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On Demand Group Ltd

SeaChange Acquires On Demand Group Ltd. For $13.4 Million

Authored by Mark Hefflinger on September 27, 2005 - 7:15am.
Maynard, Mass. - SeaChange International, a provider of on-demand video technology, has acquired the remaining 72% stake that it did not already own in On Demand Group Ltd., a U.K.-based aggregator of television content. SeaChange paid $13.4 million for the 72% stake in On Demand Group, which is based in London and offers its aggregated content to pay-per-view services in Europe. Its customers include the cable operators ntl and Telewest in the U.K. On Demand Group also is a principal in the recently launched FilmFlex on-demand movie service venture with Sony Pictures and The Walt Disney Co.
tags: Acquisition | Acquires | SeaChange | On Demand Group Ltd |