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Summary:

Move Networks has acquired UK-based virtual set-top box provider Inuk Networks in a deal that adds a broadcast component to Move’s ongoing efforts to distribute television over the Internet. The purchase price was not disclosed but it at least partly involved Move shares. Inuk had raised […]

Move Networks has acquired UK-based virtual set-top box provider Inuk Networks in a deal that adds a broadcast component to Move’s ongoing efforts to distribute television over the Internet. The purchase price was not disclosed but it at least partly involved Move shares. Inuk had raised an $18.5 million second round only last June, but according to paidContent:UK, ran through its funding building a PC IPTV service that only had some 100,000 users, all university students.

Inuk already uses Move’s adaptive streaming technology as part of a deal the two companies did last year. Move, which currently powers mostly on-demand streaming but also some live events, said it plans to launch Inuk’s Freewire platform in the U.S. and Scandinavia later this year.

Inuk will remain in the UK and be branded as Move Networks, with Move’s major shareholders — including Steamboat Ventures, Hummer Winblad and Benchmark Capital — and Inuk’s major shareholders — including Wesley Clover, S4CDM and Cable&Wireless — continuing to have stakes in the combined entity.

Move has made layoffs and is currently seeking a replacement for its CEO. The company has raised $68 million from Benchmark Capital, Cisco, Comcast Interactive Media, Televisa, Steamboat Ventures and Hummer Winblad Venture Partners. Though it has lost a bit of sparkle, Move still counts some major customers for its high-quality TV distribution on the web: ABC, FOX, The CW, ESPN360, ProSieben and Televisa.

  1. Fantastic, sure to rock the video world. BTW, did you report on KIT Digital’s recent acquisition?

    Word is KIT digital’s revenues are more tham Move’s and may take in more than Brightcove.

    Not bad for a company you called a “shell company” huh Liz?

    Keep up the astounding work here.

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  2. [...] which recently acquired Inuk Networks, aims to offer a combined IPTV and Internet television delivery platform. Today it offers web [...]

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  3. [...] which recently acquired Inuk Networks, aims to offer a combined IPTV and Internet television delivery platform. Today it offers web [...]

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  4. [...] used by The CW and for Comcast’s Fancast Xfinity TV Everywhere deployment. Furthermore, its acquisition of Inuk Networks and its focus on providing a platform for ISPs to deploy IPTV services could still catch on, [...]

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  5. [...] of focusing on media customers, Move has transitioned to selling a platform for delivering live and on-demand IPTV services, which it is pitching to large ISPs. The company is targeting ISPs in particular that want to roll [...]

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  6. [...] out over-the-top video services without investing in expensive cable infrastructure. Through the acquisition of Inuk Networks last year, it planned to offer broadcast TV services over broadband infrastructure. But sources say [...]

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  7. [...] 2009 – Move Networks Acquires Inuk for Broadcast TV on PCs – Move acquires Inuk to add a broadcast component to its ongoing efforts to distribute [...]

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