Online video distribution network Rightster is adding views with the bolt-on acquisitions of Viral Spiral and Base79. A placing of 75m new shares to raise £42m will help fund the deals – with a co-founder of YouTube coming on board and investing. Read more
Vimeo, which has established itself as a niche video platform player next to YouTube, is launching an on-demand service where content owners will keep 90 per cent of their sales.
The 10:90 revenue split is exceedingly generous by existing industry standards – Google is reported to be considering taking 45 per cent of subscription revenues for its planned video channels on YouTube. Read more
How-to videos, cute toddler antics, music and people making “hilarious” gaffes when speaking foreign languages. Iran’s attempt to ape YouTube, Mehr.ir launched this weekend, with many of the features that made its predecessor so popular.
Of course, Mehr – which means “affection” in Farsi – isn’t competing with YouTube: it’s replacing it. According to newswire reports and Iranian state TV, the government-endorsed Mehr is designed to promote Iranian and Islamic culture. Read more
Can you name this start-up?
Some 18 months after launching, it reaches 20m users and may be on the way to owning its category. An established internet giant, which has been trying to break into the same market, jumps in with a takeover offer worth more than $1bn – even though it’s not clear how the start-up will make money. With a market value that has soared to over $100bn, though, the acquirer feels it can afford the risk.
No, this is not Facebook buying Instagram – but the parallels are striking. Read more
Tech news from around the web:
Music publishers have settled their part of a class action suit brought against YouTube, according to PaidContent. The suit, brought by them and other leading content providers such as the Premier League, alleged that the video site’s inattention to controlling copyright material violated the law. Terms of the deal were not disclosed. Read more
Are Chad Hurley and Steve Chen itching for another shot at the big time? That was the heavy hint the YouTube founders dropped on Wednesday as they stepped in to save Delicious (Yahoo botched its handling of the former Web 2.0 darling in December, provoking an outcry when it implied that it might consider closing the service. It eventually saying that it would look for a sale.) Read more