REDWOOD CITY, Calif., Feb. 26 /PRNewswire/ -- ViDeOnline Communications, Ltd. (VDO), a premier digital media networking company, aggregating premium quality content over its O8 Media platform, to carriers, Internet Service Providers, IPTV and Digital TV providers as well as mobile carriers throughout Asia, today announced that it closed on its $12 million in funding led by Intel Capital, the venture investment arm of Intel Corporation.
"ViDeOnline is uniquely positioned in aggregating licensed media content with its patented O8 Media security network in the Asia market through major carriers and service providers," said Dr. Priscilla M. Lu, Founder, Chairman and CEO of ViDeOnline Communications Inc. "We are very pleased to have Intel Capital Corporation who has significant presence in the Asia market, especially China, to be one of our key investors."
"ViDeOnline sees a huge opportunity to become the industry leader in digital media distribution in Asia by offering to carriers, licensed premium quality content from leading Hollywood and Asia studios as well as music from major record labels to local carriers, Internet service providers and IPTV companies," asserts Dr. Lu. As one of the providers of licensed Hollywood content for Digital Media Distribution in China, ViDeOnline sees tremendous potential in offering compelling licensed content at competitive prices in a market plagued with piracy. Over the past two years, ViDeOnline has been working with local authorities in China to address how international quality content, compliant with China's regulations for censorship and media licenses can be offered legally over an IP digital network. Through joint partnerships with government entities, ViDeOnline will enter the China market with licensed, censor approved content for delivery to consumers through carriers and local IPTV or Digital TV and Internet service providers.
About ViDeOnline Communications Ltd
ViDeOnline Communications, Ltd aggregates digital media content for distribution over its secured O8 Media network to Internet Service Providers, broadband carriers, IPTV and Digital TV providers and mobile phone carriers. ViDeOnline's initial market focus is Asia, specifically China. The Company secures the content by enhancing industry standard Digital Rights Management technologies for delivery to PCs, set top boxes, mobile phones and DRM supported portable players. Its full end to end network capabilities include content management with a full suite of ingestion tools for a wide range of consumer viewing devices, content security management with industry approved DRM and watermarking, subscriber management with billing and real time transaction record reporting, as well as network management to monitor server and network congestion, transaction integrity and content flow. As one the technology pioneers in this digital media network space in Asia, ViDeOnline is able to secure licenses for distribution of major Hollywood studio content, as well as music from the major record labels, and is uniquely positioned to becoming one of the leading providers of digital media content in Asia.
NOTE: ViDeOnline Communications Ltd., and O8Media and/or the logos and icons associated with each of these names are trademarks of ViDeOnline Communications, Inc. and may be registered in certain jurisdictions. All other trademarks are the property of their respective owners.
ViDeOnline Communications Ltd
CONTACT: Eric J. Kmiec, Vice President of Marketing and Product Development of ViDeOnline Communications, info@videonline.com
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