Comcast Backs SeaChange12/17/2000 07:00:00 PM Eastern
Comcast has made a $10 million equity investment in video-server manufacturer SeaChange International to support the development of streaming-media and interactive-TV technology. The Philadelphia-based MSO has also signed a four-year master purchase agreement for SeaChange's video-on-demand hardware and software. Comcast is already testing VOD systems from Billerica, Mass.-based SeaChange in two undisclosed markets, and the investment and equipment deal "is a culmination of those discussions," says Ed Delaney, SeaChange vice president of marketing and business development. The Comcast investment is the first of its kind for SeaChange, which is also testing VOD systems with Time Warner Cable and Cablevision.