Microsoft invests in online TV firm Move Networks
Published: 26 Aug 2008 08:14 BST
Microsoft has invested in internet TV company Move Networks for an undisclosed sum, in a move to broaden the reach of its video-streaming technology.
The investment comes roughly five months after the two companies struck a strategic partnership. In March, Microsoft said it would begin supporting Move Networks's video-streaming technology within its own cross-browser video platform, Silverlight, which lets publishers customise navigation and ads.
As part of Monday's deal, Move Networks said it will support Windows Server-based encoding, Microsoft video-compression technology (codecs), and Silverlight's digital rights management (DRM).
The deal also signals continued momentum for Move Networks, a supplier of high-definition video-delivery technology to publishers including ABC, Discovery, ESPN and Fox. In April, the American Fork, a Utah-based company, raised $46m (£25m) from a stellar lineup of investors, including Benchmark Capital, Cisco Systems, Comcast Interactive Media, Steamboat Ventures and Hummer Winblad Venture Partners. Microsoft said it has joined that Series C round of financing several months later. In all, the company has raised more than $67m since it was founded in 2006.
The two companies are showing off their teamwork during the US Democratic National Convention this week, under a deal with the DNC. The DNC is broadcasting live coverage of the event via its website with Microsoft and Move technology.
Combined, the two technologies let publishers deliver 'skip-free' TV programming online with customisable navigation, according to the companies.
Move Networks chief executive John Edwards said Microsoft helps it boost the advertising appeal of its technology with Silverlight. "Our close relationship with Microsoft demonstrates their confidence in our ability to unlock the tremendous potential of internet television for audiences, media owners, advertisers and service providers," Edwards said in a statement.
Credit: Microsoft invests in Net video company Move Networks from CNET News.com
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