Toronto, Canada - GlassBOX Television, a provider of cross-platform broadcast and video-on-demand channels, announced on Tuesday that it has raised about $4.9 million in new venture capital financing, led by JLA Ventures.

Aver Media, Frantic Films Corp. and several media industry investors also participated.

Toronto-based GlassBOX's first channel, BITE TV, launched in 2005, and the interactive channel is now available on cable, satellite, IPTV, mobile and broadband websites.

The company will use the funds to launch new cross-platform broadcast channels, and for a re-launch of BITE TV in the fall that will include new content and a new broadband Internet video portal.

Related Links:
http://www.glassbox.tv/news/news_details.php?id=9