Financials

Broadband Video Platform Provider, Brightcove, Raises $12 Million in Series D Funding Round

--Has Raised $99 Million To Date, Is Expected to Go Public This Year or Next
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...

Google Acquires Broadband Video Platform Provider, Episodic

--Episodic's Platform Includes a Range of Monetization Capabilities
--Hulu Claims to Have Been Profitable for Past Two Quarters
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...

Multiplatform/Interactive TV News Round-Up (II)

--CTAM, CableLabs, Canoe Ventures, Cablevision, ActiveVideo Networks, CBS, Charter Communications, Concurrent, FourthWall Media, Cisco, Clicker Media, Comcast, Cox, C-Span
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: The Cable & Telecommunications Association for Marketing (CTAM) has announced that it is partnering...

Multiplatform/Interactive TV News Round-Up (IV)

--Gotuit, ICE Innovative Technologies, Idioma, Immersive Media, Irdeto, Selevision, HTTV, itaas, ITV Network, Jinni, KickApps, Latens, Liveclicker, MatrixStream, MediaFriends, Minerva Networks, MobiTV, Motorola, Music Choice
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: Gotuit Media , a company that offers metadata technologies which, among other things, allow...

Multiplatform/Interactive TV News Round-Up (V)

--Nagravision, Samsung, NBC Universal, NDS, ODG, OEDN, Ofcom, Ooyala, OpenTV, Oxygen, PBS, Playcast Media, Press Association, Vizimo
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: Kudelski-owned Nagravision has announced that it is partnering with Samsung Electronics America to provide TV...

Multiplatform/Interactive TV News Round-Up (VI)

--RCDb, Red Bee Media, Five, Revision3, Roku, Roundbox, Jacked, Rovi, FourthWall Media, Scripps Networks, SeaChange International, SeeSaw, Sezmi, Sonic Solutions, Strategy & Technology, Synacor, SysMedia
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: At last month's CableLabs Winter Conference, RCDb demo'd the integration of its Web services...

Multiplatform/Interactive TV News Round-Up (VII)

--Telegent, thePlatform, TidalTV, Time Warner Cable, TiVo, Tremor Media, TV Genius, TVGuide.com
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: Telegent is set to launch a USB dongle-based service that will enable social/interactive viewing...

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...

CEO Wood: Content Subscriptions More Important to Roku's Business Plan than Hardware Sales

--Roku Claims to Have Sold 500k+ Units, Plans to Raise $30 Mil this Quarter, May Go Public Next Year
--48% of Netflix Subscribers Now Accessing its Content OTT
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. He also stated that the company...

Concurrent Reports Lower Revenues and Profits, but Beats Wall Street Expectations

--Says It Has Secured Multiplatform Advanced Advertising/Measurement Deal with Charter
VOD and advanced advertising technology provider, Concurrent , on Tuesday released financial results for its fiscal second quarter (2010), ended December 31st: Revenues totaled $15 million, compared to $18.1 million for the year-ago quarter. However, the result beat Wall Street expectations: the First Call consensus had been that the company would report revenues of $12.5 million. Gross margins were 62%, compared to 59% for the year-ago quarter. Operating expenses totaled $9.1 million, compared to $9.7...

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