CBS News | April 14, 2008
Red hot Move Networks, the heavily-backed provider of high quality online video streaming, has raised a huge $46 million third round led by Benchmark Capital, as well as Cisco (NSDQ: CSCO), Comcast (NSDQ: CMCSA) Interactive Media (a division of Comcast Corp.), and Televisa, making its entry into the crazy-money territory. Previous backers Steamboat Ventures (Disney) and Hummer Winblad Venture Partners also participated. The company has previously raised about $45 million over two rounds, bringing its total haul to around $91 million. The American Fork, Utah-based company touts a higher level of quality than other video providers, including HD, and it claims to be able to eliminate buffering.
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Eweek | April 14, 2008
Evans Data official says Microsoft’s support of its products will drive the growth of the company’s alternative to Adobe Flash over the next 18 months.
Despite Adobe Flash’s dominance in the world of rich Internet applications, Microsoft’s competing offering, Silverlight is expected to triple its market share, according to a market researcher.
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Internet Video Delivery Startup Raises $46 Million in Third-Round Funding
Multichannel News | April 14, 2008
Move Networks, which provides Internet TV delivery services, announced a $46 million third round of funding led by Benchmark Capital with participation of Cisco Systems and Comcast Interactive Media.
Other investors participating in the round include Televisa and previous investors Steamboat Ventures and Hummer Winblad Venture Partners.
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TechCrunch | April 14, 2008
Investors are betting big on video streaming provider Move Networks. The Utah-based company just announced that it raised $46 million in a C round of venture financing. The round was led by Benchmark Capital, and also included Cisco, Comcast Interactive Media, Televisa, Steamboat Ventures and Hummer Winblad Venture Partners. That brings the total raised since December, 2006 to $91.3 million. (Competitor Brightcove has raised $86.2 million and Maven Networks was bought by Yahoo for $160 million in February).
When it comes to streaming HD video on the Web, Move Networks is becoming one of the preferred video streaming partners for many major media sites, including ABC.com, Discovery.com, ESPN.com,and Fox.com. But Move requires that viewers install its own proprietary video player as a plug-in to their browsers. So in a way it competes with Flash, which is getting better all the time. (Brightcove is taking a BitTorrent approach). High-definition streams still tend to run into network bottlenecks and slow connection speeds at people’s homes. Whoever can solve or bypass these problems will become adopted by more video sites as the demand for HD video rises.
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CNET News.com | April 14, 2008
Move Networks, a content delivery network for high-definition television online, has closed on a $46 million series C round of financing led by Benchmark Capital. Cisco, Comcast Interactive Media, and Televisa, along with the company’s previous investors Steamboat Ventures and Hummer Winblad Venture Partners, also joined the round.
The American Fork, Utah-based company has raised more than $44 million in two previous rounds of funding since 2006. The company supplies video-delivery technology to publishers including ABC, Discovery, ESPN, and Fox. But it has a hefty list of rivals, including Akamai, Edgecast and Limelight Networks.
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CNNMoney.com | April 14, 2008
LAS VEGAS, April 14, 2008/PRNewswire-FirstCall — Today at the NAB Show 2008, Microsoft Corp. announced significant momentum for Microsoft Silverlight resulting from new customers adopting Silverlight to deliver richer, more interactive media experiences on the Web.
. . . At MIX08, Microsoft also announced a strategic alliance with Move Networks, a leading provider of advanced video delivery services. At NAB 2008, Move Networks Inc. is demonstrating a technology preview of Silverlight-based unique branding and navigation elements within, around and on top of Move Networks’ video technology.
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NewTeeVee | March 26, 2008
John Edwards, CEO of Move Networks, which powers streaming for ABC.com, FOX.com and ESPN360.com, told us today people are spending more than an hour per session watching content Move provides. He also said that the company has crossed the 34 million viewer mark. This is an increase from the 50-minute average viewing time and 20 million viewers Move announced in November.
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Zatz Not Funny | March 20, 2008
All TV (except sports) is moving to on-demand, right? You can’t successfully have hundreds of thousands of people accessing the same online video at the same time, right? You can’t hold an interactive video event online that’s open to the public, right?
Oprah says otherwise. That’s right, Oprah.
Very quietly Oprah’s been hosting an online, interactive class called A New Earth on Oprah.com for the last three weeks. What makes the initiative remarkable is that she’s using Skype video to do it. Not only can online visitors watch Oprah talk with guest/co-host Eckhart Tolle every Monday at 9:00 ET, they can also ask questions in a video split screen. (see above) Limelight is the content delivery network (CDN) partner for the series and Move Networks is handling the video player and encoding. The scale of the experiment is unprecedented.
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