If you thought TV on your cell was just a passing fad, well, think again. Oak Park Ventures has just put $70 Million into MobiTV, one of the leaders in mobile TV and digital radio delivery systems.

MobiTV, Inc. the global leader in television and digital radio services for cellular, WiFi and broadband-enabled devices, today announced the successful first close of the company's Series C financing. The $70 million investment led by Oak Investment Partners will fuel the Company's rapid expansion in response to the overwhelming demand for its mobile television and radio service across international markets. Oak Investment Partners' Bandel Carano will join MobiTV's board of directors as part of this investment.

Canada also has a company providing services in this sector. Quick Play Media in Toronto just was named Company of the Year by the Canadian New Media Awards. Great work Raja!