Company Overview
Snapshot
Founded in December 1981, RR Media operates with 201–500 employees. The company raised a total of $84.9 million across 3 funding rounds from 4 investors. In February 2016, RR Media was acquired by SES for $242 million, leading to its delisting from NASDAQ.
Business overview
RR Media partners with global media players to deliver digital media services, enhancing media and entertainment experiences for consumers. The company's core offerings include a global content distribution network utilizing satellite, fiber, and internet, alongside content management, playout services, and specialized support for sports, news, and live events. RR Media also provides online video services, distributing content to over 650 channels and reaching 95% of the world's population through multiplatform operators, VOD platforms, online video, and direct-to-home services. The company operates within the Media & Entertainment Technologies sector, focusing on digital content distribution and production.
Strategic signal
In February 2016, SES acquired RR Media for $242 million, a significant transaction that led to RR Media's delisting from NASDAQ. This acquisition highlights a strategic consolidation within the digital media services industry, indicating a move towards integrated service offerings and expanded global reach for the acquiring entity. For investors, this signals the high value placed on comprehensive content distribution and management capabilities in a rapidly evolving media landscape.
Log in to access full profile ›Company Intelligence Q&A
- What was the most significant corporate event for RR Media?
- In February 2016, RR Media was acquired by SES for $242 million, resulting in its delisting from NASDAQ. This event marked a major consolidation in the digital media services sector.
- When did RR Media go public?
- RR Media completed an Initial Public Offering (IPO) in January 2006, listing on NASDAQ under the ticker RRST.
- What was RR Media's last disclosed funding round?
- In April 2014, RR Media secured a funding round with investment from Viola Growth, Viola Group, Viola Partners, and Viola Credit.
- Did RR Media make any acquisitions?
- In June 2015, RR Media acquired Satlink for $19 million, expanding its service capabilities.
- What was the outcome of the merger talks between SES Platform Services and RR Media?
- In July 2016, the merger of SES Platform Services and RR Media led to the creation of MX1, forming a new entity in the digital media services market.