Outdoor Channel Looks To Increase Interest In Aerial Cameras
As it continues to seek a buyer for its aerial camera businesses, Outdoor Channel Holdings tried to drum up some interest with a pair of announcements Thursday.
The company said it had completed a project updating testing and training capabilities for the SkyCam and CableCam operations, while had won a court ruling over a competitor.
The aerial cameras are controlled by computer and float over the action during sports events. ESPN, NBC and Fox have used them. The facility updates in Texas were used in advance of the current football season.
In June, Outdoor Channel said it had engaged Noble Financial Capital to explore strategic alternatives for the non-core businesses, which it acquired from Winnercomm in 2009.
Outdoor Channel said its victory in a California federal court came in a case alleging misappropriation of trade secrets by Actioncam, whose CEO had worked at SkyCam.
The judge ordered Actioncam to pay SkyCam a royalty for each event it was part of between Sept. 3, 2011 and Feb. 28, 2013.
Over the first six months of this year, Outdoor Channel’s revenues for its aerial camera businesses generated about $2.2 million in revenue, down slightly from last year.
Outdoor Channel made the announcement about finishing the “large investment” in its facilities after saying in a recent SEC filing that the aerial camera businesses had “meaningful growth opportunities,” but it was non-core. The company believes it will “likely require significant capital investments to accelerate its growth,” so it had moved toward a potential sale.