Upcoming Industry Conferences
Streaming Media West [19-20 November 2019]
Live Streaming Summit [19 November 2019]
Past Conferences
Streaming Media East 2019 [7-8 May 2019]
Live Streaming Summit [7-8 May 2019]
Content Delivery Summit [6 May 2019]
Streaming Forum [26 February 2019]

Streaming Media
Magazine

Winter 2019
Subscribe


Digital Editions

Current Issue:
Spring 2019 (Sourcebook) 

 

 

 


AOL Europe Acquires Goviral
Purchase allows AOL to better deliver video at scale and serve its advertising clients.

AOL Europe enhanced its online video reach with today's acquisition of branded video distribution network Goviral. The purchase allows AOL to better deliver at scale, strengthening its position in Europe and, ultimately, the United States. The purchase price was $74.1 million, with an additional $22.6 million in deferred compensation to be paid over two years.

The purchase is the latest in AOL's move to recast itself as a top online video destination.  

"Video is core to AOL's consumer programming strategy and Goviral has created an incredibly compelling platform that delivers highly measureable and cost effective solutions to publishers and advertisers," says Kate Burns, senior vice president at AOL Europe. "We believe that Goviral offers a unique proposition in today's market, and allows us to match our ambition for premium content creation and engaging advertising, with highly targeted distribution at scale. We look forward to welcoming this truly talented and innovative team."

Currently, Goviral's content distribution network includes over 18,000 publishers in 24 verticals. Its clients' reach extends to over 350 million viewers, with over 60 million views each month.

AOL has been on a spending spree lately. In 2010, it acquired StudioNow, 5min Media, TechCrunch, Thing Labs, Pictela, and about.me.

Related Articles
First launched in the U.S. and Canada, AOL On now has a U.K. site that features original and partner videos targeted to the U.K. viewer
In a study of consumer preferences, AOL finds video sharing is an expression of personality, and people like to brag about their finds.