News

SeaChange, ON Demand Reach Pact

11/04/2002 5:50 AM Eastern

SeaChange International Inc. has signed a deal with ON Demand, a European
transactional-television-management company, to pitch SeaChange systems and
software to European cable operators.

SeaChange said it will invest $2.2 million in the company, with an option to
invest another nearly $10 million in the video-on-demand providers.

ON Demand supplies Front Row Television's 2 million digital customers with
near-VOD services. ON Demand also launched PPV service Mirador to 11 Spanish
cable companies.

In other VOD news, The Yankee Group is predicting that cable VOD revenue will
hit $2.8 billion by 2006.

And Concurrent Computer Corp. said Time Warner Cable is using its servers in
its Columbus, Ohio, VOD deployment.

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