alarm:clock

Media - Wednesday, August 9, 2006

Viacom's MTV Buys Atom Entertainment For $200M

atom films logo.png Not that long ago, what was then known as Atom Shockwave was a big disappointment, but management stuck to it. Today the company was bought by Viacom's MTV for $200M. Nice number. Some might think that Viacom has fallen behing Fox which bought MySpace, but we like the hodge-podge of games and video sites that MTV is picking up.

In May, the company paid $102M to buy Xfire, a company that builds online game forums. Earlier this week, MTV Networks announced a deal with Google through which the search firm would distribute MTV's video content to a network of third party sites, and marry those clips with in-stream ads.


Atom Had Recently Acquired AddictingGames and Launched AddictingClips

Post a comment




Remember Me?


More Recent Articles

ThumbShopping Site Gilt Group Raises $40M at $400M Val

Thursday July 2, 2009

NYC's private shopping firm Gilt Groupe has raised $40M from General Atlantic and Matrix Partners at a $400M valuation. Gilt Groupe provides access, by invitation only, to men’s, women’s and children’s fashion and luxury brands at discount pri... Full Story

ThumbAH Belo Joins $2M Investment In Real Estate Search Tool Sawbuck

Thursday July 2, 2009

AH Belo (NYSE: BLC) has led a $2M investment in online real estate brokerage Sawbuck Realty. Sawbuck is an online real estate broker that connects consumers with local real estate agents. Sawbuck takes a cut of any commissions. The company’s servi... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet