toggle

AAPL Stock: 101.32 ( + 0.74 )

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

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Pure Jongo T2 wireless speaker

Multi-room audio compatibility is a key metric for wireless sound systems these days. The entry cost into a house-spanning system can ...

Logitech Z213 multimedia speakers

Desktop computer speakers sit in a weird area of limbo: many consumers have forgone the era of desktop listening for the privacy and v ...

toggle

Most Commented