Turner takes majority stake in iStreamPlanet

Turner Broadcasting has taken a majority stake in live video streaming platform, iStreamPlanet.
August 17, 2015

Turner Broadcasting has taken a majority stake in live video streaming platform, iStreamPlanet.

According to Turner, the company is to use iStreamPlanet technology to deliver OTT programming and shift “core technology infrastructure” to the cloud. The deal will also see the development of products and services for Turner’s new and existing businesses. Terms of the deal have not yet been disclosed.

Founded in 2000, the Las Vegas-headquartered iStreamPlanet provides live video streaming services on multiple screens through a cloud- and software-based streaming platform. Its clients include NBC Sports, Fox, AT&T and Microsoft.

According to Turner, the company’s technological requirements – including live news, simulcast networks, VoD and multi-platform specific content – are also set to “enhance iStreamPlanet’s commercial offering.”

Under the deal, iStreamPlanet will continue to operate as an independent company and make deals with third-party clients.

“We’ve worked with iStreamPlanet in the past during the PGA Championship and they have also delivered world-class events such as the Super Bowl and Olympics to millions of viewers,” said Turner chairman and CEO John Martin in a statement. “This partnership will expand our capabilities to offer live events within and outside of the traditional ecosystem and, by bringing iStreamPlanet’s innovative technology in-house, allow us to cultivate future business opportunities on digital platforms.”

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.