Internet TV infrastructure provider, Brightcove announced today it has acquired Seattle-based MetaStories, expanding the rich-media publishing capabilities Brightcove will offer independent producers and media companies through its Internet TV service.

MetaStories has been a provider of rich-media publishing solutions, used by a wide variety of top-tier media companies including Yahoo!, MSN, USATODAY.com, Discovery Networks, National Geographic, and Scripps Networks. These companies leverage MetaStories tools to produce innovative rich-media, video, and interactive content that ranges from Kevin Sites' breakthrough Hot Zone on Yahoo! to Scripps Networks pioneering delivery of narrowcast broadband channels.

"Internet TV is fundamentally about delivering video programming through interactive, rich-media experiences that go well beyond what traditional broadcast and cable TV has offered," said Jeremy Allaire, founder and chief executive officer of Brightcove. "MetaStories' rich-media publishing tools complement the Brightcove Internet TV service and significantly expand our ability to meet the broadband publishing and distribution needs of media companies." 

The Brightcove Internet TV service allows content owners to simply and easily harness the power of the Internet to distribute content and build broadband businesses. Brightcove is already working with a wide variety of media companies including cutting-edge small production companies such as Barrio 305 in Miami, established cable networks such as Oxygen, global news networks such as Reuters, and diversified media companies such as the New York Times Company.

MetaStories main product, StoryMaker, is a rich-media publishing tool for producing interactive Flash content. StoryMaker is available as an on-demand service, and it is used by interactive producers to quickly and easily assemble video, graphics, text, and audio into custom multimedia experiences. StoryMaker gives everyone from large media companies to small production firms the ability to quickly and easily produce high-quality broadband experiences based on custom templates.

Brightcove plans to continue to develop, market and distribute MetaStories StoryMaker. The product will be available as a stand alone solution and offered as an integrated component of the Brightcove service.

The companies did not disclose financial terms of the acquisition. All MetaStories employees will join Brightcove and remain in the Seattle location.