AOL has acquired video creation and distribution business StudioNow for $36.5M

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-307
 
Acquirer:  AOL
ACQ Web:  http://www.aol.com
Location:  USA, New York, NY
Region:  North America
Description:  AOL Inc. (NYSE: AOL) is a leading global Web services company. AOL’s business spans online content, products and services that the company offers to consumers, publishers and advertisers. In addition, AOL operates one of the largest Internet subscription access services in the United States.
Category:  Online Media, Advertising
Contact:  Tim Armstrong, AOL CEO and chairman

Vendor:  StudioNow
Vendor Web:  http://www.studionow.com
Location:  USA, Nashville, TN
Region:  North America
Description:  StudioNow partners with blue chip, mid-sized and local companies to create, store, and manage content and syndicate it to online video channels and portals.
Category: Video
Contact 1:  David Mason, co-founder and CEO
Contact 2:  Adam Solesby, co-founder, CTO
Contact 3:  David Corts, COO
  
Aprox. Value:  $36,500,000 in cash and stock with a portion of the cash paid out over multiple years.
 
Details:  AOL Inc. has acquired StudioNow Inc., the online platform for video creation and distribution. The acquisition will allow AOL to integrate a fully functional video creation platform into its newly-launched content management system, Seed.com. StudioNow will also continue to develop its existing business as a provider of online video creation, management, storage and syndication services to commercial companies.
 
Link: Press Release

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