Vonetize, an Israeli startup that develops TV streaming tech, has been acquired by US TV and film studio Desilu for an undisclosed amount.
Desilu, which is best known for producing the original Star Trek TV series, announced today that it has taken a controlling stake in the company, which is publicly listed on the Tel Aviv Stock Exchange.
Vonetize develops streaming and digital content delivery solutions, reaching roughly 10 million users, and has partnerships with Disney, Sony, Universal, LG, and Samsung. It previously raised more than $5 million in VC funding and acquired Israeli adtech startup Takoomi.
The streaming startup will now work with Desilu’s LA-based tech division to integrate the Israeli company’s streaming and digital commerce technology. Desilu recently announced that it was developing a remake of the V TV series from the ‘80s.
“It has been my vision from day one to deliver our content direct to consumers via streaming or any other emerging and disruptive technologies,” said Charles Hensley, CEO of Desilu.
“This acquisition will revolutionize a new breed of advanced content branding with uncompromising quality, experience and global reach,” commented Noam Josephides, chairman of Vonetize.
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