Viacom Buys Atom Entertainment for $200M
MTV Networks, a division of Viacom, Inc. announced a definitive agreement to acquire Atom Entertainment Inc., for $200 million. Atom Entertainment has popular brands in games with Shockwave.com and AddictingGames.com as well as video via AtomFilms.com and AddictingClips.com. The company makes money through a combination of ad sales, games sales and subscriptions and has been profitable on an operating level since 2002.
Adding Atom Entertainment to MTV Networks’ overall portfolio appears to fit squarely with the company’s strategy of serving targeted, global audiences with a relevant and innovative online content. Following MTVN’s recent purchases of XFIRE, Y2M, GameTrailers.com, IFILM and Neopets, this acquisition demonstrates a continued push to consolidate it’s multi-platform media platform offerings.
Tom Freston, CEO, Viacom, said, “This acquisition is right on the money with our digital strategy. It adds great scale with users, improves our growing casual gaming position, and brings a world-class digital video library and a fantastic management team.”
Yet another “Wild West Land Grab” happening with online video. You’d have to conclude that the smart money has completed it’s due diligence and forsees some impressive growth in this area going forward. 
- Also of interest - so says the machine:
JumpTV on Joost — Coming Soon
According to AP, a deal to be announced Friday with global video carrier JumpTV will bring international television channels to Joost, the still-in-development Internet TV platform from the influential creators of Skype and Kazaa. Joost has been signing several contracts to carry video for media publishers, most notably a pact reachedDaily Show to Open Web Video Archive
Viacom is set to unveil a new site that will include 13,000 video clips of its popular "The Daily Show with Jon Stewart," representing every minute of the show since its 1999 inception.. wOOt! To prepare for the site launch, 16 Comedy Central writers and video encoders have worked two shiftsMeevee Looking for the Exit Door
The Alley Insider is asking if you have ever heard of MeeVee? This coming on the heels of a recent company statement: Due to accelerated development of the online entertainment market, the Board of Directors at MeeVee has determined that combining with an established player will maximize the potential for theGuerrilla Video Site Meets MTV
Vice magazine has built a small media empire out of a raw, ironic sensibility, risqué photographs and a willingness to deal in taboo subjects. On VBS.tv, the video Web site the company runs, viewers can find short videos about independent music, extreme sports and, of course, some nudity. What’s evenGoogle Buys Web Video Conferencing Technology
"To clarify.. we acquired Marratech's software, not the company." According to this article on Mercury News: "As a company, we thrive on casual interactions and spontaneous collaboration," Douglas Merrill, Google's vice president of engineering, wrote in the blog post. "So we're excited about acquiring Marratech's video conferencing software, which will enableYahoo Buys Maven Networks for $160M
As reported on eFlux Media: Applying the well-known saying: buy or you’ll be bought, Yahoo Inc. got back to business Tuesday after rejecting on Monday, Microsoft’s $44.6-billion takeover bid and announced it had purchased a broadband video start-up, Maven Networks Inc., for $160 million. Six-year-old Maven Networks, in Cambridge, Mass. includeThe Moguls of New Media
As websites created by amateurs remake the entertainment landscape, unknown directors, writers and producers are being catapulted into positions of enormous influence. Each week, about a half-million people download a comedic video podcast featuring a former paralegal. A video by a 30-year-old comedian from Cleveland has now been watched byLocationFree TV: NETAV On-the-Go
Want to catch the big game for your home team, even when you’re away from home or wind down with your favorite DVD from the sanctity of your hotel room? With LocationFree you’ll never have to leave your home entertainment behind again. Using “NetAV” from LocationFree you can streamCBS News Buys Wallstrip - There’s Much Rejoicing
Fred Wilson posted Here that Howard Lindzon got on a plane, went to NYC, hired a couple of awesome video producers named Adam and Jeff and a wonderful host named Lindsay. He set out to make a funny short video about Wall Street five days a week for less than
- Time Warp
- Future :: PS3 vs. Wii Taste Test
- Past :: Stickam Pimps Your Site with Flash Video
