Sherman Oaks video-on-demand company TVN Entertainment Corp. said Monday that it was merging with Avail Media in Reston, Va.

Terms of the deal were not announced. TVN and Avail Media for now will continue to operate separately as divisions of Avail Media, a spokesman said.

The combination will be able to deliver content from more than 200 content partners, including Hollywood movie studios, cable networks and independent content producers to more than 46 million homes and 120 million consumers.

Chief executive of the merged company will be Ramu Potarazu, former president and chief operating officer of Intelsat, a provider of fixed satellite services. TVN CEO Doug Sylvester will be president of the TVN division.

Backers of the deal include Columbia Capital, Novak Biddle Venture Partners, Valhalla Partners, and Pioneer Ventures.

?VN? shareholders, management, and staff are excited about the opportunities that the combination of TVN and Avail will create,?TVN Chairman Michael Petrick said in a statement.