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$50m as MobiTV plans international expansion

July 2, 2019 10.40 Europe/London By Julian Clover

MobiTV says it plans to accelerate its international footprint after it secured $50 million in funding.

Already, the app-based TV service has two million subscribers across 90 pay-TV operators.

Oak Investment Partners, Ally Financial, and Cedar Grove Partners participated in the investment round.

“Our vision of creating leading edge video experiences and technology in a unique, cost-effective manner has allowed MobiTV to win business faster than anyone else in the industry, with 90 operators selecting MobiTV Connect since we first launched the platform in 2016,” said Charlie Nooney, MobiTV Chairman and CEO.

“We’re equally proud to have a nod from the National Cable Television Cooperative (NCTC), as they selected MobiTV as a premiere partner for app-based Pay-TV video solutions delivery in 2017. This further distinguishes our signature offering. We continue to demonstrate our ground-breaking approach to addressing operator challenges as they upgrade their PayTV offering in an increasingly competitive marketplace.”

Broadcasters including A+E Networks, AMC Networks, C-SPAN Networks, Disney and ESPN Media Networks, Showtime and Viacom are available on the platform.

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Filed Under: Newsline Tagged With: MobiTV Edited: 2 July 2019 19:53

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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