Financials

SeaChange Reports Increased Revenues and Income, Driven by its Software Segment

VOD and advanced advertising technology provider, SeaChange International, has released financial results for its fiscal first quarter (2011), ended April 30th: Revenues totaled $54.1 million, compared to $48.9 million for the year-ago quarter--an increase of 11%. Revenues from the company's Software segment totaled $40.9 million--up $10.3 million, or 34%, from the year-ago quarter. According to the company, the segment's revenue growth was driven by "higher Axiom and VOD advertising product revenue from a large North...

TiVo "Non-DVR" Software to Be Integrated into Connected TV's from Best Buy's Insignia Brand

--Legal and R&D Expenses Widen TiVo's Q1 Losses
TiVo and electronics retailer, Best Buy , said Tuesday that development is underway to integrate TiVo's software and advanced TV services (though not the TiVo platform's core DVR functionality) into new connected TV sets from Insignia, Best Buy's in-house consumer electronics brand. The companies did not say when the sets will be available and how much they will cost. This represents the first time that TiVo's software has been integrated directly into a TV set--though...

Independent Web Show Distributor, blip.tv, Raises $10.1 Million in Third Funding Round

--Revision3 to Launch New Show Starring Magician, Penn Jillette
blip.tv , a New York-based distributor of independent Web shows, said Wednesday that it has closed its third round of institutional capital, raising $10.1 million in new funding. The funding round was led by Canaan Partners, and saw the participation of existing investor, Bain Capital Ventures. blip.tv's first funding round, which was concluded in 2007, raised $2.5 million, and its second funding round, concluded in 2008, raised $5.2 million.

The company says...

News Round-Up

--ADB's Prototype 3D EPG's Generate Buzz at NCTA Cable Show
--Diva Launches Mobile VOD Platform
--Espial Reports Record Revenues, Swings to an EBITDA Profit
--Zelfy Demo's Remote Control/Two-Screen Interactive TV Application
Here is a round-up of some other interactive TV-related stories we didn't have room for in this issue: At the NCTA Cable Show in Los Angeles last week, Geneva-based interactive TV and set-top box technology company, Advanced Digital Broadcast (ADB), generated some buzz with three prototype 3D TV EPG's that it showcased in a closed-door demo. Among other things, the EPG's were praised publicly by Time Warner Cable CTO, Mike LaJoie, who encouraged attendees of...

News Round-Up (II)

--Canoe Promotes Dana Runnells to VP of Marketing and Communications
--Concurrent Releases Fiscal Q3 Results
--Cox Completes Deployment of Rovi's ShowRunner VOD App in its Motorola-Based Systems
--DISH Network and DirecTV Launch National Satellite Interactive TV Advertising Platform, "ASAP"
--Google Lets Users Search for Specific TV Episodes
The [itvt] editorial team will be on the road this week and next, so we will be covering most stories in round-up/summary form, and we anticipate that there will be some additional interruptions of our regular news publishing schedule beyond that. We apologize in advance for any inconvenience to our readers. Canoe Ventures , the company tasked with implementing the US cable industry's plans for interactive and addressable advertising (note: its backers are Comcast, Time...

News Round-Up (III)

--Hulu Abandons Plans for UK Version of its Service
--iN Demand Appoints CTO
--Kaltura Powers Live Video, VOD of Earth Day Rally
--KIT Digital Closes $55 Million Equity Offering
--Latens Powers Remote DVR Service for Altibox
The [itvt] editorial team will be on the road this week and next, so we will be covering most stories in round-up/summary form, and we anticipate that there will be some additional interruptions of our regular news publishing schedule beyond that. We apologize in advance for any inconvenience to our readers. Hulu has abandoned plans to launch a UK version of its service--at least for the time being--after talks with major UK broadcasters have collapsed,...

News Round-Up (V)

--RadioactiveGiant Launches Series of Interactive TV Apps for Connected Platforms
--Report: Regulators May Use Veto Power over Comcast-NBCU Merger to Protect Web Video Start-Ups
--Rentrak in VOD Measurement Deals with Eurocinema, Tribeca Enterprises
--Report: Samsung Considering Developing Android-Based "Google TV's"
--SeaChange Sells Stake in Casa Systems
The [itvt] editorial team will be on the road this week and next, so we will be covering most stories in round-up/summary form, and we anticipate that there will be some additional interruptions of our regular news publishing schedule beyond that. We apologize in advance for any inconvenience to our readers. A Santa Monica-based company called RadioactiveGiant has announced that it has developed a series of branded TV apps that are slated for distribution this...

News Round-Up (VI)

--Sky to Abandon Red-Button in Favor of Green-Button Interactive TV Advertising
--STB Company, TechnoTrend Goerler, Licenses ANT Galio HbbTV Platform
--TiVo Announces Availability of Wireless N Network Adapter
--Tremor Media Raises $40 Million
--Interactive, Cross-Platform Reality Format, "uMan," Sold into Portuguese-Speaking Markets

The [itvt] editorial team will be on the road this week and next, so we will be covering most stories in round-up/summary form, and we anticipate that there will be some additional interruptions of our regular news publishing schedule beyond that. We apologize in advance for any inconvenience to our readers. Sky says that it will abandon red-button interactive TV advertising, as a result of diminishing demand from advertisers. It plans to focus its...

News Round-Up (VII)

--Clearleap, itaas Develop EBIF App for Continuous, Lean-Back Viewing of Short-Form VOD
--Ustream Launches in Japan
--Verizon Adds YouTube Access, Internet Radio to FiOS TV, Extends Media Manager to All HD Subs
--Virgin Media Launches Online VOD Service, "Virgin Media Online Movies"
--Vidiactive Launches Social TV Platform
The [itvt] editorial team will be on the road this week and next, so we will be covering most stories in round-up/summary form, and we anticipate that there will be some additional interruptions of our regular news publishing schedule beyond that. We apologize in advance for any inconvenience to our readers. Clearleap , an Atlanta-based company which offers a technology platform for bringing Internet-sourced video content to television sets, has announced that it has partnered...

NDS, BlackArrow Form Strategic Business and Technology Alliance for Advanced Advertising

--BlackArrow Raises $20 Million in NDS-Led Series C Funding Round
Advanced advertising technology provider, BlackArrow , announced Monday that it has closed a $20 million Series C financing round that was led by interactive TV and conditional access technology provider, NDS , and that also saw the participation of existing BlackArrow investors Cisco, Comcast Interactive Capital, Intel Capital, the Mayfield Fund and Polaris Venture Partners. The company--which says that it will use the infusion of capital to expand product development and accelerate the deployment of...

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