a broad range of compelling content services."
In response to the burgeoning market for video and multimedia services over broadband, Verizon and Velocix have put commercial and technological arrangements in place to create a new-generation content delivery network (CDN) that benefits the operational models and strategic goals of both parties.
Velocix technology will be deployed in the Verizon backbone network to reinforce Verizon's network design, offering content owners and distributors a new,...