Block Communications Acquires Zone·tv

Block Communications has acquired the intellectual property and assets of the fast-growing video streaming service Zone·tv from its current owner, ES3.

The transaction will help fuel Zone·tv’s growth strategy. It also secures a foothold in the video streaming industry for Block.

Zone·tv is free to viewers and does not require any specialized hardware or device. The ad-supported streaming service does not interrupt movies during the showing. Its consumer-focused approach also addresses movie rights owners need for monetization through greater ad fill and higher CPM’s driven by the premium experience it provides to consumers. Zone·tv offers consumers a personalized experience by allowing viewers to identify and request content they prefer with the click of a button.

With this acquisition, BCI demonstrates our commitment to a new era of video via streaming television technology,” said Allan Block, chairman and CEO of Block Communications.

“BCI’s investment is a strong endorsement of the innovative, independent service we’re building,” said Jeff Weber, CEO of Zone·tv. “This investment will allow Zone·tv to aggressively pursue opportunities to attract more customers, studios and compelling new content.”

“We believe in the model Zone·tv has created,” said Jodi Miehls, president of Block Communications. “Streaming’s place in the TV business is only going to become more powerful, and Zone·tv will ensure that BCI is on the leading edge of this exciting phase nationally.”

Weber, a 30-year television industry veteran who was a leader on the team that launched AT&T’s U-verse service, will continue to run Zone·tv under the new ownership. BCI will retain all Zone·tv employees and will further invest in product, content and marketing.

“With BCI’s support, we will attract more active users, cultivate new partnerships and expand our offerings,” said Weber. “The future is bright for Zone·tv and BCI.”