Digital Video Consolidation: Avail-TVN Picks Up $100M From Carlyle, Buys UK?s On Demand Group For $27M

A double-whammy in the digital video space today: Avail-TVN, a video services provider that works with companies like NBC, Univision, and brands like Mattel, has announced that it has picked up $100 million in financing led by the Carlyle Group, and it is using those funds to make an acquisition outside of the U.S., buying rival video service provider On Demand Group in the UK from its existing owner, SeaChange International, for $27 million. Avail-TVN says that the deal will make it the largest provider of digital video services in the world. Carlyle is leading the round that also includes existing investors?Columbia Capital, Valhalla?Partners, Novak Biddle and Pioneer Ventures. With the round of financing Carlyle, which already has an extensive amount of holdings in the media industry, becomes Avail-TVN's largest investor. Avail-TVN will also use the funds for product development and for wider international expansion targeting?content providers and multichannel video service providers.

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