Photobucket Buys Social Video Platform Milyoni, Its Second Acquisition This Year


Photo-sharing site Photobucket has just acquired its second company in a matter of weeks, following its pickup of photo chat app Lasso in March, which was fueled by the recent injection of $3.6 million in new funding. Today, the company will announce it has bought social video platform Milyoni, best known for its development of an interactive card format for digital content called “Madcards,” which are designed to work on mobile devices.

Milyoni, founded in 2009, and backed by $30+ million in outside funding from Oak Investment Partners, ATA Ventures, and Thomvest Ventures, according to CrunchBase, works with entertainment companies, brands and artists, often in the music or movie industries. Its partners today include Universal Music Group, iHeartRadio, MasterCard, Columbia Records, Universal Pictures, Lionsgate, Fender, Monster Energy and Paramount Studios.

The company’s other claims to fame include being the first to launch feature-length films on Facebook, and…

View original post 266 more words

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: