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Turner snaps up simulcast specialist iStreamPlanet

Turner snaps up simulcast specialist iStreamPlanet

Turner snaps up simulcast specialist iStreamPlanet

Time Warner-owned subsidiary Turner has acquired a majority stake in iStreamPlanet, a provider of large-scale, live event streaming, simulcasts and multiplatform solutions.

Turner will leverage iStreamPlanet’s technology to deliver its OTT programming, shift its core technology infrastructure to the cloud and develop new products and services for existing and new businesses.

“Turner is a media powerhouse with tremendous reach via their entertainment and live sports programming, and strong relationships with advertisers,” comments Mio Babic, CEO and founder of iStreamPlanet. “They have been a recognized innovator in the media industry, breaking ground first in cable and then in TV Everywhere.”

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