UK iTV Platform Miniweb Gets Big $32 Million Funding

Miniweb, a British interactive TV platform spun out of BSkyB (NYSE: BSY), has announced a massive $32 million (£18.35 million) venture round from US investors to take its product offerings international. Funding comes from Meritage Funds in Denver, Colorado and DeGeorge Holdings III, Nevada. Middlesex-based Miniweb targets iTV advertisers who want to go beyond the walled garden offered by digital satellite’s red button, instead offering them TV Sites, more internet-like websites built using WTVHTML, on broadband-capable set-top boxes. It’s a variant of HTML and so, the theory goes, wraps the cost of developing an iTV presence in to existing web production budgets. More details on PCUK here.