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"AmeriTV, a New York based Internet TV service, has raised $45 million in venture capital funding. European investment banking company First Mutual Credit led the round with VC company G Trade Securities, and three other parties also invested. Each party invested in a minority percentage of the company, and AmeriTV will use the money to accelerate product development, expansion, localization and the quality and offerings of its service in general. \nHD AmeriTV enables an interactive television experience, providing copyright protection for content owners. The concept sounds similar to Joost on paper - P2P architecture for downloading and high quality, ad-supported video content which is free to view. AmeriTV calls itself the world's first broadcast-quality Internet TV service, but it's unclear whether by \"broadcast-quality\" they mean image quality or something else. As far as I know, Joost is not there yet as far as image quality goes but it has the technology to up the bitrate quite a bit. \nIn any case, this is quite a big round of funding for a company that has been flying under the radar so far (actually, exactly the same as Joost funding); it will be interesting to see what they have in store. \n[via PEHub]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/11/12/ameritv-45-million-funding/>