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AnySource Media Secures $3.2M in Funding for Internet-Enabled HDTV Platform
Published Mar 17, 2009
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"AnySource Media is the brainchild of digital entertainment experts and technology developers who saw the business opportunity that will impact the consumer's viewing experience of online video content for years to come," said Rob Adams, co-founder and managing partner with NextStage Capital. "The AnySource Media team has proven themselves repeatedly in the past, and we are very pleased to invest in the company."
AnySource Media has developed the Internet Video Navigator(TM) (IVN) platform that includes embedded software residing inside the standard chips of HDTVs and software within the AnySource Data Center. IVN seamlessly combines the convenience and comfort of traditional TV viewing with the richness and variety of video content now available on the Web. With the IVN integrated platform in HDTVs, consumers are able to watch the best of TV and the best of the Internet without a separate box or complicated wiring.
With this round of funding, the AnySource Media team plans to bring their platform to commercialization for multiple HDTV manufacturers, increase the number of content providers and develop new technologies that will provide long-term flexibility for viewing online video on HDTVs.
"This round of funding is a major milestone for the company and perfect timing to support the initial consumer product rollout projected for the second half of 2009," says Mike Harris, CEO and co-founder of AnySource Media. "The ability to tap into the collective resources and market expertise from both investment firms as well as the individual investors will be extremely valuable for our aggressive growth plan."
"AnySource Media brings a new recurring business model to consumer electronics manufacturers," says Fred Allegrezza, chairman of AnySource Media. "The Connected HDTV platform adds a new dimension for the media industry."
AnySource Media is currently working with leading HDTV manufacturers to integrate the IVN client software directly into high-volume, mainstream HDTVs. TV viewers can navigate video actively or passively, selecting sites and jumping to specific videos, or sitting back and watching videos like a traditional broadcast experience.
Posted by
VMD - [Virtual Marketing Department]
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