Brightcove Gets $16M, AOL Pact


Internet-video startup Brightcove scored $16 million in financing from America Online Inc., InterActiveCorp, Hearst Corp., Allen & Co., Accel Partners and General Catalyst Partners.

The Cambridge, Mass.-based company -- which is looking to make a business of distributing video content via the Web for independent producers and established media players -- also announced a content-distribution deal with AOL.

Brightcove -- which is also offering to handle ad-sales operations for video producers -- said its distribution deal with AOL will give video publishers using Brightcove the option to syndicate their content directly to ( next year. The companies said they will also market a co-branded version of Brightcove as “the self-service platform for publishing video on”

IAC chairman Barry Diller has also joined Brightcove’s board of directors.