German entertainment conglomerate Bertelsmann, which made a move into the online kids/education market earlier this year, appears to be having second thoughts.
Bertelsmann is looking for an investor to buy some or all of Scoyo, which it launched in Germany in January of this year and previewed in the U.S. in September.
Here’s a good way to get your hands on scarce venture capital money: Create a start-up geared around Twitter-like “real-time” sharing and conversations. The newest entrant: Hot Potato, a buzzy start-up that’s supposed to let users converse about a particular event, whether they’re attending it in person or watching from afar. When it’s up and running, that is. The five-man crew doesn’t have users or a product just yet. But it has just raised around $1 million.
Is there anything you people won’t watch online? Doesn’t look like it, based on the newest Web video numbers from Nielsen. While stats show that the overall size of the Internet video audience has increased by 12 percent in the last year, the amount of video consumed has shot up 25 percent.
File under “interesting, but understandable”: After a flurry of election-related interest in October, traffic to red-hot Hulu fell off in November. Blame Sarah Palin–or the lack of her.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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