Online Clipping Service 1Cast Gets First Round Backing


1Cast, an online TV clipping service a la the defunct RedLasso, has raised unspecified seed and first round funding from Eagle River Holdings, reports NewTeeVee. Eagle River is the PE firm backed by Craig McCaw. It’s hard to tell how similar it will be to RedLasso, though it doesn’t seem to be adopting the doomed “shoot first, negotiate for rights later” business strategy. 1Cast, based in Kirkland, WA, has already signed various broadcast partners (unnamed) and as President Andy Bontrager told NTV, its model will be more about pushing users to network sites. Also, judging from the company’s limited description of itself, it doesn’t seem as focused on rebroadcasting of content, so much as personalization of online TV news.

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