Tuesday, January 26, 2010

DMNews Digital Insider: AOL buys StudioNow, accelerating online video play

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Inside Digital

AOL buys StudioNow, accelerating online video play

AOL acquired StudioNow, an online video company for $36.5 million in cash and stock, in order to accelerate its investment in content technology and platforms. With the acquisition, which closed on January 22, AOL has aggregated more than 3,000 editors, videographers and creative individuals to provide on-demand video content. It will also provide management, storage and syndication services to clients. AOL intends to integrate the video platform into its existing Seed.com content management system.
 

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