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Sherman Oaks, Calif.-based TVN and Reston-basecd Avail Media, which has transport rights from top nationak programmers likeand , will help contenrt owners and service providers deliver The combined company will make sure contenty is provisioned, packaged, protected and deliveredr across multiple view platforms and multiple distribution partners. Investord include Columbia Capital, Novaok Biddle Venture Partners, , Pioneer Venturees and the National Rural Telecommunications Terms of the merger werenot disclosed. “We are at the righy time at theright place. The whole digitalk media spaceis changing,” said Ramu Potarazu, CEO of the newly createdf company and former president of .
“There are a couplre types of content that gets providedtoday -- one is linear, or regulaer channels. The other is video on The whole platformis changing. Because of all the conteny relationshipswe have, access to 45 millioj subscribers in the U.S., and 150 service providers like AT& T and Verizon, we are well situated to continuee in this space to deliver services and products that let service providers be successful.” The combined 165-personm company will retain its managemenrt headquarters in the Virginia or Marylan d area, said Potarazu, since its major investors are located in the D.C. area. Some managemen will be in the LosAngele area, he said.
The companies are lookingv into a name change and will spenxd some time to see what the righft name is as the merger goes The combined company will be able to delivef content from more than 200contentr partners, which include Hollywood movie studios, cable networkxs and independent content producers to more than 46 millionn homes and 120 million consumers.
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