VANCOUVER, Oct. 15, 2015 /CNW/ - Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY), the makers of Play MPE®, a system for the secure distribution of pre-release music to radio and the developer of Clipstream®, a cross-platform instant play video streaming format, today announced that it has successfully completed roll out of its fall release.
This version consists of updates to the Clipstream® engine, new features and back-end improvements for the cloud product, the introduction of technology for the advertising industry, and a new player API allowing third parties to build Clipstream® into their own offerings. An encoding API to further advance third party integration is in development.
"We are very excited about the new fall release of Clipstream® as it further improves on our summer release, which was a major milestone for the company and introduced cloud-based encoding into the technology," said Darren Martz, Director of Software Development. "As we focus on increasing volume from advertisers and market research, we plan to continue to innovate and scale rapidly based on consumer demand, while maintaining our focus on managing operating costs. As we continue to further refine the technology, we expect to roll out a new Clipstream® release this winter."
Since the summer release, a major focus was on improving Destiny's proprietary server management logic. The system has access to potentially unlimited bandwidth, servers and storage arrays, but to ensure maximum efficiency and reduce costs, resources need to be tied to intelligent machine estimates on near term future demand. This update has resulted in a 300% reduction in encoding operating costs while increasing customer satisfaction through responsiveness.
The latest Clipstream® improvements are available for free trial at http://clipstream.com/register.html. Demos that show play back across a wide variety of devices without a plug-in are available at: http://dsny.com/media.
About Destiny Media Technologies, Inc.
Destiny Media Technologies (DSY.V) (DSNY) provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream® and Play MPE®. Clipstream® (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream®, there is no player to configure or install, videos never go obsolete, and there are up to 90% cost savings from caching. Play MPE® (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com.
SOURCE Destiny Media Technologies, Inc.
For further information: Steve Vestergaard, CEO, Destiny Media Technologies, Inc., 604 609 7736 x222; Investor Relations: Three Part Advisors, Jeff Elliott, 972-423-7070; Dave Mossberg, 817-310-0051