Another IPO: Internet TV Company PeerTV Floating For £6 Million

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What’s this; more flotation activity? PeerTV, an Israeli company whose set-top boxes streams TV channels over the internet to televisions, says it is floating on London’s AIM market to raise a hoped-for £6 ($9.64) million for a tilt at the nascent connected-TV market.

PeerTV’s boxes include a built-in DTT tuner for Freeview reception but trade on receiving overseas channels over the open internet. The service targets ethnic and religious communities with channel bouquets and includes internet services like integrated social networks and search.

The company says it scored a $200,000 (£124.56) half-year profit on revenue that increased from to $5 (£3.12) million, from the $3.5 (£2.18) million it achieved in the whole of 2009. From the announcement: “PeerTV

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EU Brainwashing

YouView is jointly owned by the BBC, ITV, Channel 4, Channel Five, BT, TalkTalk and Arqiva, and aims to launch an internet-connected TV service in the first half of next year. So that should be interesting – not somthing that leads necessarly to a free and open www/internet kind of situation, but lets hope the platform is flexible enough not to be anti-competitive or monopolistic. And lets face it, it is only an interface. If it help get internet enabled TV’s into the majority’s living-rooms it will be ‘game-on’ for digital content providers all the sooner.

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