Printed from http://www.electronista.com

Google may buy podcaster Next New Networks

updated 04:45 pm EST, Thu February 10, 2011

Google to buy Next New Network for millions?

Google, which owns YouTube, is involved in negotiations to buy out Next New Networks, a video podcast producer, a report said Thursday. The unofficial rumor comes from a person familiar with the matter, and maintains that YouTube wants to improve the quality of its content thanks to Next New's development and partnership service. Google may be considering closing down Next New's studios and invest in developing partner videos instead with the newly purchased assets, the source said.

YouTube's likely aim would be to get a premium video streaming service that could compete with the likes of Hulu, Netflix and cable companies. While YouTube dominates the online video space, its investors are concerned that it is not contributing to the earnings.

Next New Networks is privately held and produces web comedy shows such as Barely Political and online cartoon network Channel Fredarator. The deal may be worth tens of millions of dollars, and official details may arrive as early as next week.

Google has recently been tied to making a movie licensing deal with Miramax and has recently bought Widevine and the movie recommendation engine fflick in its aim to launch a global paid movie network.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News