The Future of Media

Business Week reports that Kleiner Perkins Caufield and Byers have invested $10 million in Adam Curry’s podcast network:

This month, pioneer Adam Curry is launching a podcast network, with 30 to 50 shows that will split ad revenues. The concept won Curry a $9.8 million investment from Kleiner Perkins Caufield & Byers and Sequoia Capital, two top venture firms in Silicon Valley. "We saw the amazing adoption across the Net, and it was obvious that there was a big opportunity," says Mark Kvamme, a partner at Sequoia.

After spending 5 minutes with my 5G iPod (VidPod, VodPod?) the killer app is the video- not the voice. I already have several Podcasts (Vodcasts?) that are video-based. Jamming advertising into those podcasts would be a piece of cake. (Check out Channel Frederator if you haven’t already)

With acquisitions like Weblogs Inc. by big media- there’s an incentive to grab viewers/listeners/readers. I’m not sure how they’re going to spend that $10 million, but I’m sure they’ll find a way to do it. Will it give KPCB 50x their money in a (few) year’s time? Doubtful, but they have the connections to sell the network on at a healthy return. bought by Google

I mentioned this service a little while back… and now it’s been snapped up by Google. Why?

SAN FRANCISCO (Reuters) – “, a service that uses mobile phones to help people meet up with friends who are in the same location, said on its Web Site on Wednesday that it has been bought by Web search leader Google Inc. (Nasdaq:GOOG – news) Representatives from each company were not immediately available for comment. Terms of the deal were not disclosed.”

Via Yahoo! News

Groove Networks sells out


Groove Networks has been assimilated….

Groove Networks exists successfully to Microsoft after 8 years of development. Founder Ray Ozzie will be joining Microsoft as CTO:

Ozzie will have responsibility for influencing corporate-wide communication and collaboration products and associated platform infrastructure. He will report directly to Microsoft chairman and chief software architect Bill Gates.

(Via TJ’s Weblog “Technology, Venture Capital and Entrepreneurship”.)

Monstermob Buys U.S. Rival 9 Squared

UK mobile content group Monstermob has bought out Denver-based rival company 9Squared, for about $3 million cash and deferred payments later, which could add up to a total of about $30 million. (Some complex formula here… read this for exact details).
9 Squared supplies products under the RingTone JukeBox, mTat2 and Great American Country brands to various major US and international mobile network operators. The group is rolling out a subscription-based ringtone application on China Mobile, the largest mobile network operator in the world with more than 160 million subscribers.

Via mobile content news

(Note: Agnitio Capital was the advisor on this)

Mobileway and Inphomatch Merge

It’s a little disappointing to see that Mobileway has only been EBITDA profitable, while similar companies in Europe have been anywhere from profitable to “wildy profitable”. That being the case, I can see where this type of integration could provide clear advantages and cost savings, my only doubt is where they will go next. At $120 million in revenue, they will be worth watching. Via Venturewire