Mediastream expands its operations to Europe

Mediastream opens its first office in Europe and chooses Spain as its EU headquarters. The expansion of Mediastream's operations to Europe fits perfectly in the growth projection plans of the company as well as in its extended ambition to globalize its operations.

Mediastream offers a broad range of video and audio streaming solutions and is the trusted technology provider for some of the biggest media conglomerates in Brazil, Mexico, Colombia and Panama. Its accumulated experience in supporting customers internationally, has converted the company into one the largest solution providers of Latin America, capable of delivering a robust OVP platform, CDN, Advertising, Live Streaming, up to the very development of OTT Apps on any platform or device. An End-to-End solution.

“For us, the European market is key in our expansion plan, this is where the streaming industry has developed the most, and Europe has always been a pioneer in the creation and consumption of audiovisual content. That is why we have been preparing this next step for years now, investing heavily in the depth and breadth of our streaming platform, and in the agreements with our technology partners, to offer the best streaming solution.” says Luis Ahumada, CEO of Mediastream.

The European sales office will be led by Klaas Desot, a seasoned sales and business development executive with streaming technology experience and thorough knowledge of the industry.

According to a study by the European Audiovisual Observatory, the market for paid VOD services (SVOD and TVOD) has exploded in the last 10 years, with revenues rising from EUR 388.8 million in 2010 to EUR 11.6 billion in 2020, -mainly- due to the increase in revenues from SVOD, from EUR 12 million in 2010 to EUR 9.7 billion in 2020.

Since 2017, Mediastream employees are used to work remotely, and in 2020, this method of working has been introduced for all employees. Currently, it has working teams in the United States, Brazil, Colombia, Chile, Uruguay, and Spain. The opening of the office in Madrid corresponds to the start of activities and exclusive representation for the European market.