Jun
09
Viacom Becomes Latest Entertainment Giant to Buy a YouTube Presence
Posted in: UncategorizedViacom today became the latest big media conglomerate to buy a foothold on YouTube.
The parent company of MTV and Comedy Central took a minority stake in online video network Defy Media in exchange for three gaming properties: Addicting Games, GameTrailers and Shockwave.
The monetary terms of the deal were not disclosed. Defy Media will add a board member from Viacom, but who takes the seat has not yet been determined.
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