MobiTV reaches 2 million customer mark

MobiTV Inc. announced that it has surpassed two million subscribers, a doubling of its paying subscribers worldwide in less than a year. MobiTV offers more than 100 television channels worldwide and nearly 40 channels in the United States
The company passed one million paying subscribers in April 2006, and has since launched multiple broadband and cable-to-mobile deployments via new and traditional players in broadcast media. It has also been infused with $100 million in venture capital funding from Oak Investment Partners, Adobe Systems Inc. and Hearst Corp. during the last 10 months.
MobiTV said its technology is poised to adapt to emerging networks such as WiMAX and DVB-H, and that it offers a commercial interactive advertising platform.
“After more than three years of delivering both live television and video-on-demand services commercially for millions of customers, on almost every type of mobile or broadband network, MobiTV has quickly become the industry’s go-to-resource for mobile content delivery,” MobiTV President and Co-Founder Paul Scanlan said. MobiTV was founded in 1999.
“The recent hype in the mobile media space isn’t all that surprising given the new contenders looking to enter the marketplace some time later this year. But nothing tells an unequivocal story of success quite like a subscriber base soaring past two million and growing faster than ever before,” said Philip Alvelda, chairman and co-founder of MobiTV.