Television is the most popular form of entertainment around the world and it's going through a rapid and exciting transformation in how it's being consumed. At one time, all the talk was about High Definition or HD. Today it?s still a core growth engine for Miranda, with only a fraction of the market converted. But, there are other television services that have emerged.

Video on Demand has grown tremendously and now the latest "rage" is 3D. There are also new platforms for watching television such as mobile devices and "Over the Top" services where consumers can download content through the Internet, bypassing satellite and cable providers and broadcasters. These platforms and services are starting to span the world, and we are beginning to see emerging markets make significant investments in digital video infrastructures, creating even more demand for our products.

Along with more services, consumers demand for quality is also increasing. High definition and 3D are still at their very early stages as viewers around the world want to experience movies, sports and live events through the highest quality images and sounds. And, as broadcast operators compete for consumer attention, they are making significant investments to ensure they deliver the best possible viewing experience. With all this demand for more content, more services, more quality, on more platforms, operators are looking to technology like Miranda's to streamline operations and deliver more for less.