Sony Pictures buys online video startup Grouper
August 30, 2006
Sony Pictures is announcing the acquisition of online video startup Grouper.
The acquisition price, confirmed by Grouper, was $65 million in cash.
Sausalito, California based Grouper has built three key technologies: an online video sharing site, a desktop video editor and most importantly a closed (non-bittorent) P2P network for distributing media.
Sony says they will use Grouper’s technology to share lower quality Sony videos online, distribute DVD quality video by P2P and allow users to create mashups of select Sony media properties.