Comcast buys build-your-own-YouTube site
Online publishing blog PaidContent.org is reporting that ThePlatform, a startup that builds customized, YouTube-like video-sharing websites for corporate customers, has been purchased by Comcast for more than $80 million. PaidContent's Rafat Ali -- who also got a big check of his own recently -- reports that he heard Comcast and ThePlatform were in acquisition talks late last year. The cable provider already uses ThePlatform to power TheFan, its online-video website that's used by traditional video providers like ABC, CBS and ESPN. For now, Comcast plans to let ThePlatform keep running sites for its other customers, like ABCNews.com and CourtTV. The upshot? Expect Comcast to get serious about online video, now that it has an in-house technology platform.
Posted by Owen Thomas 10:50 AM 0 Comments comment | Add a Comment

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.