[April 19, 2012] Internet Broadcasting Finalizes Series A Round in Order to Roll out Disruptive Service Tweet Apr 19, 2012 (Close-Up Media via COMTEX) -- Internet protocol television (IPTV) provider Internet Broadcasting Corp. (IBC) has closed its Series A equity financing. The round was led by Washington DC area angel investors and the company's existing investor Silver Stone Capital came in as a co-investor. According to a release, this financing will help fund the roll out of Vibble TV, the company's initial offering that focuses on the three million plus South Asians in the United States. Vibble TV's offering already includes Indian television content provider ZEE TV and 60 other channels. In addition, Vibble TV offers to its subscribers over 500 Bollywood movies and the entire library of Amar Chitra Katha animated Indian fables through video on demand. "We are excited to have the support of our new investors as we bring television viewing to the 21st century," said Suresh Kadagala, the CEO and founder of IBC. "Our goal is to create the world's leading IPTV company and our investors share our vision and passion." Vibble TV also plans to roll out service to other ethnic markets later in the year. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]