Interactive TV Firm Lands $26M for Tablet Push

Welcome to the cable news roundup, T.G.I.F. edition.

  • Ensequence Inc. has raised $26 million to help the interactive TV app developer expand into tablets, smartphones and connected TVs. The company, which has raised about $140 million during its 10-year run, has developed a platform that lets partners develop and publish ITV apps for what's become a fragmented software environment. The company counts several large programmers and Tier 1 operators in its customer stable, including NBCUniversal LLC , Showtime Networks Inc. , Turner Broadcasting System Inc. , HBO, Comcast Corp. (Nasdaq: CMCSA, CMCSK), Dish Network LLC (Nasdaq: DISH) and Verizon Communications Inc. (NYSE: VZ).

  • SeaChange International Inc. (Nasdaq: SEAC) has closed the sale of its broadcast and server storage business to a new independent company called XOR Media. (See SeaChange Sells Off Its Broadcast Server Biz .)

  • Suddenlink Communications lost 2,000 video subs video subscribers in the first quarter, ending the period with 1.25 million. It added 31,200 high-speed Internet customers for a total of 982,600, and 14,600 phone customers to make 453,200 total. The MSO posted a net loss of $26.6 million on revenues of $505 million, up 6.2 percent year-over-year. Project Imagine, an infrastructure upgrade that includes Docsis 3.0 and video-on-demand expansions, is 89 percent completed.

  • Public Knowledge is urging the Federal Communications Commission (FCC) to publish details about the governance structure of a technology joint venture formed by Verizon Wireless and four MSOs that's tied to a deal that also includes cable/wireless service bundling and the sale of cable's Advanced Wireless Services (AWS) spectrum to the mobile carrier. (See FCC Lengthens Review of Verizon's Spectrum Deal .)

  • The last vestiges of over-the-top video service Joost are being swept into Adconion Media Group's Smartclip video ad unit, reports MediaPost. Adconian had tried to spin Joost into a standalone business focused on premium video. (See Joost Returns! )

    — Jeff Baumgartner, Site Editor, Light Reading Cable

  • craigleddy 12/5/2012 | 5:33:16 PM
    re: Interactive TV Firm Lands $26M for Tablet Push

    Good news for CEO Peter Low and crew and a sign that "interactive TV" is expanding beyond the EBIF play to grow by using other device platforms and distribution methods.  

    Jeff Baumgartner 12/5/2012 | 5:33:14 PM
    re: Interactive TV Firm Lands $26M for Tablet Push

     Either that or we have a new bubble forming. But I have to admit that using companion tablets and smartphones as the "interactive" component of ITV makes alot of sense, at least when I look at how my own habits are changing.  When I do slouch in front of the TV, I do so more often with a tablet in my lap. JB

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