Veoh secures strategic financing; Eisner joins board of directors
Veoh Networks has completed a major strategic financing round, raising $12.5 million in a Series B venture capital financing. Additionally, Michael Eisner, former chairman and CEO of The Walt Disney Company, and Todd Dagres, managing partner of Spark Capital, will join the Veoh Networks board of directors.
New investors Spark Capital, Time Warner and Eisner's The Tornante Company joined existing investor Shelter Capital Partners in the financing.
Veoh Networks delivers broadcast-quality entertainment and informational content via the Internet.
For more information, visit www.veoh.com.
MRG ranks Tut System tops among headend vendors
Multimedia Research Group has ranked Tut Systems No. 1 among video headend vendors for IPTV channels deployed. Tut Systems earned a top ranking in more than one segment. The company took top honors in the Global, North American and Rest of World markets.
The March 2006 “IPTV Tracking Service — Market Leaders Report” from MRG identified IPTV systems and software companies leading globally and in each of four IPTV geographic markets. The report measured market position using estimates of the number of IPTV channels being provided by the video headend companies' products. Tut Systems Ranked No.1 globally and in two of the four geographic territories with more than 14,000 channels of video deployed over broadband networks.
For more information, visit www.tutsys.com.
Telefonica, Lucent strike IPTV deal
Lucent Technologies and Telefonica Group have reached an agreement under which Lucent will support Telefonica’s IPTV service rollouts worldwide.
Under the agreement, Lucent will assume responsibility for the future development and deployment of Telefonica’s Imagenio IPTV middleware platform, including the ongoing introduction of new features and capabilities; Lucent also will market the platform to the broader, global service provider community.
To support the effort, Lucent will establish IPTV research and development centers — linked to Bell Labs — in Madrid and Aragon, Spain.
For more information, visit www.telefonica.es and www.lucent.com.
IPTV brings students, scientists, religious together for Earth Day
More than 16,000 high school and college science classrooms across the United States participated in a live, two-way IPTV video/chat broadcast with scientist and religious leaders April 21, Earth Day, on the topic of global warming.
The IPTV application used the “PowerTV” IPTV network of Chantilly, VA, -based Communications Technology.
For more information, visit www.comtechnologies.com.
AOL offers Chinese programming
The broadband division of Shanghai Media Group has begun providing AOL with video programming for distribution via its Chinese language Web site.
