Financials

Concurrent Reports Lower Fiscal Q4 Revenues, Swings to a Profit

August 31, 2009
VOD technology provider, Concurrent , has released financial results for its fiscal fourth quarter and year, ended June 30th: Q4 revenues totaled $15.9 million (with gross margins of 59.2%), compared to $17.6 million for the year-ago quarter. Q4 operating expenses totaled $9.1 million, compared to $10.8 million for the year-ago quarter. Q4 net income totaled $245,000, or $0.03 per diluted share, compared to a loss of $1 million, or $0.12 per share, for the year-ago...

Boxee Closes $6 Million Series B Financing Round, Led by General Catalyst

August 13, 2009
--Says General Catalyst Will Help it Strengthen Relationships with Big Media and Cable Companies
--Aims to Bring its Platform to More Connected Devices, Attract More Developers, Add More Content
In a posting on over-the-top-TV specialist Boxee 's blog, Wednesday, the company's founder and CEO, Avner Ronen, announced that it has closed a $6 million Series B funding round that was led by Boston-based General Catalyst, with participation by existing investors, Spark Capital and Union Square Ventures (note: the company raised $4 million in a Series A round that closed last November). As part of the financing package, General Catalyst managing director, Neil Sequeira ,...

Rovi in Data Licensing Deal with TiVo

August 10, 2009
--Reports Higher Q2 Revenues and Lower Losses
Rovi (formerly Macrovision--for more on the company's name change and the repositioning it heralds, see the interview with Rovi chief evangelist, Richard Bullwinkle, that was published on itvt.com, July 16th ) announced Thursday that it has signed a multi-year global agreement with TiVo which it says will allow the latter to incorporate Rovi TV, movies and music data into its DVR's and into its technology and service solutions targeted at cable, satellite and broadcasting companies...

ADB Group (ADB, Osmosys, Vidiom) Reports Higher Revenues, Earnings for First Half

August 06, 2009
ADB Group , the parent company of interactive TV software specialists, Vidiom Systems and Osmosys, and set-top vendor, ADB, has released financial results for the first half of 2009: Revenues totaled $183.2 million, up 7.8% from the year-ago period. The company said that the main drivers of growth were strong demand from the cable and satellite industries, primarily in Europe. Gross profit rose to $68.6 million. Gross margin reached 37.4% of revenue. According to the...

Softel Group Divests Aston Broadcast Video Graphics Business to Focus on Interactive TV and Subtitling

August 04, 2009
The Softel Group announced Monday that it is selling its video graphics systems company, Aston Broadcast , for an undisclosed amount to real-time graphics specialist, Brainstorm Multimedia. According to the company, the sale of Aston Broadcast is the latest in a number of major changes that have been initiated by CEO, Sam Pemberton (who was formerly president and CEO of Softel's Softel-USA arm--which he also founded), since he took the helm of the company back...

"How To" Video Company, 5min, Raises $7.5 Million in Series B Round

July 27, 2009
--Plans to Use Funding to Develop its Online Video Syndication Technology
5min , a US-Israeli company that operates a syndication platform and destination Web site for how-to videos, announced last week that it has secured $7.5 million in Series B funding, bringing the amount it has raised to date to nearly $13 million. The round was led by new investor, Globespan Capital Partners, and also saw the participation of existing investor, Spark Capital. Globespan managing director, Jonathan Seelig, will now join 5min's board of directors. 5min...

NetPlay TV Announces £12.8 Million Private Placement

July 13, 2009
--Also Announces Strategic Partnership with Playtech
NetPlay TV , a UK-based company that specializes in "live" interactive TV gambling (note: the company recently acquired Two Way Gaming, a joint venture between Two Way TV and Win Gaming, and, as part of that deal, has taken over the production of interactive TV gaming channel, Challenge Jackpot, which offers programming on the UK's Virgin Media cable, Sky satellite and Freeview digital terrestrial platforms-- see article posted on itvt.com, May 19th ), announced last...

Israel's The Box Secures Funding from Greylock Partners to Target US and Other International Markets

June 05, 2009
--Company's Offerings Include "CelebZ," a Viewer-Driven, Animated Interactive TV Series
The Box , an Israeli company that bills itself as specializing in developing "content for broadcast entertainment and advertising that seamlessly integrates multiple forms of media, including television, Internet and mobile, into an innovative blend of advertising and entertainment," said Thursday that it has received an investment of "several million dollars" from VC firm, Greylock Partners (note: the latter's other investments include Facebook, LinkedIn, ZipCar and DoubleClick). The company plans to use the new funding...

SeaChange Reports Higher Revenues, Income

June 05, 2009
--Company's Fiscal Q1 Was Seventh Consecutive Quarter of Profitability
Video-on-demand, IPTV and digital advertising technology provider, SeaChange International, has released financial results for its fiscal first quarter (2010), ended April 30th: Combined revenues totaled $48.9 million, compared to $45.4 million for the year-ago quarter (an increase of 8%). Revenues from the company's software segment totaled $30.6 million, up $0.6 million from the year-ago quarter. The company said that the growth was driven by increased Comcast VOD software subscription revenue, as well as higher VOD...

TV Recommendation Company, beeTV, Raises $8 Million in Series B Funding

June 03, 2009
--Investment Is Largest-Ever by Italian VC, Innogest
beeTV , a Milan-based company that offers a platform which it says allows viewers to choose the TV shows they want to watch by presenting them with a "personal content channel" (the platform was unveiled in the US at the DEMOfall 08 conference in San Diego last September-- see [itvt] Issue 8.06 Part 2A ), announced Wednesday that it has completed a Series B funding round that saw it raise $8 million. The round was...

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