ATLANTA, November 30, 2011 /PRNewswire/ --
International Network Taps Argo's Medea Software to Manage Distribution, Revenue and Contracts
A+E Networks™ UK, a joint venture between A+E Networks™ and BSkyB, has selected Medea, the world's leading revenue management system, to manage carriage fee revenue and sales distribution in the UK, Europe, Africa & the Middle East. Argo Systems' Medea is a fully scalable accounting and revenue management solution that allows network groups in the U.S., Europe, Canada, Latin America and Asia-Pacific to navigate the intricacies of varying contract terms, to manage receivables in multiple currencies and to establish a worldwide view of their distribution.
Argo Systems is a software and professional services company with unparalleled expertise in providing management solutions exclusively designed for the pay TV industry. Argo Systems' software solutions process billions of dollars annually in programming revenues via Medea for over 270 cable channels worldwide and programming expenses via Nestor for our multichannel operator clients. Argo Systems is based in Atlanta, GA. http://www.argosys.com.
Matthew Chaplin, Financial Analyst at A+E Networks UK, said: "Argo's, Medea software was a standout applicant for us at A+E Networks UK. Our rapid expansion into Europe since 2007 has led to us requiring a more robust financial and contractual system to ensure we maintain our high level of service to all clients. The Medea software will also allow us to integrate existing software into one, improving communication across our business helping to drive future growth."
A+E Network UK is a leading broadcaster representing a portfolio of high-quality, ground-breaking factual channels including HISTORY™, HISTORY™HD, Crime & Investigation Network® and Crime & Investigation Network® HD, BIO®, BIO® HD and MILITARY HISTORY®. A+E Networks UK launched in November 1995, and operates channels in 27 countries across the UK, Scandinavia, the Benelux, Central & Eastern Europe, Sub-Saharan Africa and the Middle East and is available in more than 63 million homes and in 15 languages.
SOURCE Argo Systems