Verizon Acquires Streaming Video Startup UpLynk
Verizon has acquired a startup called UpLynk. UpLynk is a startup that makes video streaming easier. UpLynk is a software company that helps programmers and pay TV providers with “TV Everywhere” strategies.
TV Everywhere allows people to watch any show that they want on almost any device assuming they are paid TV subscribers. UpLynk has been closely partnered with Disney in this initiative.
UpLynk’s encoding software helps power the Watch Disney and ABC Player apps along with the Watch ABC app. The purchase price is believed to be worth over $75 million. UpLynk launched at the beginning of the year and was self-funded.