Internet TV Platform Provider PermissionTV Gets $9 Million Investment
PermissionTV, the self described "Internet TV technology platform provider" announced today that it had received $9 million in funding from Castile Ventures and Point Judith Capital. Both are new investors in the company joining the other six investments firms who have already invested in PermissionTV. The press release also says the company has signed over 30 new customers in the past year.
PermissionTV falls in the category of other companies like Narrowstep and Maven Networks that allow companies a platform by which they can create branded Internet TV channels and monetize the traffic via ad supported content, subscription based and various other means. There are a lot of players in the Internet TV platform space, whatever that means, but quite frankly, I can’t really tell the differences between most of them. They all seem to focus on professional content, nothing user generated related, and sell the platform as more of an ASP model. The suite of features and functionality they have is all pretty similar but does vary from one provider to another.
For me, it all boils down to what exactly is defined by the term "Internet TV"?