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Ripe Digital Ripe for $32M in Financing

Ripe Digital Entertainment, a provider of on-demand television, received $32 million in series-B financing from Hearst-Argyle, Time Warner Investments, Columbia Capital and Rho Ventures.

The company said it will use the capital “to launch additional on-demand television networks, build its broadband and mobile strategy and accelerate its development of measurable advertising and compelling programming.”

Ripe launched two multiplatform on-demand networks, RipeTV and OctaneTV.