Outdoor Channel (OUTD) Begins Review of Strategic Alternatives for Aerial Camera Business
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Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) today announced that it has formally commenced a review of its strategic options for its aerial camera business, including its CableCam and SkyCam units. The Company has engaged Noble Financial Capital Markets to assist it in exploring strategic alternatives for its aerial camera business.
The Company's CableCam and SkyCam units design, manufacture and operate suspended mobile aerial camera systems. These cameras capture broadcast quality aerial views of various sporting and entertainment events. The cameras are suspended above the playing or viewing field and are remotely controlled by specially trained personnel who have the ability to move the cameras in up to three dimensions. The majority of CableCam and SkyCam revenues are generated from services provided to broadcast and cable networks airing NFL and NCAA football games. Other applications where CableCam and SkyCam assets have been utilized include professional basketball and baseball games, as well as the Olympics, the World Cup and most recently in connection with government research.
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The Company's CableCam and SkyCam units design, manufacture and operate suspended mobile aerial camera systems. These cameras capture broadcast quality aerial views of various sporting and entertainment events. The cameras are suspended above the playing or viewing field and are remotely controlled by specially trained personnel who have the ability to move the cameras in up to three dimensions. The majority of CableCam and SkyCam revenues are generated from services provided to broadcast and cable networks airing NFL and NCAA football games. Other applications where CableCam and SkyCam assets have been utilized include professional basketball and baseball games, as well as the Olympics, the World Cup and most recently in connection with government research.
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