Comcast Buying Entertainment Community Site BuddyTV
Seattle-based BuddyTV, a TV community site, is being acquired by Comcast (NSDQ: CMCSA), paidContent.org has learned from sources. BuddyTV took a loan of $250K from the Charles River Ventures’ Quick Start Seed Funding program back in May, before taking a $2.8 million investment from Gemstar-TV Guide this summer. The site competes with a wide range of TV-related blogs and communities, but co-founder Andy Liu told the Seattle Post-Intelligencer this summer that the site was receiving 3 million uniques per month and that it now has 20 employees. It seems likely that BuddyTV will be used in conjunction with Comcast’s Fancast.com site, as well as Fandango, which it acquired in the earlier this year. No word yet on the size of the deal…BuddyTV denied it first and then didn’t respond to further queries, and Comcast PR had no comment.
Comcast recently launched its new TV info and community site Fancast, so BuddyTV would probably be integrated into the new site.
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Comments (9)
Sep 17, 2007 2:09 AM
Comcast can acquire all the TV sites they want.
Sep 17, 2007 2:55 AM
... and people can abandon a site for a new one just as easy as Comcast can buy websites.
Sep 17, 2007 6:31 AM
Comcast don’t know what to do with their money :P.. just kidding
Sep 17, 2007 9:53 AM
Unfortunately for BuddyTV, this story is wrong.
Sep 22, 2007 4:24 PM
Sounds cool, but is it true or bogus?
Nov 6, 2007 5:47 AM
Thank you
Apr 11, 2008 6:25 AM
Thank you
英文課程,
Apr 11, 2008 6:27 AM
婦科檢查,
Jul 20, 2008 6:25 AM
Interesting, this. The traditional TV stations are really going to find themselves on the backfoot as the online TV market is growing. I see that the RIAA is now trying to prohibit a lot of internet music and TV—the reason? Well, something about competition. Like the old TV stations didn’t complain about competition problems until they started loosing money – not for any reason except the fact that they didn’t really wake up in time to where the market has been (and is) going.