As it heads toward its IPO, digital video recording company ReplayTV is expected to announce today that the company has landed an additional $84.9 million in investments from numerous media, cable and consumer electronics companies, among others.
The companies that were listed in recent public stock offering registration filings include News Corp.; Seagram Co.; Sega Enterprises; Paul Allen’s Vulcan Ventures; direct broadcast satellite company EchoStar Communications; cablers Adelphia Communications and Comcast Corp.; high-speed cable modem service Excite@Home; and consumer electronics and set-top box manufacturers Scientific-Atlanta, Sharp Electronics and Matsushita Kotobuki Electronics Industries.
The investments by these companies and Shaw Communications, Rogers Communications, Grey Advertising, the Interpublic Group of Companies, the Broadband Communications Sector of Motorola and Omnicom Group were made in separate closings involving two series of preferred stock.
Replay, which will introduce its first players in the retail market in the coming weeks from Matsushita’s Panasonic brand, received $57 million in investments from major media companies last August including Time Warner, the Walt Disney Co., NBC, Tribune, Liberty Media Group and Showtime Networks.
Matsushita Kotobuki Electronics was also a part of that round of investment in the company that will compete with TiVo and WebTV in delivering a set-top box device that offers VCR-like control of live TV programming and automatic recording, storage and even downloading of favorite programming.
Disney, NBC and Showtime are among the companies that have multimillion-dollar minority stakes in TiVo.
Other investors in TiVo include Sony, Philips Electronics, DirecTV, CBS, Cox Communications, Discovery Communications, Starz Encore Group, Viacom, HBO, Newhouse Publishing, TV Guide Interactive, AOL, Liberate Technologies and British Sky Broadcasting.
Mountain View, Calif.-based Replay announced earlier this month that it plans to sell 8.5 million common shares at $13-$15 a share in its initial public offering in hopes of generating about $109.6 million.
TiVo raised about $88 million in its first day of trading last October.