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Disney fund invests in EdgeCast


December 10, 2007 Steamboat Ventures, an investment firm of Disney, is set to announce Monday that it has acquired an interest in EdgeCast, an Internet delivery network that competes with industry leader Akamai Technologies. EdgeCast previously raised $4 million from such entertainment industry executives as Lionsgate CEO Jon Feltheimer and CinemaNow chairman Mark Amin. SteamBoat has invested $6 million in EdgeCast, claiming that its technology is cheaper than that offered by Akamai, a $6.5 billion company, as well as others in the content distribution networks business, including Limelight Networks and Internap.

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