Tag: Sony
Sony is in advanced talks to buy the social gaming ClubPenguin for about $500 million.
ClubPenguin is a massive multiplayer online game for children developed by New Horizon Interactive, a software firm based in Kelowna, BC in Canada. It was launched in Oct 2005, and has grown to about 4.5 million visitors in March. Using cartoon penguin avatars, players can converse, play minigames, and participate in other activities with one another in a snow-covered virtual world. The service is subscription-based (about $6 a month), and also has...
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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 1 month 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.
Sony BMG Music Entertainment wants to give bloggers free music and video to promote on their blogs. Now you won't have to steal music videos to put on your site. But Sony will still make money.
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