Feb 15, 2008
It appears that the cavalry in the form of Brad Greenspan’s LiveUniverse has saved Revver from closure. Reports say that the YouTube clone was snapped up last night for a price “many multiples more” than the $500,000 to $1.5 million. LiveUniverse would also have assumed debt of around the $1million mark.
Revver gained goodwill early on for being the first video-sharing site to split revenue with creators. As I mentioned a few days ago, this could be a bargain when you consider they raised over $12million in two stages across 2005 and 2006. Most web based businesses are solely about eyeballs and if you fail to attract them you need to find deep pockets in order to buy time. It will be interesting to see how LiveUniverse plan to make silk out of what is most probably a pigs ear.
Investors in Revver included Bessemer Venture Partners, Draper Fisher Jurvetson, Draper-Richards, Comcast Interactive Capital, Turner Broadcasting.
Tags:
LiveUniverse,
Revver,
YouTube
Feb 6, 2008
There are reports that Revver, the YouTube clone that pays the video producers, is on the market for $300,000 to $500,000. Any would-be buyer would also have to assume the company’s debts, thought to be around the $1million mark. Could be a bargain when you consider they raised over $12million in two stages across 2005 and 2006. Most web based businesses are solely about eyeballs and if you fail to attract them you need to find deep pockets in order to buy time.
Investors in Revver include Bessemer Venture Partners, Draper Fisher Jurvetson, Draper-Richards, Comcast Interactive Capital, Turner Broadcasting.
Tags:
Bessemer Venture Partners,
Comcast Interactive Capital,
Draper Fisher Jurvetson,
Draper-Richards,
Revver,
Turner Broadcasting,
YouTube
Nov 25, 2007
ROK Entertainment Group, the UK-based mobile technologies, applications and entertainment development company has acquired a 51% controlling interest in Los Angeles-based Fun Little Movies (FLM) for a combination of cash to be paid in monthly installments through September 2009 and shares in the company. Under the terms of the agreement, ROK and FLM will jointly offer made-for-mobile content, such as comedy short films, to network operators worldwide.
FLM specializes in the development, production and distribution of original mobile-oriented comedy for global distribution. In its nomination for Best Video Producer at the 2007 ME Awards, Mobile Entertainment Magazine said FLM “pioneered the advertiser-funded concept” for mobile video.
FLM distribution deals include Sprint, Verizon and ATT, as well as several handset makers and overseas partners, from China and Japan to Europe, Africa and South America. ROK will be its primary distributor worldwide. [Read more]
Tags:
AIS,
ATT,
Avea,
CBS,
Comedy Central,
Ericsson,
Forbes,
Fun Little Movies,
HBO,
Hollywood Reporter,
L.A.Times,
MTV,
N.Y.Times,
Nokia,
Playboy TV,
Revver,
ROK Entertainment,
Showtime,
Sprint,
Telenor,
Variety,
Veoh,
Verizon,
Vodacom SA,
Wired
