ATLANTA – 2080 Media has raised $3 million in a round led by Imlay Investments with Noro-Mosely Partners, both Atlanta-based, participating, according to the Atlanta Business Chronicle.

The company sells technology to produce and distribute “TV-like” live events at a fraction the cost of traditional broadcast media or cable.

Its technology is based on a spinout from Turner Broadcasting, PlayOn Sports, which it acquired. The funding will help pay for the acquisition.

On the Web: www.playonmedia.com

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