EchoStar Buys Move Networks

ENGLEWOOD: After having put itself up for sale six months ago, the movie-streaming service Move Networks has been acquired by EchoStar Advanced Technologies.

EchoStar, which spun off from satellite provider DISH Network three years ago, develops and distributes set-top boxes and other advanced TV technologies. The company has now bought the streaming technology and customer contracts of Move Networks, a venture-backed developer of high-definition streaming technology for Internet video. The terms of the deal have not been disclosed.

"We’re pleased to bring aboard the talents and proficiencies in adaptive streaming and IPTV from Move Networks which will enable us to expand our portfolio of advanced television technologies serving cable, satellite, telcos and IPTV video providers," said Mike Dugan, the president and CEO of EchoStar Corporation.

"TV providers are increasingly demanding the highest quality video delivery over normal Internet connections, and Move Network’s patent portfolio and proven customer experience allow us to give clients the core technology necessary to stream live and video-on-demand content," added Roger Lynch, the executive VP of EchoStar Advanced Technologies.

"We’re excited to join forces with EchoStar, a pioneer in the field of advanced television technologies," commented Drew Major, the inventor of adaptive streaming and founder of Move Networks. "We first introduced our products in 2006 and quickly proved that adaptive streaming was the breakthrough invention that proved prime-time television programming and professional long-form video can be reliably delivered over the Internet at the high-resolution quality that is intended. We look forward to the joint efforts of Move and EchoStar engineers in furthering technology innovation in online video delivery worldwide."