AOL Acquires StudioNow for $36.5 Million
AOL has acquired the Web video technology and syndication startup StudioNow Inc. for $36.5 million in cash and stock, said company officials.
The Nashville, Tenn.-based StudioNow provides a host of video services to both large and small businesses, including production, content management and distribution. The company has worked with brands like Maxim magazine and Ford Models, as well as dozens of small local business such as Jimmy’s Burger Joint out of Costa Mesa, Calif. That arrangement is part of a larger partnership with Citysearch through which StudioNow claims to have created video content for thousands of local merchants.
AOL
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