EVS Broadcast Equipment
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| Public: Euronext: EVS | |
| Industry | Broadcast Technology |
| Founded | 1994 |
| Founder | , Laurent Minguet |
| Headquarters | Liège, Belgium |
| Products | |
| Revenue | 131,400,000 € (2014) |
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Number of employees
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486 (February 2013) |
| Website | www |
EVS Broadcast Equipment SA is a Belgian company that manufactures live outside broadcast digital video production systems. Its recorders have become the dominant standard for broadcasters worldwide. Their XT3 production video servers enable the creation, editing, exchange and playout of audio and video feeds.
The company states that over 5,000 operators of all nationalities now use their applications on a daily basis.
EVS has achieved success in compressed video and audio data processing, and is endeavouring to maintain its market position in the migration from analogue to digital in television networks.
The programming of the television networks consists primarily of broadcasting prerecorded images which, until very recently, were stored on tapes. But linear editing (or editing on tape) is being replaced by digital media or non-linear editing. Today, digital technology on hard disk (non-linear, by definition) is the common alternative. There has been clear confirmation of a migration towards this technology for some years, even though it will still take another 5 to 6 years or so for the hard disk penetration rate to increase from 30% to 70%. Television stations began migrating to tapeless interoperable computer platforms beginning in the late 1990s. Video recorders are rarely used nowadays for live productions. EVS type digital media servers are the norm in live broadcasting.
EVS was co-founded in 1994 by and Laurent Minguet. Three years later, the company invested 30% of its capital in private funds, roundabout EUR 4 million.
In 1998, EVS was listed for the first time on the stock exchange with an initial EUR 14.8 quotation per share (at comparable levels) and was valued at EUR 204 million. In that same year, EVS acquired VSE, a hardware subcontractor managed by Michel Counson. In that transaction, VSE received EVS shares for an approximate EUR 4.5 million value.
Since then, EVS has become a major broadcast actor focusing on digital recording technologies for live sport TV production. EVS core products are primarily used in outbroadcasting vans (OB vans) and allow high-quality respectively slow-motion image replay. EVS has revolutionised the professional digital recording by being the first to introduce a hard disk drive in that field, instead of the traditional magnetic tape recording, a business led at that time by Sony and Panasonic.
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Wikipedia