Schaumburg, IL ? March 27, 2007 ? Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm, today announced that it has made an equity investment in GoTV Networks, a leading made-for-mobile television provider. Terms of the investment were not disclosed.
GoTV Networks is the first made-for-mobile television network and studio group, which applies an on-demand model to allow consumers to select and watch up-to-the-minute news, sports, entertainment and other compelling content.
?We are committed to enabling the best mobile video entertainment experiences for consumers around the globe and our investment in GoTV further reinforces this,? said Reese Schroeder, managing director, Motorola Ventures. ?As demand for mobile television grows, Motorola is teaming up with innovative companies like GoTV to deliver the next-generation of ?must-have? services to our handsets.?
"We?re excited to have a strategic investment from one of the largest providers of wireless technology," said David Bluhm, CEO of GoTV Networks. "The investment by Motorola not only supports our position in the marketplace, but also further enforces our current strategy, execution and overall business plan."