$46 Million More for Move Networks HD Videos Online
Mashable | April 14, 2008
More funding for an online HD video service. Move Networks has raised another $46 million in Series C funding, led by Benchmark Capital. Others in this round include Cisco, Comcast and Televisa, along with existing investors Steamboat Ventures and Hummer Winblad Venture Partners.
Move Networks already distributes content for most of the major networks through its proprietary media player, extending the option of HD quality video to be delivered to more online viewers. Earlier this year, Move Networks also teamed up with Microsoft’s Silverlight in order to deploy content via the Silverlight plug-in, giving Move Networks even wider range across browsers for distributing HD content.
