Motorola Mobility Invests in Catch Media Joins strategic and financial investors including WME Entertainment in latest round of financing
LIBERTYVILLE, Ill. and BEVERLY HILLS, Calif., Feb. 24, 2011 /PRNewswire/ -- Motorola Mobility Holdings, Inc. (NYSE: MMI), through its strategic investment arm, Motorola Mobility Ventures, today announced a strategic investment in Catch Media Inc., the award-winning provider of a patented licensed digital rights locker platform - Play Anywhere®.
Catch Media's patented registry, tracking, routing and clearinghouse technology, together with its unique post-acquisition license, provides retailers, carriers and consumer electronics vendors the ability to offer their customers legal and convenient access to their digital content from disparate devices - smartphones, tablets, set-tops, connected TVs and other connected devices inside and outside the home.
"Instant and easy access to music and video collections from any device, any place and at any time has become a necessity for consumers," said Mony Hassid, managing director, Motorola Mobility Ventures. "Catch Media's innovative B2B platform gives consumers the ubiquitous access they crave while compensating the content owners, content distributors and every other party that contributes to the ecosystem."
"Teaming up with Motorola Mobility is very exciting for us and adds the support and expertise of a leading vendor for cellular carriers and Cable/Telco operators to the Play Anywhere® ecosystem," said Yaacov Ben-Yaacov, co-founder and CEO of Catch Media. "Motorola Mobility's support will enable our platform to be more tightly integrated across their devices."
Ari Emanuel, Co-CEO of WME Entertainment, a strategic investor in Catch Media and one of the largest and most diversified Hollywood talent agencies, said, "Catch Media stands at the forefront of digital media companies seeking to offer consumers maximum convenience while ensuring that all the stakeholders in the process, including the actors, directors and content owners, share in the revenues generated. Motorola Mobility's investment and guidance will serve as an important catalyst in the launch of Catch Media's Play Anywhere® services."
Catch Media's Play Anywhere® system was rolled out with Best Buy Europe in Q4 2010 through a service called "Music Anywhere" offered by The Carphone Warehouse in the UK, and is expected to be rolled out in the U.S. in early 2011 in cooperation with the music industry. Catch Media will continue to work closely with the content industry to offer legal media cloud services that ensure rights holders are compensated as content is consumed across disparate devices.
About Motorola Mobility Ventures
Motorola Mobility Ventures is the global, strategic equity investment arm of Motorola Mobility. Its diversified portfolio focuses on "new-idea" companies and opportunities that complement Motorola Mobility's business strategy. Motorola Mobility Ventures invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit motorola.com/ventures.
About Motorola Mobility
Motorola Mobility, Inc. (NYSE: MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
About Catch Media
Catch Media is a B2B company deploying award-winning proprietary patented technology and a suite of services that allow consumers to seamlessly and conveniently listen to and watch their music, TV and video collections and services, and share their digital media wherever and whenever they want across multiple platforms, while providing content owners and content distributors a sustainable vehicle to monetize their content on an ongoing basis.
Since its founding in 2003, Catch Media has invested in developing its patented (and patent pending) award-winning Play Anywhere® technology that registers, tracks, routes, and reconciles digital content. This provides consumers with a convenient way to listen and watch their digital content on different platforms where and when they want, while guaranteeing content owners (studios, labels, producers, writers, artists and composers), telecom carriers, subscriber-TV operators and retailers compensation on an ongoing basis as the content is transmitted and consumed.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. All other product names are the property of their respective owners. © 2011 Motorola Mobility, Inc. All rights reserved.
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