EVS Broadcast Equipment SA announced it has signed a 10-year contract worth over $50 million with a major US-based broadcast and media production company. This agreement includes the delivery of EVS' live production, replays and highlights solution LiveCeption®, combined with a long-term service level agreement (SLA). It also provides the customer with multiple benefits including access to EVS' latest technology innovations and upgrades for its installed base, a predictable operational spend, with a spread of capital expenditures over time, an easy way to plan for further expansion and a premium SLA.

The agreement comes as big tech companies intensifiy the competition with linear networks to secure live sports content by spending billions of dollars to acquire media rights of the most prestigious pro sports leagues in North America. And the bidding wars are just beginning since tech giants see live sports programming as the best way to increase subscription numbers and grow their streaming platforms.