iStreamPlanet

The firm specialized in processing and delivering live video broadcasts for major media and technology brands. Its business model revolved around providing cloud-based, end-to-end video workflow solutions for live events and linear streaming channels. Key clients included prominent names like NBC Sports, Turner Broadcasting, Fox, Microsoft, and AT&T. iStreamPlanet powered the online streaming for numerous high-profile sporting events, including the Olympics, the Super Bowl, the FIFA World Cup, and the NCAA Division I men's basketball tournament. The company's main offerings were the Aventus Media Processing Suite and the Orbis Direct-to-Consumer Platform, which handled services like video transcoding, content management, and dynamic ad insertion.

In August 2015, Turner Broadcasting System acquired a majority stake in iStreamPlanet, reportedly for around $200 million, to bolster its over-the-top (OTT) programming and transition its infrastructure to the cloud. Despite the acquisition, iStreamPlanet continued to operate as a standalone entity, serving both Turner and third-party clients. The company had raised a total of $17 million in funding over three rounds from investors including Intel Capital, Juniper Networks, and QuestMark Partners before the acquisition. Ultimately, as part of cost-cutting measures, Warner Bros. Discovery, the final parent company, shut down iStreamPlanet on August 14, 2023, laying off the remaining employees. Keywords: live video streaming, OTT solutions, video workflow, media processing, direct-to-consumer platform, live event streaming, Turner Broadcasting, Mio Babic, Aventus, Orbis, video transcoding, multiplatform video, streaming media, digital rights management, cloud-based video, live linear streaming, sports streaming, Warner Bros. Discovery, video on demand, content delivery network