Tuesday, April 15, 2008

Move Networks, a leading provider of high definition online television services got $46 million Series C funding

What Company Is Offering:
Move Networks, Inc. is a leading provider of online television services that drive the growth and support of online audiences for leading broadcasters and publishers including ABC, the CW, Discovery, ESPN, and Fox. The video technologies and services developed and managed by Move Networks enable leading brands to cost-effectively and reliably deliver live and on-demand HD quality programming to millions of people without the buffering, stalling, and low-quality viewing experiences common with competing technologies.

How Much They Got From VCs:
Move Networks, a leading provider of high definition online television services, announced a $46 million Series C funding round led by Benchmark Capital that includes global technology leaders Cisco, Comcast Interactive Media (a division of Comcast Corp.), Televisa, as well as previous investors Steamboat Ventures and Hummer Winblad Venture Partners.

"Viewers are demanding higher quality video at anytime and any place. Move's platform provides a solution that maximizes quality while at the same time meeting the demands of scalability and profits," said John Edwards, CEO of Move Networks. "This funding round is further validation by leading digital new media companies and infrastructure providers that Move Networks has the delivery services uniquely designed to meet the online monetization mandate of the world's largest media companies."

"The consumer experience is a central component to the future growth of broadband video," said Ian Blaine, CEO of thePlatform, SVP Content Publishing for Comcast Interactive Media. "Consumers expect online video to mirror their television or DVD experience today. Companies such as Move Networks will play a key role going forward."

More at:http://www.movenetworks.com/

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