Sony buys Grouper.com for $65 million

Written by James Delahunty @ 24 Aug 2006 6:31 User comments (1)

Sony has purchased the video hosting site Grouper.com. The purchase gives Sony the opportunity to mix user grown video with copyrighted content it can sell. The company already sells TV shows and movies through various sites like Guba.com also. Sony now intends to add advertising and premium content to the Grouper site but for now it remains unchanged.

Grouper like other video sites allows users to post their favorite videos onto social networking sites including MySpace. Grouper also offers free P2P file sharing software that lets users share their multimedia content with each other. Grouper has cost Sony $65 million. the video site claims to be "the second largest independent video community."

Source:
Pocket-Lint.co.uk

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1 user comment

124.8.2006 21:44

borhan9

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AfterDawn Addict

Wow!!! $65 Mill now thats some real money but why cant they do something beside kill freedom of speech. Mayb to Sony they have realised that they can't stop people sharing by taking them to courts. Instead they just buy the companies out right. Well reminds me of the old saying money talks B***** Walks. :)

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