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CNN reported today that Boxee is making a move to tCommerce with a deal announced this morning it is partnering with Vindicia as a payments platform provider.collecting revenue, as it will offer content partners a range of payment options that they can use to charge end users, including pay-per-view or subscriptions. According to the blog at Boxee, the payment system will go live by the end of the summer.
This is a great step forward for Boxee, as TV-based applications could generate more than $1.7 billion in annual revenue by 2013, according to research from In-Stat that appmarket.tv reported on earlier.
More from the Boxee Blog.
A few months ago we told you we wanted to give you more access to premium content on Boxee (in addition to what’s currently free), and we wanted to give content owners new ways to offer and price content. Today we’re excited to announce we’ve taken a big step forward choosing Vindicia as our payments platform provider.
Vindicia’s CashBox solution will enable Boxee content partners to offer premium content through a wide variety of payment methods and plans, from individual pay-per-view charges to premium subscription models. Vindicia’s flexibility will enable Boxee content partners to price and package their content as they wish, whether it is premium content, content from their existing library, or extras that will never made it “on air.” Users will be able to purchase this content via credit card, gift card, or PayPal.
The unique solution, which handles currency exchanges, VAT, and GST automatically, will be available to content providers worldwide. Vindicia already powers great experiences for online gaming (Blizzard), online stores (deviantArt.com), and subscription software (Symantec) and we’re excited to be working with them to build an awesome experience on Boxee.
Lastly, while Boxee plans to make the payment platform available to content partners for Boxee’s unique TV experience, Vindicia’s flexibility also makes it possible for us to enable payments on our website and across mobile platforms like the iPhone, Android and iPad. Boxee’s eventual expansion to these platforms will pave the way for universally accessible content no matter where a user is (we love this idea!).
Boxee is Open Source and also has a Wiki for Developers.