Charlie Sheen Invests in OTT Outfit DigiDev

LOS ANGELES: Charlie Sheen has made an investment in the Digital Development Group (DigiDev), an OTT TV, technology, content acquisition and distribution outfit.

The investment will be used to help expand the company’s original programming and other content. Sheen also recently made a deal with DigiDev for the development and creation of the Charlie Sheen Cyber TV channel.

"Charlie understands the power of this new TV technology and his fertile mind has already begun to shape his upcoming channel. Old fans and new fans will see the uncensored Charlie Sheen take on the role of the ‘outspoken’ spokesperson for the new generation," said Joe Q. Bretz, the president of DigiDev. "Internet television is on fire with Bloomberg reporting that Netflix tops cable networks with 4 billion viewing hours in the past three months, and Mediapost.com forecasting that OTT (Internet TV) will hit $20 billion by 2015, which explains why in addition to Netflix, Google, and Apple, others are charging into this arena. DigiDev will continue to create new, cutting-edge programming, while increasing its channel count with an eclectic mix of compelling programming."

"Joe and his crew have built an amazing machine and I’m looking forward to the launch of my channel. My investment in DigiDev is a vote of confidence, confidence in Joe and confidence in the industry," added Sheen.