MobiTV, a media content-streaming provider largely focused on the distribution of television programs to mobile devices, filed on Wednesday with the SEC to raise up to $75 million in an IPO. While the company currently stands as the premier national provider of mobile live television, it also licenses on-demand content from major television studios, including ABC, CBS, Disney, and Fox, for viewers' satisfaction. MobiTV's main customers include US wireless providers AT&T, Verizon, Sprint, and T-Mobile and its service is currently equipped for use on over 375 different types of mobile apparatus.
The Emeryville, CA-based company, which was founded in 2000 and booked $72 million in revenues for the 12 months ended June 30, 2011, plans to eventually list under the symbol MBTV. With considerable funding from venture capital firms Redpoint Ventures, Menlo Ventures, and Oak Investment Partners, MobiTV joins the recent wave of VC-backed companies to file with the SEC. J.P Morgan and Deutsche Bank are set to be the lead underwriters on the deal. No pricing terms were disclosed.
