The National Cable TV Cooperative has reached an agreement with MobiTV’s new owner, TiVo, to keep using MobiTV Connect IPTV technology.
NCTC, which now touts a membership of “more than 700” smaller cable operators, signed a master agreement with Emeryville, Calif.-based MobiTV four years ago. The deal gave NCTC’s then 800+ members preferred terms for MobiTV technology that allowed them to convert from traditional QAM-based video to app-based IPTV systems.
In March, however, MobiTV declared bankruptcy, listing $19 million in assets vs. $75 million in liabilities.
According to a joint statement released by TiVo and NCTC, the agreement covers TiVo’s implementation and management of MobiTV software-as-as-service, managed pay TV tech.
“MobiTV’s assets provide the opportunity to expand and enhance our IPTV solutions for existing TiVo customers as well as continuing to service newly-acquired MobiTV customers,” said Jeffrey Glahn, Xperi senior VP of global sales, in a statement. “This agreement allows a seamless transition for existing MobiTV customers to enjoy the offerings at TiVo and enables NCTC to provide continued value to its members in a time of industry transition.”
Added said Rich Fickle, the NCTC’s former CEO & President: “TiVo’s brand reputation, financial stability, and track record in the industry provides NCTC members a strong option. Over the last three months NCTC worked on a priority basis to help ensure that the MobiTV service continued in the hands of a viable, focused provider such as TiVo.“
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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