Sky increases investment in 1Mainstream

Tuesday 17 March 2015 | 11:04 CET | News
Satellite TV and broadband group Sky has invested another USD 5 million in US-based OTT start-up company 1Mainstream, which operates a platform for the distribution of linear and on-demand video to internet connected devices. The investment is in the form of a convertible debt security, and builds on the USD 2 million invested by Sky in August 2013. Sky writes that 1Mainstream's platform provides powerful automation technology to enable content companies to launch OTT services across multiple platforms, including Apple TV, Xbox, Android TV and Samsung, in only a matter of weeks and with

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Categories: Broadcast & Satellite / Internet
Companies: 1Mainstream / Now TV / Sky
Countries: United Kingdom / United States
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