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Showing posts with label deals. Show all posts
Showing posts with label deals. Show all posts

Wednesday, July 20, 2011

Kickstarter has funded 10,000 projects

"On July 6th, a project called Citizen is releasing a 7” record! from a band in Toledo, Ohio, was funded by 28 backers, becoming the 10,000th successfully funded project in Kickstarter history.
Ten thousand successful projects is a big milestone. Watching projects from every corner of the creative spectrum come to life has been a wonderful thing, and to see what they've accomplished in aggregate is remarkable. Congrats to Citizen and the 9,999 other projects that made their accomplishment possible!
To celebrate, let's take a look at a few other milestones that Kickstarter has reached since our two-year anniversary post in April.
Project Statistics (current as of 7/17/2011)
Launched Projects: 26,620
Successful Projects: 10,388
Unsuccessful Projects: 13,113
Live Projects: 3,119
Success Rate: 44%"
Note - see the full blog post for a breakdown by month, by category etc

Thursday, June 30, 2011

News Corp sold MySpace for over $500m less than the purchase price

"MySpace, the long-suffering Web site that the News Corporation bought six years ago for $580 million, was sold Wednesday to the advertising network Specific Media for roughly $35 million.
The News Corporation, which is controlled by Rupert Murdoch, had been trying since last winter to rid itself of the unprofitable unit, which was a casualty of changing tastes and may be a cautionary tale for social companies like Zynga and LinkedIn that are currently enjoying sky-high valuations.
Relief over the sale was palpable on Wednesday, and not just at the News Corporation. Wall Street “just wanted it done, because it’s been a real drag on growth,” said Michael Nathanson, a media sector analyst for Nomura Securities.
Terms of the deal were not disclosed, but the News Corporation said that it would retain a minority stake. Specific Media said it had brought on board the artist Justin Timberlake as a part owner and an active player in MySpace’s future, but said little else about how the site would change.
The sale closes a complex chapter in the history of the Internet and of the News Corporation, which was widely envied by other media companies when it acquired MySpace in 2005. At that time, MySpace was the world’s fastest-growing social network, with 20 million unique visitors each month in the United States. That figure soon soared to 70 million, but the network could not keep pace with Facebook, which overtook MySpace two years ago.
As users fled MySpace, so, too, did advertisers. The market research firm eMarketer estimates that the site will earn about $183 million in worldwide ad revenue this year, down from $605 million at its peak, when the site introduced many Web users and many advertisers to the concept of social networking."

Tuesday, April 5, 2011

Advertising group Interpublic owns approximately 0.4% of Facebook

"Advertising group Interpublic Group owns a stake in Facebook that could be valued at roughly $200 million to $300 million, The Financial Times reported.
The exact size of the stake has not been disclosed, but people close to Interpublic say it owns slightly less than a half percent of Facebook, the newspaper said in its electronic edition. Interpublic paid less than $5 million for the stake in 2006, the newspaper said.
Interpublic's stake of 0.4 percent would be worth $200 million, based on a Facebook valuation of about $50 billion, the newspaper said."
Source:  Reuters, 4th April 2011
Note - Interpublic includes Initiative, McCann, Lowe, Draftfcb etc - full list here

Wednesday, March 30, 2011

The Cheezeburger network bought Know Your Meme for 'a seven figure sum'

"In a deal that combines some of the Internet’s most loved memes with the definitive site chronicling them, the Cheezburger Network has acquired Rocketboom’s Know Your Meme. The acquisition, first reported by Tubefilter and confirmed by Rocketboom and Cheezburger, was reportedly valued in the low seven digits — though neither party would publicly comment on the price.
Know Your Meme was created in 2007 as a complement to videos Rocketboom was creating at the time. The site included a wiki designed to curate all the memes that were hitting the Internet, as well as a blog to chronicle all the latest meme news. But the most famous part of the project was probably the long-running Know Your Meme web show, which provided easy-to-understand video companions to many of the Internet’s most (in)famous memes."