Financials

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.

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.

Broadband video platform provider, Brightcove, has confirmed a report by Jessica Vascellaro in Monday's Wall Street Journal that it has raised $12 million in new funding. According to the company, the Series D funding round was led by Accel Partners and General Catalyst, and saw the participation of other existing investors, including AOL, Hearst, AllianceBernstein, Maverick, and Brookside Capital. It says it plans to use the new funds to "expand the company's cash balance sheet and increase investments in key growth initiatives, including expansion in Asia and Europe, the roll-out of new product lines like Brightcove Express on a worldwide basis, R&D innovation, and possible M&A activity."

Broadband video platform provider, Episodic (note: among other projects, the company has worked with BitGravity to produce an online interactive TV service, called "Strikeforce: All Access," for Showtime Networks--see the articles published on itvt.com, April 9th, August 12th and December 22nd, 2009), announced on its corporate blog last week that it has been acquired by Google, the company which last year was rumored to be eying rival Brightcove. Episodic claims to offer a comprehensive platform for distributing live and on-demand video to the Web and to any Web-enabled device. Among other things, the platform lets publishers and marketers host, stream, measure and monetize video content, Episodic says.

Since February 3rd, [itvt] Daily News has been on hiatus, while the [itvt] editorial team produced the TV of Tomorrow Show 2010--and then took a few days off to recover. This is the second of eight round-up articles, in which we are covering some of the more significant developments in the multiplatform/interactive TV space that took place during our hiatus:

Since February 3rd, [itvt] Daily News has been on hiatus, while the [itvt] editorial team produced the TV of Tomorrow Show 2010--and then took a few days off to recover. This is the fourth of eight round-up articles, in which we are covering some of the more significant developments in the multiplatform/interactive TV space that took place during our hiatus:

Since February 3rd, [itvt] Daily News has been on hiatus, while the [itvt] editorial team produced the TV of Tomorrow Show 2010--and then took a few days off to recover. This is the fifth of eight round-up articles, in which we are covering some of the more significant developments in the multiplatform/interactive TV space that took place during our hiatus:

Since February 3rd, [itvt] Daily News has been on hiatus, while the [itvt] editorial team produced the TV of Tomorrow Show 2010--and then took a few days off to recover. This is the sixth of eight round-up articles, in which we are covering some of the more significant developments in the multiplatform/interactive TV space that took place during our hiatus:

Since February 3rd, [itvt] Daily News has been on hiatus, while the [itvt] editorial team produced the TV of Tomorrow Show 2010--and then took a few days off to recover. This is the seventh of eight round-up articles, in which we are covering some of the more significant developments in the multiplatform/interactive TV space that took place during our hiatus:

Live Internet broadcasting service provider, Ustream, announced late Monday that it has secured $75 million in a Series B funding round that was led by Softbank of Japan, and that additional funding commitments are pending from other investors in the US and Asia. The company says that the funding will help it continue its growth in the US, and allow it to expand its presence in the Asia Pacific region where it is hoping to pursue opportunities in Japan, China, Korea and India.

In an interview with Bloomberg News that was published Wednesday, Anthony Wood, CEO of over-the-top company, Roku, revealed that the company hopes to raise $30 million in private funding this quarter from Menlo Ventures and other sources, and that it may go public next year--though he added that it is not currently working with an investment bank and has yet to set a date for an IPO.

VOD and advanced advertising technology provider, Concurrent, on Tuesday released financial results for its fiscal second quarter (2010), ended December 31st:

IBM announced Tuesday that it has secured a 10-year, $83 million strategic outsourcing deal with Indian cable operator, Digicable. According to IBM, the deal will see it supporting the integration of Digicable's digital media content delivery and value-added services applications with its core business technologies and processes, thus enabling the operator to provide "superior and personalized service" to its subscribers.

Video content security and optimization specialist, Widevine, said Monday that it has secured $15 million in new funding from Liberty Global, Samsung Ventures (the venture capital arm of Samsung Group) and an unnamed "third corporation" described in a Widevine press release as "the world's...second largest satellite provider." The company, which has raised close to $52 million to date, says that its technologies are playing a "central role" in the delivery of video over-the-top to Internet-connected retail consumer electronics devices and in the "TV Everywhere" strategies of cable, satellite and telephone companies (note: the "TV Everywhere" distribution model seeks, via authentication technology, to ma

Here is a round-up of some other interactive TV-related stories we didn't have room for in this issue: