Catch Media Inc., a Beverly Hills, CA-based provider of a patented licensed digital rights locker platform called Play Anywhere®, received a strategic financing from Motorola Mobility Holdings, Inc. (NYSE: MMI), through its investment arm, Motorola Mobility Ventures.
As also stated by Yaacov Ben-Yaacov, co-founder and CEO of Catch Media, Motorola Mobility’s support will enable the company’s platform to be more tightly integrated across their devices.
Catch Media’s patented registry, tracking, routing and clearinghouse technology, together with its post-acquisition license, provides retailers, carriers and consumer electronics vendors with the ability to offer their customers legal access to their digital content from disparate devices – smartphones, tablets, set-tops, connected TVs and other connected devices inside and outside the home.
Play Anywhere® system was rolled out with Best Buy Europe in Q4 2010 through a service called “Music Anywhere” offered by The Carphone Warehouse in the UK, and is expected to be rolled out in the U.S. in early 2011 in cooperation with the music industry.
Founded in 2003, the company has created a system that is designed to allow consumers to listen to and watch their music, TV and video collections and services, and share their digital media across multiple platforms, while providing content owners and content distributors a sustainable vehicle to monetize their content on an ongoing basis.