TVN Entertainment completed a merger with Avail Media to create one of the largest independent distributors of on-demand programming. The merger gives content owners access to more than 120 million consumers through more than 230 providers. TVN has offices in Sherman Oaks and Burbank. Columbia Capital, the National Rural Telecommunications Cooperative, Novak Biddle Venture Partners, Pioneer Ventures and Valhalla Partners invested in the merger. “With our combined product and service portfolio, we are able to deliver the most attractive and profitable video services today as well as the foundation to extend these services to new devices and networks tomorrow,” said Ramu Potarazu, the CEO of the newly re-named Avail-TVN.
TVN Completes Merger