3 Comments

Summary:

Widevine has nabbed an additional $15 million in a strategic investment from Liberty Global, a global cable operator, and Samsung Ventures to boost its business for multiplatform digital rights management. The DRM provider is looking to use the funding to expand its ability to offer TV […]

Widevine logo

Widevine logoWidevine has nabbed an additional $15 million in a strategic investment from Liberty Global, a global cable operator, and Samsung Ventures to boost its business for multiplatform digital rights management. The DRM provider is looking to use the funding to expand its ability to offer TV Everywhere-type services.

Widevine’s DRM and adaptive bit-rate technology has been chosen by companies like Sonic Solutions, Blockbuster and Best Buy to distribute and protect video content across the web and on a number of devices. Now Widevine wants to use that technology to cash in on the growing interest in TV Everywhere, through which major content providers and cable companies would make subscription-based, pay TV content available online.

But the bigger opportunity could be making those same services available directly through integrated set-top boxes and other consumer electronics devices. Already, CE manufacturers such as LG Electronics, Samsung and Toshiba are integrating the technology into connected devices like Blu-ray players and HDTVs. And Widevine supports mobile platforms like the iPhone, enabling a whole other set of distribution opportunities.

Widevine’s new funding is a Series D financing round. The company was founded in 1999, but was recapitalized in 2003; since then, it has raised a total of $51.8 million.

  1. I hear Echostar was also a new investor in this round

    Share
  2. [...] content discovery start-up Clicker received funding while decade-old DRM player Widevine got another infusion with a D round of $15 million from Liberty Global and Samsung Ventures as it tried to hook its [...]

    Share
  3. [...] has raised a total of $51.8 million since being recapitalized in 2003, including a $15 million strategic investment from global cable operator Liberty Global and Samsung Ventures that it announced in December. The [...]

    Share

Comments have been disabled for this post