Tag: Grouper
Universal Music Group said on Tuesday it filed lawsuits against online video sharing sites Grouper and Bolt.com for allowing users to swap pirated versions of its musicians' videos.
Universal, whose artists include U2, Mary J Blige and Mariah Carey, said it is seeking damages up to as much as $150,000 for each incident of copyright infringement plus costs. It estimated that thousands of music videos were being viewed on both sites, to their benefit alone.
"Grouper and Bolt... cannot reasonably expect to build their business on the backs...
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By agreeing to pay $65 million for Grouper--a profitless video-sharing company with negligible market share--Sony has helped establish a benchmark for other companies in the space and sent industry insiders speculating wildly about what market leader YouTube may be worth.
Sony's acquisition Wednesday of Grouper, which owns less than 1 percent of the online video market, begs a rather obvious question about its far larger rival YouTube, which owns 43 percent market share: If a company were to buy YouTube tomorrow, what would it have to...
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Sony Pictures Entertainment plans to announce on Wednesday that it has acquired Grouper, a Web site featuring videos contributed by users, for $65 million.
The deal marries one of the biggest and most powerful movie studios, which regularly spends more than $100 million on a film, with a Web site that provides free access to short and often inexpensively made videos on topics like pets, sports and music.
Michael Lynton, the chairman and chief executive of Sony Pictures, said the investment was a bet that material posted by users would...
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Posted by
Kenshi 2 years 3 months ago
Online video startup Grouper denies any impending deal with Sony, despite an e-mailed rumor that Sony was buying Grouper.
The Sales and Marketing VP of Grouper, which is running on $5.25 million of funding, says the company will not be joining up with Sony.
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