Sony buys Grouper.com for $65m
updated 01:10 pm EDT, Wed August 23, 2006
Sony buys Grouper.com
Sony has agreed to pay $65 million for Grouper.com, a Web video site similar to user-generated video giant YouTube that allows visitors to download and play content on iPods or other portable media devices. A top Sony executive said the acquisition is designed to infuse the studios with new ideas and talent for movies, TV shows, and games, according to Reuters. "I think user-generated content and the sites around [them] are businesses or platforms unto themselves in the same way that television networks [are]," said Michael Lynton, Sony Pictures chairman and CEO. "There is a big piece of the entertainment/media business this touches."
Grizzled Veteran
Joined: Oct 1999
terms of use
I'm guessing that people will have to read the small print of the terms of use VERY closely...you know things along the lines of Sony (or Grouper) having the freedom to use any posted content any way that they see fit!