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.
