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Report: Viacom to Acquire Online Video Site IFilm for $50 Million

Authored by Mark Hefflinger on September 26, 2005 - 7:52am.
San Francisco -- Media conglomerate Viacom is expected to purchase the video-on-demand website IFilm for $50 million in a deal that will close in the next several weeks, CNET News.com reported, citing people familiar with the matter. The deal would likely place IFilm, which hosts short films, movie trailers, amateur videos and other content, under the Viacom umbrella that includes MTV Networks and Paramount Pictures.
tags: Reports | Viacom | Acquire | Acquisition | IFilm | Online Video Site |