investment

Post Its Acquisition of OpenTV, Kudelski Says It Has Been Ramping Up Its Investment in Middleware

--Wins for OpenTV with HOT and Numericable
In a press release in which it announced its financial results for the first half of 2010, the Kudelski Group , the company which last fall acquired full control of pioneering interactive TV middleware provider, OpenTV (see the article published on itvt.com, November 16th), revealed that it has, since then, been investing heavily in its middleware operations: "Personnel expenses rose by CHF [i.e. Swiss Francs] 20.5 million from the first half 2009, representing an 11.1%...

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 (I)

--ActiveVideo Networks Acquires Interactive TV Games Company, TAG Networks
--ActiveVideo Networks Integrates CloudTV Tech with SMiT's CI+ Modules
--ANT Selected by Kathrein for HbbTV Devices
--AT&T Launches U-verse Online Portal
--Bee.tv Launches Direct-to-Consumer Online Service in Private Beta
The [itvt] editorial team is on the road this week, so we are 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. Cloud-based interactive TV technology company, ActiveVideo Networks , has announced that it has acquired TAG Networks , an interactive TV games company with which it has worked very...

Chad, Matt & Rob Secure TV Development Deal with FremantleMedia's Atomic Wedgie, Seek Investors for Interactive Pilot

Last month, [itvt] published an interview with Chad, Matt & Rob --Chad Villella, Matt Bettinelli-Olpin and Rob Polonsky--a trio of 20-something Los Angeles-based filmmakers who have risen to prominence as a result of a series of interactive comedic shorts they have created, using YouTube's Annotations feature (note: their videos--which are influenced by Bantam Books' classic series of "Choose Your Own Adventure" children's gamebooks--include " The Birthday Party: An Interactive Adventure ," " The Murder: An...

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...

Live Interactive Broadcasting Specialist, Ustream, Nets $75 Mil in Softbank-Led Series B Funding Round

--Will Use New Funding for Expansion in Asia Pacific Region
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...

BBC Launches @North Initiative to Boost Interactive/Multiplatform TV Industry in North of England

--Initiative Has £500,000 Budget to Support Development of Interactive Content for Children
The BBC on Wednesday unveiled a new digital initiative, called @North , that is designed to boost the interactive/multiplatform TV industry in the north of England, the region in which Salford--the city to which a number of BBC departments, including Future Media & Technology and Children's, are scheduled to move in 2011--is located.

According to the corporation, the initiative, which was announced by BBC director north, Peter Salmon, at the Manchester Media...

Sezmi Secures $25 Million in New Funding, Launches Public Pilot in Los Angeles

--Company's Flagship Offering Combines Traditional TV, Movies and Internet Video
Sezmi , a company that has developed a set-top box-based offering which it bills as "combining traditional TV content, movies and Internet video in a single, easy-to-use product and service," said Monday that it has secured $25 million in new funding from new and existing investors. The company--which last year announced that it had raised $33 million in an earlier funding round--also announced Monday that it has made its "all-in-one personalized television service" available via...

Kudelski's Tender Offer Nets It 60% of Class A OpenTV Shares It Does Not Already Own

--Company Now Controls 91% of Voting Rights in OpenTV, Plans to Delist It from NASDAQ
The Kudelski Group announced Friday that it has successfully completed its tender offer to acquire the Class A shares of interactive TV middleware and advanced advertising technology provider, OpenTV , that it does not already own for $1.55. According to the company, when its tender offer expired on November 12th, OpenTV shareholders had tendered approximately 56,382,588 shares (including 8,277,113 shares subject to guaranteed delivery procedures), representing approximately 60% of the Class A shares not already...

News Round-Up

--BigBand Networks Announces SCTE Cable-Tec Exhibit Plans
--Endavo in White-Label Broadband Video Deal with Etisalat
--OpenTV Not in Compliance with NASDAQ's Audit Committee Requirements
--Rogers-Owned OLN Offering Full Episodes on its Web Site
--New Broadband Video Service, Vevo, Receives Significant Investment
--YouTube to Live-Stream U2 Concert, Launches Real-Time Comments Search Feature
--Over 700 VOD Services Now Available in Europe
Here is a round-up of some other interactive TV-related stories we didn't have room for in this issue: Digital video networking specialist, BigBand Networks , has announced its exhibit plans for next week's SCTE Cable-Tec Expo . The company says that it will "highlight advanced media processing technologies that leverage the existing network to monetize and deliver high-quality video services with an evolutionary roadmap to converged video delivery." Emirates Telecommunications Corp . (Etisalat), which recently...

Pages