Video-on-Demand giant TVN Entertainment Corp. and Avail Media, the only independent aggregator and provider of linear content, are merging to become a fully integrated, end-to-end solution for content owners and service providers. Columbia Capital, Novak Biddle Venture Partners, Valhalla Partners, Pioneer Ventures and the National Rural Telecommunications Cooperative (NRTC) have invested to create a scalable and extensible platform enabling delivery of next generation video distribution services. Terms were not disclosed.
The combination creates the largest independent provider of end-to-end content aggregation, management, and service offerings, delivering content from more than 200 content partners, including Hollywood movie studios, cable networks and independent content producers to more than 46 million homes and 120 million consumers. Through this merger, both Avail Media and TVN Entertainment will extend the technologies and content offerings available to their customers on a global basis.
For more:
- see this release
