AAPL Stock: 118.88 ( + 1.13 )

Printed from

Google may buy podcaster Next New Networks

updated 04:45 pm EST, Thu February 10, 2011

Google to buy Next New Network for millions?

Google, which owns YouTube, is involved in negotiations to buy out Next New Networks, a video podcast producer, a report said Thursday. The unofficial rumor comes from a person familiar with the matter, and maintains that YouTube wants to improve the quality of its content thanks to Next New's development and partnership service. Google may be considering closing down Next New's studios and invest in developing partner videos instead with the newly purchased assets, the source said.

YouTube's likely aim would be to get a premium video streaming service that could compete with the likes of Hulu, Netflix and cable companies. While YouTube dominates the online video space, its investors are concerned that it is not contributing to the earnings.

Next New Networks is privately held and produces web comedy shows such as Barely Political and online cartoon network Channel Fredarator. The deal may be worth tens of millions of dollars, and official details may arrive as early as next week.

Google has recently been tied to making a movie licensing deal with Miramax and has recently bought Widevine and the movie recommendation engine fflick in its aim to launch a global paid movie network.

by MacNN Staff



Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented