The Blog for Video 2.0
Thursday, March 13, 2008
Revver sold to LiveUniverse; Stage6.com Closed
Last month, video site Revver.com was sold in a fire salee. LiveUniverse, an online entertainment company led by MySpace founder Brad Greenspan purchased the online video sharing site for a reported $3.5 million. Revver had previously received $12.5 million in funding from such investors as cable giant Comcast (NASDAQ:CMCSA) CMCSA and venture capital firms Draper Fisher Jurvetson and Bessemer Venture Partners.
Another video startup, Stage6.com, shut down operations last month. Stage6, owned by digital media pioneer DivX DIVX, pulled the plug even though its viewership had been rising since November. It had 10.7 million views in January. DivX has stated that they did not have the resources to run the site and that copyright issues were a growing concern. LiveUniverse is reported to be making an offer for Stage6.
The recent consolidations and closings leave a still crowded field of online video sites with Veoh.com, Break.com, Metacafe, HungryFlix, and many others battling for page views and visitors.
Another video startup, Stage6.com, shut down operations last month. Stage6, owned by digital media pioneer DivX DIVX, pulled the plug even though its viewership had been rising since November. It had 10.7 million views in January. DivX has stated that they did not have the resources to run the site and that copyright issues were a growing concern. LiveUniverse is reported to be making an offer for Stage6.
The recent consolidations and closings leave a still crowded field of online video sites with Veoh.com, Break.com, Metacafe, HungryFlix, and many others battling for page views and visitors.
Labels: hungryflix, movie downloads, online video, video distribution
# posted by HungryFlix : 10:22 AM
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