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August 24, 2006

Sony Pictures Entertainment Acquires Grouper

Sony Pictures Entertainment (SPE) has acquired Grouper, the fast-growing user-generated video site on the Internet, it was announced today.

SONY PICTURES ENTERTAINMENT

Grouper.com, which is the second largest independent video community, enables its members to watch, share and create video on the Web. Under the terms of the $65 million deal, the Sausalito-based company will retain its current management, working closely with a team at Sony Pictures.

Grouper Networks enables its members to watch, share and create video on the Web, desktop and connected devices and continues to be the leading innovator in the user-generated video space. Members can browse videos on Grouper.com and post them to a wide variety of third party Web sites directly from Grouper.

Sony Pictures Entertainment has been a longtime leader in the arena of digital entertainment. It was one of the first studios in the DVD business and the first to sell television shows online and movies for mobile devices. SPE is also one of the pioneers in digital downloading, with more than 100 of its movies available for purchase on several internet sites. Sony Pictures also includes Sony Online Entertainment, a worldwide leader in massively multiplayer online games, with hundreds of thousands of subscribers around the globe.

Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution, operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in 67 countries.


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Edited & Posted by Surender Hastir | 8:57 AM | Link to this Post


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