Posted by : Randy Cooper in (CDN)

Move Networks Gets Another $46m

Move Networks Gets Another $46m
Move Networks announced today that they have raised a $46 million Series C round, bringing the total raised since Dec ‘06 to nearly $70 million. Move currently powers full-episode players for FOX, ABC, Discovery the CW and Oprah.
What will they do with the money? Other than the vague subtitle that “Additional Capital Will Accelerate the Delivery of High Quality Online Television to Tens of Millions of New Users Worldwide,” the press release provides little insight.
Much of the money will be likely put to use improving network reach and infrastructure so the next time Oprah gets 500,000 concurrent viewers it goes off without a hiccup. And the company will likely bolster its sales and engineering staff enabling them to provide better support and additional services for their existing large clients.
Said Bill Gurley, general partner at Benchmark Capital, which led the round:
Move offers a unique and obvious quality advantage compared to other video delivery options. The best brands with the best content want full control of their experience and their advertising relationships. The Move platform is the only choice on the market that optimizes this strategic imperative.
Other investors included Cisco, Comcast Interactive Media, and Televisa in addition to Steamboat Ventures and Hummer Winblad Venture Partners which have been involved in every funding round.

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