Still-existing web outfit AOL has spent $36.5 million to acquire StudioNow, a Nashville-based startup that builds online video platforms for other companies. AOL intends to work StudioNow's mojo into Seed.com, the company's media clearinghouse launched last year shortly after the 26-year-old internet company was spun-off from …
If I were AOL I would recognize the writing on the wall for their closed wall / prison model and start diversifying like mad. Buy up successful web outfits, and don't taint them by rebranding with AOL.
The traditional problem with AOL is they'd buy 3rd parties (e.g. Netscape, Nullsoft) and then bludgeon all the creativity and life out of these distinct brands. Hopefully they've learned their lesson.
- Product round-up Ten excellent FREE PC apps to brighten your Windows
- Hi-torque tank engines: EXTREME car hacking with The Register
- Review What's MISSING on Amazon Fire Phone... and why it WON'T set the world alight
- Product round-up Trousers down for six of the best affordable Androids
- Chromecast video on UK, Euro TVs hertz so badly it makes us judder – but Google 'won't fix'