Technology

Cloud based television services company Magine gets $19mn funding

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/10/21/magine.jpg?itok=9-bRpcE-

 BENGALURU: Magine, a Swedish cloud-based television operator, announced today that it has obtained an additional round of funding to the extent of $19mn that will enable it to expand the supply of its recently launched service of television content online (OTT).

Michael Werner, Matthias Hjelmstedt, Erik Wikstrom, Xavier Ritort and Hakan Tranvik, founders of Magine, obtained the funds through an agreement with a group of Swedish and international investors.

The funding will help Magine to accelerate significantly the time for the implementation of the platform at the international level. Within a few a few months the service will expand from Sweden and will be launched soon in its key television markets of Germany and Spain. It will be available for users across at least five other markets before the end of the year says Magine.

Magine president Michael Werner says "Magine is not just another television platform, but a whole new way to access and enjoy content. It is a service that requires a subscription and has been designed to make people return to following television programs. Because of this, broadcasters and content providers are very likely to use it. Magine helps them to create new forms of monetization while respecting the system of existing copyrights. Our investors realized immediately the extraordinary potential for discovery of content and social interactions available to users, and the service's ability to generate new revenue streams."

In Sweden, Magine hosts some of the most famous brands and channels in the world. These includr Discovery, CNN International, BBC, Eurosport, National Geographic, Nickelodeon and Cartoon Network, in addition to the national broadcasters SVT and TV4. The company has also initiated talks with numerous media and international groups engaged in the entertainment industry, and expect further announcements in this regard later this month.

Last April, Magine was presented to the international television and community members for content production during MIPTV (International market of television), one of the major international events in Europe dedicated to the entertainment industry. The presentation of the service has been hailed as the highlight of the event by commentators, journalists and leading figures in the industry.

Magine is the new television. It is not a new device to follow television programs, but a service that offers absolute freedom to follow live TV, pause or resume viewing at a later time for all channels and all devices at any time, in compliance with the existing copyright. It offers high speed, excellent quality and images protected by DRM (Digital Rights Management, Digital Rights Management) through any type of Internet connection available. It is currently available on Apple devices and the Samsung smart TVs. Soon it will be possible to use the service on other television platforms and tablets with Android operating system.

Also read:

Mipcom unveils keynote line-up reflecting the new golden age of television

MipTV: growing stronger in 50th year; India registers increased presence

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/04/sanjeev.jpg?itok=jSKv0oLN
Pune Times joins hands with the Pune Police to launch the 'City Safe' app, as part of #MakeMyCitySafe initiative

Pune Times, city supplement of leading media house, The Times of India, has joined hands with Pune Police to support an initiative for women’s safety in the city. Pune Times has launched its campaign #MakeMyCitySafe as a big shout out to the youth of Pune to come together to make the city safer...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/06/Navanit-Samaiyar_0.jpg?itok=fQLjKjss
HAL Robotics ropes in Navanit Samaiyar as board member and advisor

MUMBAI: HAL Robotics has roped in Navanit Samaiyar as its board member and advisor. Samaiyar has a record of setting up, scaling and transforming businesses across a very wide cross section of industries spanning from IT/ ITeS to steel, telecom, engineering goods, earthmoving machinery, logistics...

Technology Hardware Components
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/07/Arnab-Goswami.jpg?itok=VUCIzU8A
Republic TV launches Android app

MUMBAI: Republic TV is on a roll. From rocking the ratings chart in launch week itself to going international, the channel has added one more accomplishment to its kitty. The Republic TV Android app is now live.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/11/STB.jpg?itok=WsiaUBr8
STB cos in India, China enhancing features, providing customised solutions, Technavio enlists top vendors

MUMBAI: The global STB market is characterised by intense competition as the market is saturated in developed countries. The market share of these players is declining because of the entry of new players. The STB companies are enhancing the features of STBs and providing customised solutions to...

Technology Hardware Set-top Boxes
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/09/PFT.jpg?itok=VJugic3c
India's PFT Clear Media ERP suite to help US' PBS content delivery

MUMBAI: Prime Focus Technologies (PFT), the technology arm of Prime Focus, announced that its CLEAR™ Media ERP Suite has been selected by Public Broadcasting Service (PBS) to enhance their Network Operations Center (NOC) ecosystem efficiencies and sustainability, with the objective of reducing...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/09/JosephSiino.jpg?itok=doyka7Tg
Broadcasters, OTTs to gain as Via adds xHE-AAC at special rate

MUMBAI: Via Licensing Corporation, a intellectual property solutions provider, has announced the upcoming availability of Extended High Efficiency AAC (xHE-AAC) as part of the Advanced Audio Coding (AAC) patent pool. The expanded patent pool licence will be available at no additional cost to...

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/Brian_Morris-Colin_Smith.jpg?itok=xVBB0KbV
Tata Comm to deliver Motorsport videos on global devices

MUMBAI: Tata Communications will now deliver video content for Motorsport.tv viewers' all devices over its global network. The two have partnered to power the growth of the network’s internet television platforms.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/ChyronHego_0.jpg?itok=qWRkJ4jh
How to create live video content sans pros, convert radio broadcast into visual show

MUMBAI: ChyronHego will be showcasing its live production, automation solutions at Broadcast India show in Mumbai in mid-October.

Technology Software Applications
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/03/Arvin%20patel%20tivo.jpg?itok=Ieo7eXfw
Sony renews IP licence deal with TiVo

MUMBAI: TiVo Corporation, a leader in entertainment technology and audience insights, has announced that Sony Corporation, a leader in consumer electronics, has renewed its multi-year intellectual property (IP) licence agreement. The license to TiVo’s patent portfolios covers all of Sony’s...

Technology Software Applications

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories