Topic: online video financing
Hulu’s losses spiked 73% to $920 million as the joint venture spent aggressively on original content and launched a virtual MVPD service.
Netflix’s original content budget continues to swell, and as a result the company is taking on more debt to continue funding its expenditures.
Streamroot, a developer of OTT video optimization technologies, has secured an additional $3.2 million in funding.
Netflix announced it intends to raise another $1 billion from international investors.
Delivery Agent, which provides t-commerce capabilities to media and entertainment companies, filed for Chapter 11 bankruptcy on Thursday.
Goldman Sachs has invested $50 million in Kaltura, an online video vendor that provides a number of software solutions for both OTT video providers.
Despite a growing audience on Verizon’s go90 streaming service, many advertisers are wondering why it decided to launch a standalone online video app at all.
After months of battling broadcasters over its right to offer their over-the-air signals to its online subscribers--and losing a landmark Supreme Court decision in the process--OTA-over-OTT service provider Aereo filed for bankruptcy.