Online video platform developer Episodic is the latest company to be taken over by Google Inc. (GOOG).
Google owns YouTube and, observers say, the Episodic transaction may be just the push Google needs to monetize the popular video site, thanks to Episodic’s relevant technologies.
The deal comes as Google rival Apple Inc. (AAPL) has released the iPad. The device will only create more demand for streaming Internet video, so the timing is right for Google to attack YouTube’s ability to make money. How that will happen remains a bit of a mystery.
Google and Episodic did not disclose the financial terms of their deal. The Episodic acquisition marks Google’s fifth so far this year.
In an April 2 blog, Episodic co-founders Noam Lovinsky and Matias Cudich wrote that they are “extremely excited about this new partnership and what it means for our customers and the evolution of online video.” Episodic’s employees will become part of Google and “work to bring a great video experience to the Web, mobile phones and IPTV devices. There will be no interruption in service for existing Episodic customers,” they added.
As for why Google and Episodic teamed now, here’s the answer from Lovinsky and Cudich: “At Episodic, we have always felt that these are the very early days of online video and that there is far more growth to be had. To put it in perspective, our industry is barely 15 years old. We’ve just received our learner’s permit, we still can’t drive without adult supervision and we’re certainly not old enough to buy a drink … legally.”
@SamsungMobile Unfolds the #GalaxyFold Fold at Unpacked, Adds #5G phone and #WiFi6 at #Unpacked2019 goo.gl/fb/W9B9Fz
February 22 2019 @ 21:34:52 UTC
.@MNJTechnologies and @MomentumTelecom made this week's list of most read stories. See who else made the list. goo.gl/fb/tLXktc
February 22 2019 @ 20:00:55 UTC
4 Reasons a Small Business Should Avoid Borrowing goo.gl/fb/2CKmQT #businessstrategy #opinions #channelpartnersinsights
February 22 2019 @ 17:19:51 UTC
.@AireSpring hires former @CenturyLink @MegaPath execs as regional #channelmanagers. #cloud #SDWAN goo.gl/fb/1nEQSQ
February 21 2019 @ 17:45:02 UTC
.@BCNTelecom1 expands its agreement with a long-time partner. goo.gl/fb/S25Sjj
February 21 2019 @ 02:23:04 UTC
RT @Channel_Expo: We're proud to announce AT&T as our Official Security Sponsor! Meet with them at #CPEXPO at booth 531 >> https://t.co/uT…
February 20 2019 @ 21:19:29 UTC
.@MomentumTelecom acquiring Metro Optical to expand portfolio. #UCaaS #SDWAN goo.gl/fb/16EkGM
February 20 2019 @ 21:10:12 UTC
What led to @MNJTechnologies winning over a customer from a major carrier? It wasn't just cost. goo.gl/fb/Zt3swJ
February 19 2019 @ 23:50:48 UTC