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Vizrt acquires NewTek to build bigger live video production firm

April 02, 2019 / Ben Munson

Media technology company Vizrt has acquired IP-based live video production software firm NewTek and formed one of the largest companies specializing in IT-based video production.The new company brings together the inventors of the Network Device Interface (NDI) protocol with the inventors of template-driven real-time graphics. The companies both are pushing the transition to IP video for live production with NDI and SMPTE 2110. Together, they said they’ll focus on creating software-based technology for end-to-end workflows.“Combining our organizations allow us to pursue our joint vision of software-based video production, leveraging the power and flexibility of computing and IT-based systems.” said Michael Hallén, CEO of Vizrt, in a statement. “The combined business will be very well positioned to deliver turnkey systems that give creative power to any organization that has ambitions of producing content for any output platform.” “Taking advan...