Microsoft funding Move Networks

from NewTeeVee

>>Microsoft is extending its strategic relationship with Move Networks by adding an undisclosed amount of funding to the startup’s $46 million Series C round.

Move already has a five-month-old deal to be bundled with downloads of Silverlight, Microsoft’s Flash competitor. At this rate, how long before Microsoft buys Move?

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Move Networks has a strong financial backing from key media, Internet, and investment companies. The resources made available by our investors are helping Move Networks build the products and tools to support Internet television businesses.

Benchmark Capital

Benchmark Capital’s strategy is to be the first investor in technology-driven companies that seek to create new markets with significant growth potential. They focus on early-stage investing and take a labor-intensive, service-oriented approach in markets where they have direct experience. These include enterprise software and services, communications & security, semiconductors, mobile computing, consumer services and financial services.

Cisco

Cisco enables people to make powerful connections-whether in business, education, philanthropy, or creativity. Cisco hardware, software, and service offerings are used to create the Internet solutions that make networks possible-providing easy access to information anywhere, at any time.

Comcast Interactive Media

Comcast Corporation is the nation’s leading provider of cable, entertainment and communications products and services, with 24.1 million cable customers, 13.2 million high-speed Internet customers and 4.6 million voice customers. Comcast is principally involved in the development, management and operation of broadband cable networks and in the delivery of programming content.

Hummer Winblad Venture Partners

Hummer Winblad Venture Partners was founded in 1989 as the first venture capital fund to invest exclusively in software companies. Through their history, they’ve had the opportunity to invest in the pioneers and leaders of several generations of software applications, architectures, delivery methods and business models.

Steamboat Ventures

Steamboat Ventures is a global venture capital fund affiliated with The Walt Disney Company that invests in early to mid-stage media, consumer and technology companies in the U.S. and Asia. The firm pursues a distinctive investment strategy, cultivating investment opportunities that are simultaneously financially promising and also possess the potential to have significant strategic interest to The Walt Disney Company. Founded in 2000, Steamboat Ventures has offices in Los Angeles, Shanghai and Hong Kong.

Televisa

Televisa is the largest media company in the Spanish-speaking world, and a major player in the international entertainment business. Grupo Televisa is the largest media conglomerate in Latin America, and has interests in television production and broadcasting, direct-to-home satellite services, publishing and publishing distribution, cable television, a horizontal Internet portal, and more.

Move Networks Plans To Stream High-Definiton TV To Mobile Devices With Intel’s Help

Washington Post | August 20, 2008

At Intel’s ( NSDQ: INTC) Developer Forum in San Francisco, Move Networks announced today that it was going to adapt its high-definition media player that streams content over the Internet for mobile Internet devices (or MIDs) using Intel processors and Linux software by Moblin. Move Networks CEO John Edwards said: “The lines between the TV, the computer and mobile devices are blurring, while user demand for high-quality Internet television programming that they can view on all of these platforms is growing.