toggle

AAPL Stock: 130.63 ( + 0.67 )

Printed from http://www.macnn.com

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."




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Feathers

    Joined: Dec 1969

    0

    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!

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softb ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to myriad cloud storage solutions available. There is no doubt that over ...

Leitz Icon Label Printer

When you say the words "label printer" to people, they either just really don't care, or they get incredibly excited. This is one o ...

toggle

Most Commented