MobiTV, a company that specializes in IP-based multiscreen video delivery, said it has landed a $21 million round of funding from Oak Investment Partners and Ally Corporate Finance.
MobiTV, which has raised about $180 million, said the funds will be used to accelerate and expand MobiTV Connect, an IP-powered, app-based platform that enables MVPDs to deliver services on a wide range of smartphones, tablets and TV-connected streaming devices and sidestep having to use traditional set-top boxes.
MobiTV cut its teeth on mobile video for partners such as AT&T, Sprint and T-Mobile and with several international partners but has been expanding into in-home pay-TV services using MobiTV Connect and now works with several U.S.-based service providers that include C Spire, DirectLink (formerly Canby Telcom) and Citizens Fiber.
MobiTV said its platform, which includes a customizable cloud-based user interface, complies with Title IX rules for pay TV, including support for ratings, content protection, and closed captioning.
For the full story go to Multichannel.com.
(Photo via 401(K) 2012's Flickr. Image taken on Feb. 21, 2017 and used per Creative Commons 2.0 license. The photo was cropped to fit 9x16 aspect ratio.)
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