SUWANEE, Ga., Oct. 12, 2016 /PRNewswire/ -- ARRIS International plc (NASDAQ: ARRS) and Charter Communications (NASDAQ: CHTR) today announced plans for ARRIS to be a key participant in the development of WorldBox 2.0, Charter's next-generation video platform to be deployed on traditional television sets across Charter's footprint. ARRIS and Charter also recently entered into a warrant agreement, providing Charter with the opportunity to acquire ordinary shares of ARRIS based on specific sales targets of ARRIS equipment to Charter in 2016, 2017 and 2018.
WorldBox is a hybrid IP/QAM video platform that enables traditional and cloud-based user interfaces, content, and new video features to Charter subscribers. Worldbox 2.0 expands on Charter's current downloadable conditional access ("DCAS") capabilities, enhancing legacy hardware-based CAS systems across Charter's new footprint, allowing for faster and even more cost-effective deployment. This is made possible through the built-in security processing capabilities now available in generic chipsets. Worldbox 2.0 also adds more advanced graphics capabilities and processing power, leveraging the ever-growing capabilities of today's chipsets.
ARRIS and Charter's new warrant agreement builds on the two companies' long-standing relationship. The companies recently joined forces to acquire ActiveVideo, the cloud-based technology platform that enables Charter's cloud-based Spectrum Guide on prior generation set-top boxes to Charter subscribers today.
"While Charter is focused on providing a secure video product on all devices, WorldBox 2.0 provides the same advanced video experience consumers are demanding on traditional television sets, and gives Charter the flexibility to deploy a single platform across our entire expanded network," said Jim Blackley, Charter EVP, Engineering and IT. "Our ongoing work with ARRIS – in developing this platform, including the downloadable security component – and the establishment of the warrant program, speaks to the strength of our long-standing relationship and the value of ARRIS's expertise in large-scale, next-generation deployments."
"We share Charter's vision for a new era of entertainment technology that leverages the power of the network and cloud to adapt to its subscribers' evolving needs," said Bruce McClelland, ARRIS CEO. "With WorldBox 2.0, we're bringing to bear our expertise and scale to help Charter deliver next-gen entertainment experiences that will transform the way that its millions of subscribers will watch TV and access their favorite content on traditional television sets."
Charter (NASDAQ: CHTR) is a leading broadband communications company and the second largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Spectrum Reach™ brand. More information about Charter can be found at www.charter.com.
ARRIS International plc. (NASDAQ: ARRS) is a world leader in entertainment and communications technology. Our innovations combine hardware, software, and services across the cloud, network, and home to power TV and Internet for millions of people around the globe. The people of ARRIS collaborate with the world's top service providers, content providers, and retailers to advance the state of our industry and pioneer tomorrow's connected world. For more information, visit www.arris.com.
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ARRIS and the ARRIS Logo are trademarks or registered trademarks of ARRIS Enterprises, LLC. All other trademarks are the property of their respective owners © 2016 ARRIS Enterprises LLC. All rights reserved.
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