MTV Networks, a division of Viacom, has acquired online video purveyor iFilm for $49 million, the companies said Friday. As previously reported, the deal was expected to come together this week. iFilm, a privately held company in Los Angeles, distributes short videos from Hollywood studios and amateur filmmakers over the Web, drawing more than 10 million visitors a month, the company said.
The deal could mean a lot more downloadable TV programming for Web users and more online advertising for Viacom. "We're...excited about the partnership potential with our established brands like MTV, MTV2, MTVU, Comedy Central, SpikeTV and VH1," an MTV executive said in a statement. Video via the Web got another boost this week when Apple Computer unveiled a new iPod that plays videos. The company also plans to sell TV episodes, music videos and short animation through the iTunes music store.
The two telecom carriers will carry a next-generation iPad running on the fast, next-generation wireless technology, sources tell The Wall Street Journal.
Google creates an animated doodle that features a boy, a girl, Google's search engine, and a jump rope. But might there be darker, more analytical, more troubling interpretations to this tale?
Hamza Kashgari's tweets of an imaginary conversation with the Prophet Mohammad are viewed as blasphemous by the Saudi Arabian government. Now he faces trial with a possible death sentence.
The Silicon Valley online payments startup grew by 1,000 percent last year and is hopeful it can repeat that level of growth this year. To do that, it's had to move away from its early friends-and-family roots and embrace small businesses.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
Now that one of the most uninspired and censored media companies have bought it, it will likely go downhill.
Sad day
viacom...