toggle

AAPL Stock: 124.25 ( -0.18 )

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

Advertisement

Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Griffin Twenty

A few years ago Griffin launched the original Twenty, a small digital amp that used an AirPort Express to turn any set of passive spea ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill th ...

toggle

Most Commented