June 28, 2007 10:15 AM PDT

NBC, News Corp video venture hires CEO

The video venture created by media conglomerates News Corp and NBC Universal finally has a leader.

The tentatively named NewCo has hired Jason Kilar, a longtime former Amazon.com executive as CEO. Kilar is credited with helping form Amazon's video and DVD strategy during his 10 years at the company.

NewCo will distribute full-length movies and clips from at least a dozen television networks and two major film studios over the Web, including at three of the Web's largest Internet portals, AOL, MSN and Yahoo. Some of those contributing content, besides NBC and Fox include Comcast, MySpace and CNET Networks, parent company of News.com and Webware.

PaidContent.org reported last month that NewCo has is trying to sell 10 percent of the company for $100 million, which means the company is valuing itself at $1 billion.

Now if only the company can come up with a name.

Greg Sandoval covers media and digital entertainment for CNET News. He is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at http://twitter.com/sandoCNET.

Topics:: Media

Tags:: video,; nbc,; amazon

Share:: Digg; Del.icio.us; Reddit; Facebook; Twitter

About News Blog

Recent posts on technology, trends, and more.

Add this feed to your online news reader

Inside CNET News

Scroll Left Scroll Right

Software, Interrupted
Forrester: 5 keys for application development in 2010
Smart application development efforts are the key providing the flexibility a company needs to stay ahead of the game. Forrester Research has a number of recommendations for 2010.
Gallery
En route to GPS-based air traffic control (images)
Apple
Apple to buy Quattro Wireless for $275 million
Deal for mobile-advertising start-up comes on the heels of Google's $750 million purchase of Quattro competitor AdMob.
Beyond Binary
Understanding Windows 7's 'GodMode'
Enthusiasts are buzzing over a trick that lets users get access to all of the operating system's controls in one folder.
Video
Deep-sea volcanic explosion--part 2 (video)
2010 CES
Skype reaches the living room via HDTVs
Company's free online phone service will be embedded in Internet-connected HDTVs from Panasonic and LG Electronics.
Video
Deep-sea volcanic explosion--part 1 (video)
The Social
Fresh legal woes for ConnectU founders
Remember file-sharing site I2hub? Its creator claims that due to a partnership with social network ConnectU, he's entitled to part of ConnectU's Facebook settlement money.
The Digital Home
NASA's Kepler finds five 'hot Jupiters'
After less than a year in operation, NASA's Kepler space telescope finds five new exoplanets in our galaxy. Unfortunately, none of them is habitable.
Gallery
NASA trains WISE eye on the sky (photos)
Crave
Get 160GB of National Geographic
National Geographic has compiled every issue of its magazine from 1888 to 2008 and loaded them onto a 160GB hard drive, available for purchase now.
Green Tech
U.S. seeks agreement on Cape Cod wind project
The Interior Department sets a March 1 deadline to reach a deal with opponents of the long-delayed plan to build 130 towers, which would soar 440 feet above the water.