Thursday August 24, 2006 7:17 pm
Sony Purchases Video Sharing Website Grouper.com
The video sharing website Grouper has been purchased by Sony Pictures Entertainment for $65m (£34m). The California-based website is the “second largest independent video community” currently on the world wide web, allowing users to upload, watch, and share video clips. Much of the appeal from sites like Grouper.com and others like YouTube stem from the fact that the offerings are available free of charge; however, many sites are now commercializing on their fame and Sony has said that grouper.com had potential for developing “ad-supported and premium-based services”.
While it is unlikely that any immediate changes will be made to the video website, paid services are almost guaranteed to be developed. Fortunately, the free sections of the site will keep on thriving as long as its community stays active.
Read More | BBC News
© Gear Live Inc. – User-posted content, unless source is quoted, is licensed under a Creative Commons Public Domain License. Gear Live graphics, logos, designs, page headers, button icons, videos, articles, blogs, forums, scripts and other service names are the trademarks of Gear Live Inc.