Updated: WSJ has the official story: Media giants Liberty Media (NSDQ: LINTA) and EchoStar (NSDQ: SATS) are aong those investing a whopping $46.6 million in Sling Media….so are Goldman, Sachs and Allen & Co. VC firms DCM-Doll Capital Management and Mobius Venture Capital, as well as Hearst Corp. — all three were previous investors in Sling Media — also participated in the latest funding round.
Sling Media is a remote-access company which allows people to watch their home-stored digital media remotely…the company has a box which attaches to a TV and a broadband network, and allows you to watch TV and other media anywhere with a network connection: online or on mobile devices.
The company will use the money for product development and international expansion…CEO Blake Krikorian didn’t say whether Sling’s main product — a slim, silver-colored, $250 device called the Slingbox — may be integrated with the product offerings of Liberty and EchoStar.
Red Herring: Krikorian said the company has sold a six-figure number of the devices so far…Earlier this month, the company rolled out a Macintosh version of its product, and announced it could deliver television content to Windows mobile Smartphones and handheld computers .
Related:Sling Media Heavy on Cash
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