Frequency Closes $11 million Financing with Liberty Global, YOU On Demand and Oakmont Corporation

SAN FRANCISCO--(BUSINESS WIRE)--

The TV of Tomorrow Show 2016 -- Frequency, the leading internet video service for television, mobile and over-the-top operators, announced today the close of an $11 million equity financing that includes Liberty Global, YOU On Demand YOD and Oakmont Corporation. The funds will be used to fuel growth, including international distribution, and the ongoing development of the company's intelligent video distribution platform.

"This is a phenomenal time to be in the online video business," said Blair Harrison, CEO of Frequency. "This financing lets us accelerate our growth and expand the reach of our platform for both content providers and operators, globally. We're delighted to be in business with this great combination of financial and strategic partners to help us drive that growth."

Frequency provides end-to-end internet video services to over 100 million subscribers for TV, mobile and over-the-top operators around the world. Frequency also provides distribution services for over 120 content providers, including the world's leading Multi-Channel, TV and digital video networks.

YOU On Demand Holdings, Inc. is a premium content Video On Demand service provider in China evolving into a global, mobile-driven, consumer management platform for both enterprises and consumers.

"Frequency's infrastructure and distribution platform is proven, turnkey and world-class," said Bruno Wu, Chairman of YOD. "Together, we will be able to dramatically accelerate our multi-channel plans across the world, moving from an existing user base of several million to an addressable user base of several hundred million globally by the end of 2016."

Liberty Global Ventures is a global investment fund owned by Liberty Global, the largest international TV and broadband company, with operations in more than 30 countries across Europe, Latin America and the Caribbean. Their existing portfolio consists of companies in the content, technology, internet and distribution space. In addition to the investment, Inge Smidts, Chief Marketing Officer at Liberty Global, will join Frequency's board of directors.

Inge Smidts commented, "At Liberty Global we invest, innovate and empower people to make the most of the digital revolution. We're looking forward to a mutually rewarding relationship, providing advice and guidance to help Frequency grow and at the same time gaining fresh insights from working with a company right at the cutting-edge of online video technology."

Oakmont Corporation is a family office that manages capital on behalf of a group of close investors. The firm invests opportunistically and thematically, with both listed and illiquid strategies. Oakmont is based in Los Angeles, California.

Frequency is a cloud-based internet video service that aggregates and distributes video from the world's top providers, including the leading TV, Multi-Channel and digital networks, as well as from individual creators. TV, mobile and over-the-top operators use Frequency to deliver a complete internet video service to their subscribers. With one simple integration, operators have access to Frequency's comprehensive portfolio of content, and a fully featured video platform, including real time personalization. Frequency is now powering next-generation consumer video experiences for operators on set-top boxes, mobile devices and the web.

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