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Virtual Cable Company Internet
Broadcasting Corp. Closes Series A Round in Order to Roll out
Disruptive Service
Enhanced Online News
April 16, 2012
COLUMBIA, Md.--(EON: Enhanced Online News)--Internet protocol
television (IPTV) pioneer Internet Broadcasting Corp. (IBC) has
closed its Series A equity financing. The round was led by
sophisticated Washington DC area angel investors and the company’s
existing investor Silver Stone Capital came in as a co-investor. |
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“We are excited to have the support of our new investors as we bring
television viewing to the 21st century”
This financing will help fund the roll out of Vibble TV, the
company’s initial offering that focuses on the three million plus
South Asians in the United States. Vibble TV’s offering already
includes leading Indian television content provider ZEE TV and 60
other channels. In addition, Vibble TV offers to its subscribers
over 500 Bollywood movies and the entire library of Amar Chitra
Katha animated Indian fables through video on demand. The company is
continuing to add compelling content to its lineup and plans on
launching the service in May.
With the largest selection of South Asian channels in North America,
Vibble TV’s audience can “watch whatever whenever and wherever™”
live television and video on demand with the ability to pause,
fast-forward or rewind. Capable of delivering content seamlessly to
mobile devices, tablets, computers or television, Vibble TV expects
to quickly become the IPTV alternative of choice in today’s
entertainment market for its target market.
“We are excited to have the support of our new investors as we bring
television viewing to the 21st century,” said Suresh Kadagala, the
CEO and founder of IBC. “Our goal is to create the world’s leading
IPTV company and our investors share our vision and passion.” Vibble
TV also plans to roll out service to other ethnic markets later in
the year.
About Internet Broadcasting Corp.
Internet Broadcasting Corp. enables consumers to “watch whatever
whenever and wherever®” disrupting the way consumers receive both
linear television programming and video on demand (VOD). By
delivering video content directly to subscribers’ smartphones,
tablets, computers and televisions, IBC’s IPTV offering allows
consumers to replace their existing cable and satellite providers
with a service that provides additional functionality at a lower
price point.
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