Viacom Holds Talks to Buy Web Movie Network
WSJ.com: "EW YORK -- Viacom Inc. is in talks to buy IFILM, a closely held online movie network based in Hollywood, for about $50 million, according to people familiar with the situation.
While negotiations are progressing, a deal hasn't been reached, these people said. Spokespeople for Viacom and IFILM declined to comment.
News of the talks was reported earlier by the Web site paidcontent.org.
IFILM's Web site offers movie, television and videogame trailers as well as short films and music videos. Ranking as one of the top video-streaming sites on the Internet,
IFILM says it delivers some 50 million video streams and reaches 20 million viewers each month."
While negotiations are progressing, a deal hasn't been reached, these people said. Spokespeople for Viacom and IFILM declined to comment.
News of the talks was reported earlier by the Web site paidcontent.org.
IFILM's Web site offers movie, television and videogame trailers as well as short films and music videos. Ranking as one of the top video-streaming sites on the Internet,
IFILM says it delivers some 50 million video streams and reaches 20 million viewers each month."
posted by Michael Mouse at 5:01 pm
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