New over-the-top player Verizon has purchased a 24.5 percent stake in AwesomenessTV, a youth-focused digital media company that branched out from its original roots as a YouTube multichannel network.
Yahoo recently set April 11 as the date to submit preliminary bids for its core search and display advertising business, setting off speculation again about whether Verizon will acquire the embattled Web property. But while gaining Yahoo's ad business wouldn't "catapult Verizon to the top" of the advertiser heap, a new Wall Street Journal article says, the purchase would give Verizon and AOL a stronger competitive edge.
Vanguard Video, an HEVC and H.264 video encoding provider with customers like Netflix, Microsoft, Imagine Communications and other major OTT service providers, has been acquired by Beamr, a media optimization vendor, for an undisclosed amount.
Verizon and AOL's media-focused IP transport wing, Verizon Digital Media Services is taking closer aim at the broadcast industry with its latest acquisition, Volicon, a video capture and archiving vendor. Terms of the deal were not disclosed.
Verizon would roll Yahoo's video assets in with AOL, the unit that until its purchase last May was a direct competitor to Yahoo. But what benefits could Yahoo's assets provide to Verizon's video strategy? Which ones would be redundant?
As Yahoo's growth prospects continue to stay flat and analysts predict the company may be broken and sold off, Verizon Chairman and CEO Lowell McAdam confirmed that the service provider is taking a hard look at buying the Internet search and online video company-- or at least some of its assets.
CinemaNow, the transactional video on demand (TVOD) service once owned by Best Buy, has found new life: it's being acquired by FilmOn for an undisclosed amount.
Technology giant IBM has added another key piece to its cloud services offering by acquiring San Francisco-based UStream. The online video streaming provider's assets will make it possible for IBM to sell OTT services via its IBM Cloud platform, putting it squarely into a competitive space occupied by Microsoft and Amazon Web Services.
As pressure from investors builds around putting up HBO's parent company Time Warner for sale, rumors are emerging that Apple is eyeing the company's sizable programming assets, as a way to make its entry into the SVOD market easier.
Efforts to consolidate the online video delivery segment kicked into a higher gear as technology giant IBM acquired cloud-based video services provider Clearleap. Meantime, video infrastructure provider Harmonic made a binding offer to acquire 100 percent of France-based Thomson Video Networks for $75 million.