NAGRA / Nagravision

NAGRA operates a B2B infrastructure software model centred on securing and monetising premium video distribution. It sells proprietary security and analytics platforms into operator and broadcaster environments, where its software becomes embedded in content protection, entitlement, streaming and subscriber management workflows. The company creates value by helping customers reduce piracy losses, meet studio security requirements, launch or scale OTT services, and improve subscriber economics through analytics and retention tooling.

NAGRA, also referred to as NAGRAVISION, is the media and entertainment division of Kudelski Group focused on video content security, anti-piracy, subscriber analytics and related platform software for broadcasters, pay-TV operators, OTT platforms, telecom operators and rights holders. Its product set spans conditional access, multi-DRM, forensic watermarking, streaming protection, analytics and selected operator-facing digital services.

The business makes money primarily by selling enterprise software, cloud services, long-term platform licences and managed services to media and telecom operators. Its value proposition is reducing piracy, protecting premium content revenues, supporting secure OTT delivery and helping operators improve retention and pricing decisions through analytics.