TiVo has emerged as the winning bidder for bankrupt IPTV solutions provider MobiTV, paying $18.5 million to beat out a competitive joint bid from Amino Technologies and Roku over the course of a two-day auction process. MobiTV represented a competitor for TiVo in the market for delivering IPTV solutions to cable companies.
MobiTV has refuted an earlier report that suggested the company was poised to cease operations on May 2 and terminate its 86 employees, saying company-issued warnings to that effect were merely requirements of its ongoing bankruptcy process.
Already in bankruptcy, video tech firm warns the California Employment Development Department that it could soon lay off all 86 of its employees.
Several video tech and service vendors are sizing up potential partnerships and solutions for cable operators and telcos that could find themselves grasping for alternatives in the wake of MobiTV’s voluntary bankruptcy filing. While at least two suppliers have entertained thoughts about acquiring MobiTV’s assets if they could be had for cents on the dollar, many others are exploring opportunities to create and integrate an alternative in tandem with tech partners and, possibly, with cable operators that are using MobiTV today, according to a group of execs with suppliers.
MobiTV, a key video technology vendor to T-Mobile, Cable One and myriad small cable companies, has filed for Chapter 11 bankruptcy protection. According to FTI Consulting, a firm brought on by the Emeryville, Calif. company to oversee the restructuring process, MobiTV has obtained $15.5 million in debtor-in-possession financing to keep the lights on, the employees paid and its cloud-based video systems up and running.
MobiTV, a key cog in pay-TV streaming services from T-Mobile and from an array of U.S. telcos and cable operators, is in need of a financial lifeline — in the form of more capital or cash from a white knight buyer — to keep the operation afloat beyond the short term, multiple industry sources familiar with the situation said.
MOBITV, a global provider of app-based TV video delivery solutions, will use Telia Carrier’s global IP backbone to provide scalable capacity and connectivity for MOBITV’s pay TV operator customers across the U.S. For a first-rate viewing experience, video consumers need consistently reliable, redundant, and robust connectivity to the app-based TV video provider’s data center. MOBITV […]
Windstream, a provider of advanced network communications and technology solutions, and MobiTV, a global leader in app-based TV video delivery solutions, plan to launch an app-based television service, Kinetic TV, which will enable Windstream’s residential customers to access content when and where they want it, powered by the MobiTV Connect platform. This television service will launch […]
AT&T used the collegiate national championship football game in Dallas Monday night as a backdrop to the operator’s first live demonstration of LTE broadcast technology. Also known as LTE multicast, the company worked with partners Ericsson, Qualcomm, ESPN, Samsung and MobiTV to deliver two channels of streaming video and one channel of data to 40 LTE-broadcast enabled Samsung Galaxy Note 3 devices.
Mobile TV company MobiTV announced it is introducing a solution allowing cable, satellite and IPTV providers to offer so-called TV Everywhere services to mobile phones, PCs, tablets and other connected devices.
MobiTV’s Accelerated Media Platform (AMP) powers the experiences of on-demand, satellite, live television, premium and primetime programming, radio and digital music services to a wide range of mobile handsets. With the recent inclusion of Sprint TV on new and upcoming devices, the MobiTV platform is now available on all four major U.S. carriers and all major mobile operating systems.
Digital security technology specialist Nagra-Kudelski will handle “conditional access” as the Mobile Content Venture outlines that and other technical details of its upcoming mobile DTV service.