AFI BLOG: Media and Technology

MTV Networks Takes Stake In Online Video Site GoFish, In Return For Distribution - paidContent.org

GoFish, the online video entertainment site which unsuccessfully tried to buy Bolt.com earlier this year, has now done a couple of strategic tie-ups, both resulting in the company allotting its shares (it is an OTC-trade company), according to an SEC filing. The first is UK-based MiniClip, where GoFish (OTCBB: GOFH) will sell ads on MiniClip site for U.S. territory, in return for certain shares and guaranteed revenue payments.

The second deal is with MTV Networks, (NYSE: VIA) under which GoFish has a non-exclusive license to distribute and market some MTVN video content, and will do revenue share on the content. In return, MTVN gets 1 million shares of GoFish, and certain participation rights in future financings. More in the filing.