Video-on-Demand Firms TVN, Avail Media Agree to Merger

Authored by Mark Hefflinger on May 18, 2009 - 8:35am.

Sherman Oaks, Calif. - TVN Entertainment, a provider of video-on-demand programming and delivery services, announced on Monday that it has agreed to merge with Avail Media, an independent aggregator and provider of linear content.

While financial terms of the transaction were not disclosed, the companies said Columbia Capital, Novak Biddle Venture Partners, Valhalla Partners, Pioneer Ventures and the National Rural Telecommunications Cooperative have invested in the combined entity.

The deal will create a company that delivers content from more than 200 producers to more than 46 million homes and 120 million consumers.

"No one company has assembled all the necessary components to ensure that content is provisioned, packaged, protected and delivered across multiple view platforms, multiple distribution partners in support of multiple business models in a seamless and integrated way," said Columbia Capital's Phil Herget.

"The combination of TVN and Avail provides the end-to-end solution to enable our customers to meet these evolving consumer demands."

http://www.tvn.com

http://www.availmedia.com