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EchoStar, Liberty invest in Sling Media

Tue, 02/28/2006 - 7:00pm
Staff

The concept of "place-shifting" got a big vote of confidence after EchoStar Communications, Liberty Media Corp. and Goldman Sachs & Co. led a $46.6 million round of funding for Sling Media Inc., the maker of the Slingbox.

Sling Media has raised $58.1 million to date, having secured $11.5 million in the fall of 2004.

Sling Media made its splash at the 2005 Consumer Electronics Show, introducing a box that allows users to watch their home television anywhere in the world via an Internet-connected PC. The device uses the so-called "analog hole" to redistribute the signal over the Internet. At the 2006 CES, Sling announced plans for an application that leverages mobile devices such as the Palm Treo 700w.

"It is refreshing to work with such established players who continue to push for new ways to delight and empower the consumer. In summary, we are stoked," said Sling Media Co-founder and CEO Blake Krikorian.

Among Sling Media's most recent investors, EchoStar has embraced the concept of mobility, having launched the PocketDISH, a portable media center that can store programming originally recorded on an EchoStar-supplied satellite receiver/DVR.

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