With furthering entertainment in mind, Comcast has completed a $10 million investment in SeaChange.
"Movies-on-demand is the initial strategic catalyst for both parties in this relationship. However, Comcast's commitment to SeaChange will be leveraged in research and development to provide returns with the SeaChange ITV System. The platform will open the door to numerous promising applications of interactive television and video streaming," Ed Delaney, vice president of marketing and business development at SeaChange, tells CEDaily. "Comcast is formidable in its exploration and deployment of digital cable services. Now, in collaboration with SeaChange, Comcast is further ensuring its future ability to deliver robust high-quality interactive services to subscribers."
The strategic partnership was first publicly announced on December 5, 2000.