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Hot on the heels of its investment in Edgecast, Steamboat Ventures has splashed out on a stake in Scrapblog.

Scrapblog’s service allows users to create multimedia scrapbooks online using photos, video and audio as well as a variety of creative elements. Since Scrapblog’s launch this April, over a million scrapblog pages have been created. The company has recently attracted significant distribution partnerships including March of Dimes’ Every Baby has a Story, ABC’s Ugly Betty and ABC Family’s 25 Days of Christmas. The company expects to launch several additional partnerships around travel, weddings and parenting memories over the next few months.

David Min, principal of Steamboat, has joined the board of Scrapblog.

www.scrapblog.com

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Tags: ABC, ScrapBlog, SteamBoat Ventures

Steamboat Ventures, an investment firm of Disney, is set to announce Monday that it has acquired an interest in EdgeCast, an Internet delivery network that competes with industry leader Akamai Technologies. EdgeCast has 50 customers, about half of which are media companies. One of its largest clients is Imax, which used EdgeCast for serving up online video marketing for such movies as “Beowulf,” “Spider-Man 3,” “Transformers” and “Harry Potter and the Order of the Phoenix.”

EdgeCast previously raised $4 million from Viacom, CinemaNow and Lionsgate Entertainment.

SteamBoat has invested $6 million in EdgeCast, claiming that its technology is cheaper than that offered by Akamai, a $6.5 billion company, as well as others in the content distribution networks business, including Limelight Networks and Internap.

EdgeCast uses only 13 locations globally to serve up content quickly to end users while more established companies like Akamai have thousands of locations worldwide though stocked with less powerful servers.

www.edgecast.com

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Tags: CinemaNow, EdgeCast, Lionsgate Entertainment, SteamBoat Ventures, Viacom