NEW YORK, NY — (Marketwired) — 08/05/13 — KIT digital, Inc. ("KIT" or the "Company"), a global provider of digital television and media solutions, announced today that its Plan of Reorganization (the "Plan") will be confirmed by the U.S. Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). KIT digital filed for voluntary bankruptcy protection three months ago to cleanse itself of legacy issues, including financial, legal and
NEW YORK, NY — (Marketwired) — 08/01/13 — (the "Company"), a global provider of digital television and media solutions, announced that it has commenced legal action against utd. by content, formerly known as Content Solutions International N.V.In June 2012, Content Solutions International N.V. acquired KIT digital-s content solutions business for $18.8 million, comprised of an initial cash payment of $1.0 million and a $17.8 million multi-year earn-out payment obligation based on
Verimatrix-Sponsored Report Draws Upon Results of Recent Survey on OTT Video and Security Trends to Offer Expert Insight Into Current and Future State of OTT Video
NEW YORK, NY — (Marketwired) — 07/01/13 — ("KIT"), a global provider of digital television and media solutions, recently signed a memorandum of understanding (the "MOU") to settle a series of federal securities lawsuits filed against KIT and certain of KIT-s current and former officers and directors. The lawsuits concerned conduct that was alleged to have occurred between 2008 and 2011. The MOU is an important milestone as KIT continues to build momentum for a successful
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Multi-Network Solutions in the Real Forum to Highlight How Operators Can Offer a Fully Consistent Video Experience Across Devices and Consumption Models
NEW YORK, NY — (Marketwired) — 06/04/13 — (the "Company"), a global provider of digital television and media solutions, filed an update to its Plan of Reorganization (the "Plan") which, among other things, provides additional details on the Reorganized KDI Warrants that KIT digital shareholders will receive under the Plan. As previously announced, the Plan includes a recapitalization of the Company which is fully backstopped by three of the Company-s largest shareholders
