Nevion, a privately owned company founded in 1996 and headquartered in Norway, is a provider of connectivity infrastructure for broadcasters, telecommunication service providers, government agencies, and other industries. The company specializes in virtualized media production and delivers network and broadcast infrastructure solutions. As of 2022, Nevion had approximately 140 employees and generated around $25 million in revenue. The company is currently owned by Sony Group.
Nevion, a subsidiary of Sony Group, and Unitecnic, part of Grup Mediapro, announced on September 12, 2024, a new initiative to establish a permanent IP technology lab focused on broadcast applications, strengthening their collaboration. The lab aims to drive innovation and development in IP-based broadcast technologies.
In a separate development, Sony, in collaboration with Megahertz and Nevion, delivered BBC Northern Ireland's first IP-based outside broadcast truck in spring 2024. The project, which began after a public tender in 2022, saw the creation of a truck built around Sony's Networked Live ecosystem of solutions for live production with hybrid on-premises and cloud capabilities.
Additionally, Nevion announced enhancements to its media orchestration platform, VideoIPath, which now offers automated and simplified cloud orchestration capabilities. VideoIPath can now route flows between processing resources in the cloud, including launching and shutting down resources on the fly, providing greater flexibility and efficiency in cloud-based media workflows.
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Nevion (a Sony Group Company) offers 9 products in the media tech industry. Nevion (a Sony Group Company)'s product portfolio comprises of live production, connectivity infrastructure and video processing and playout.
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Nevion (a Sony Group Company)'s revenues were less than $50M in 2022. Caretta Research has split Nevion (a Sony Group Company)'s revenue into 4 different product categories, the largest of which is video network management, control and orchestration. For full access to Nevion (a Sony Group Company)'s revenue breakdown subscribe to Caretta Portal.
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Nevion (a Sony Group Company)'s customers primarily consist of broadcast professional services and pay TV services companies. Examples of Nevion (a Sony Group Company)'s customers include Warner Bros. Discovery (WBD), Riot Games and Telenor. Nevion (a Sony Group Company) has partners like TAG Video Systems. Examples of Nevion (a Sony Group Company)'s suppliers include Amagi and intoPIX.
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