Joseph Weisenthal
Mar 31, 2008 2:51 PM
Roo Group, the Dubai-via-New York-based online video firm, reported Q4 revenue of $3.9 million, up 4 percent year-over-year from $3.75 million. Net loss grew to $12.5 million from $5 million in the year-ago period. In addition to the financial release, it announced a couple of of corporate changes: —As part…
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Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, roo group
Joseph Weisenthal
Mar 24, 2008 12:03 PM
NYC-based Viewdle, a start-up doing video search based on facial recognition, has taken an unspecified strategic investment from KIT Capital, the investment firm that has essentially taken over Roo Group. With the investment, Kaleil Isaza Tuzman, ROO CEO and KIT Capital managing director, will join the board of Viewdle, and…
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Media & Publishing, TV, IPTV, Money, M&A & Venture Capital, Venture Capital, kit capital, roo group, viewdle
Joseph Weisenthal
Mar 18, 2008 9:57 AM
Troubled online video firm Roo Group has announced another deal as it prepares to ditch New York for Dubai: The OTCBB-traded company says it has signed a letter of intent to acquire Kamera, a Swedish provider of mobile video. The firms have signed a content distribution agreement, and Roo has…
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Money, M&A & Venture Capital, Mergers & Acquisitions, kamera, roo group
Rafat Ali
Mar 17, 2008 7:13 AM
Roo Group, the OTC-traded and troubled video aggregator and IPTV provider in which News Corp (NYSE: NWS) has a stake, has been going through its share of management troubles, and is now taking the next step: it is moving out of the city and relocating its corporate headquarters/executive management from…
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Technologies / Formats, Broadband, dubai, roo group
Joseph Weisenthal
Feb 8, 2008 8:50 AM
Ever since internet video firm Roo Group underwent a shakeup last December, we’ve been wondering about the status of News Corp.‘s (NYSE: NWS) investment in the company, which was originally announced in January ‘07. At the time, Roo said News Corp. would take a stake of up to 10 percent…
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Media & Publishing, TV, IPTV, Money, Companies, News Corp., roo group
Joseph Weisenthal
Jan 14, 2008 11:20 AM
New York-based Roo Group, the OTC-traded and troubled video aggregator and IPTV provider in which News Corp has a stake, has announced restructuring plans including closing the business solutions division, laying off employees, focusing on international IPTV and bringing on new management. Recall that in December, the company announced that…
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, kaleil tuzman, roo group
Joseph Weisenthal
Dec 19, 2007 9:43 AM
Following yesterday’s disclosure of board resignations and allegations against management, video aggregator Roo says it is appointing Kaleil Isaza Tuzman, currently President and COO of JumpTV, as its new CEO, replacing Robert Petty. JumpTV (TSE: JTV) had announced in October that Tuzman would be leaving in January to pursue other…
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, kaleil isaza tuzman, robert petty, roo group
Joseph Weisenthal
Dec 18, 2007 11:08 PM
All four independent board members of video aggregator Roo Group have resigned effective immediately. The OTC-BB traded firm said in an SEC filing that Douglas Chertok, Simon Bax (former CFO, Pixar), Stephen Palley (executive director, Pali Capital) and Scott Ackerman informed the company of their decision to leave. The four…
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Legal, Social Media, Video, roo group, wurld media
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