SeaChange Sells On Demand Group to Avail-TVN

SeaChange International (NASDAQ:SEAC) announced that it has sold its media services company, On Demand Group, to Avail-TVN for $27 million on a cash-free, debt-free basis. U.K.-based On Demand Group, specializing in content aggregation and management of VOD services, becomes part of Avail-TVN effective immediately.
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