Broadband Briefs for 5/22/08
• Brightcove forms Japanese subsidiary Brightcove KK
By Traci Patterson
Brightcove, a global Internet TV platform, has formed a majority-owned Japanese subsidiary, Brightcove KK. The new subsidiary is backed by $4.9 million in new investment from Brightcove and four Japanese strategic partners: Dentsu, J-Stream, transcosmos and Cyber Communications Inc. (CCI).
Three of the investment partners – Dentsu, J-Stream and CCI, along with Brightcove – will be sales agents for Brightcove KK in Japan.
Headquartered in Tokyo, Brightcove KK will operate a localized version of Brightcove's on-demand Internet TV platform, which is currently used by media companies and marketers across North America and Europe.
More Broadband Direct: