Online Video Company Receives Financing

SALT LAKE CITY, February 7: Move Networks, which facilitates
the provision of long-form video over the Internet, has received $11.3 million
in first-round venture capital funding.

This funding round, led by Hummer Winblad Venture Partners,
will be used to expand Move's customer base and develop new functionality for
the Move Networks server and clients. Move Networks clients already include Fox
Networks, E! Online's GlamCam, The CW and Televisa. "Until now, there has
been no way to scale quality long form video distribution over the Internet for
millions of users at once—this has prevented major networks from building
large, viable revenue streams online," said Doug Hickey, a partner at
Hummer Winblad. "Move's traction in this space is a direct result of
technology that is completely changing the way people consume, and producers
deliver, long form video content over the Internet."

"We have the right team in place developing this
game-changing technology," added John Edwards, the CEO of Move Networks.
"With our new partners, Move Networks is primed to become the de-facto
publishing partner for long form continuous play video distributed on the
Internet. Our goal is to usher in a new era where long-form, high quality
content combines prime time broadcast CPMs and Internet per click, per stream
analytics."