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ICTV garners $87M investment

By BroadCasting & Cable Staff -- Broadcasting & Cable, 6/25/2000 8:00:00 PM

ICTV has announced an $87 million investment by a number of companies, including ACTV, Adelphia, Liberty Digital, Motorola, Open TV, Shaw Communications and TV Guide. Lauder Partners, an early-stage investor, also increased its investment.

"The ICTV system can deliver a compelling array of new interactive services to virtually all of an MSO's digital households," says Adelphia CFO Jim Brown. "Its centralized approach offers a combination of advanced content delivery power, limited capital outlays and a low-cost approach to technology migration. And its open systems approach is a real plus for MSOs that seek flexibility in their broadband architecture."

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