MobiTV Files for $75 Million IPO

Unprofitable mobile video provider's customers include AT&T, Verizon Wireless, Sprint
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Mobile-video provider MobiTV, which cites Comcast, Apple, Hulu and Netflix as among its current and potential competitors, hopes to raise up to $75 million through an initial public offering.

The Emeryville, Calif.-based company delivers more than 220 channels of video -- including 75 live channels -- across mobile devices, tablets, personal computers and other Internet-enabled consumer electronics.

MobiTV said video content aggregators such as Amazon, Hulu and Netflix indirectly compete with it in the mobile space, while pay-TV providers such as Comcast and DirecTV also offer competitive services. It also noted that Apple, Google and Microsoft may seek to expand into mobile video, according to MobiTV's S-1 filing Wednesday with the Securities and Exchange Commission.

Click here to read the full story at Multichannel.com.

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