901am

New Media News Every Morning

Ovation TV acquires International Music Feed

By

ovation.pngOn the heels of its successful re-launch earlier this year as the only network devoted exclusively to art and personal creativity, Ovation TV has acquired Universal Music Group’s (UMG) International Music Feed (IMF).

The purchase of IMF from Universal Music Group, a subsidiary of Vivendi Universal, will provide Ovation TV with access to key resources in the music/arts category which has been a part of its broader approach to presenting programming focusing on art and creativity. As part of the agreement, Universal Music Group will maintain an equity position in Ovation TV. Lazard Freres & Co. acted as financial advisor to Ovation TV in the transaction.

Originally posted on January 14, 2008 @ 5:13 am

National Lampoon acquires CollegeHangover.com

By

National Lampoon, Inc. has acquired CollegeHangover.com for an undisclosed sum. CollegeHangover.com allows users to browse and contribute to galleries of user-submitted photos and videos. The site is moderated by its college student editors, who also post their own original photos and videos.

Prior to the acquisition, CollegeHangover.com had been part of the Drunk University Network, the college-male targeted sibling of the National Lampoon Humor Network, the most trafficked humor websites on the Internet, with over 6 million unique visitors and, according to Comscore, over 100 million pageviews on a monthly basis.

hangover.png

Originally posted on January 9, 2008 @ 9:51 am

Glu Mobile completes acquisition of China’s leading mobile games publisher

By

viewmedia.jpgGlu Mobile Inc. has completed the acquisition of Beijing Zhangzhong MIG Information Technology Co. Ltd., a leading developer and publisher of mobile games for China. The addition of MIG expands the company’s presence in China and deepens Glu’s relationship with China Mobile, the largest wireless carrier in China.

As previously announced last month, Wang Bin, chief executive officer of MIG, has joined Glu as General Manager focused on China and Glu added MIG’s approximately 80 employees to its worldwide team. These employees, based in MIG’s Beijing and Hefei offices, will continue to develop and publish mobile games that are relevant to a local, and potentially global, audience as well as work in conjunction with Glu’s existing Beijing office to further penetrate the Chinese market.

Originally posted on December 21, 2007 @ 10:55 pm

National Lampoon partners and acquires equity in Capazoo.com

By

capazoo.pngNational Lampoon, Inc. has formed a partnership with Capazoo.com, the newest and most unique social networking and online entertainment web site. The partnership is based in part on Capazoo’s ground-breaking business model empowering its members and partners to generate real revenues based on their content and site participation. In this deal, National Lampoon will provide online video content and branded marketing opportunities across its various entertainment properties to Capazoo. As part of the deal National Lampoon has also acquired an equity stake in Capazoo.

National Lampoon will create branded entertainment opportunities for Capazoo across its diverse entertainment platforms, providing Capazoo unrivalled reach into the college market. The first collaboration between the two companies is a Capazoo-sponsored series of exclusive live stand-up comedy to be released later this year on all National Lampoon media platforms.

All of National Lampoon’s new Internet programming will be made available on Capazoo through the National Lampoon channel. Initial programming includes National Lampoon’s hugely popular webisodes, which have drawn praise from top critics nationwide, as well as National Lampoon’s SpinCycle mashimations and the Fat Guy Nation series.

Originally posted on December 19, 2007 @ 3:53 pm

Haynes and Boone tapped for acquisition of eBaum’s World by ZVUE Network

By

ebaums.pngHaynes and Boone, LLP announced the completion of a series of transactions, including the acquisition of eBaum’s World, with a combined value up to $80 million for San Francisco-based ZVUE Corporation. As part of the transaction, the firm also successfully completed a $28 million private placement transaction for ZVUE.

The recently completed offering and acquisition adds eBaum’s World to the growing roster of user generated content offered through the ZVUE Network of web sites.

With the acquisition of eBaum’s World, the ZVUE Network of web sites now entertains more than 24 million visitors per month, providing advertisers with innovative solutions for reaching the highly prized 18- to 34-year-old male demographic. The company has licensing and content relationships with AOL Video, Facebook, FOX Mobile and others.

Originally posted on December 13, 2007 @ 4:02 pm