Tuesday, October 20, 2009

PlayNetwork Buys Channel M

Redmond-based PlayNetwork, a provider of media and content for retail businesses, said today that it has acquired Channel M, a Los Angeles based developer of content for in-store TV networks. Financial terms of the buy were not disclosed. Both firms develops entertainment and video for those ubiquitous, in-store TV displays. PlayNetwork said the deal is being supported by Chartwell Capital Management, Talon Asset Management, Joshua Green Corporation, as well as new investment from Vintage Fund Management, Ascend Venture Group, and Intel Capital.