Live Post
McDonald’s to shut down 169 outlets in India
Triple talaq violates rights of Muslim women: SC
WhatsApp Coloured Text Status Now Rolling Out to Android and iPhone
Airtel to launch its own Rs 2500 4G smartphone before Diwali
Sasikala uses 'barricaded corridor' in jail premises as private space, claims former DIG Roopa
Police verification for passport to go online within a year
'Routine run' kills second IMA cadet in 2 days; 5 in hospital
MLAs supporting TTV Dinakaran meet Governor, demand Palaniswami's removal

Defy Media acquires Viacom’s digital gaming assets

MUMBAI: Defy Media has acquired Viacom’s gaming focussed digital properties Addicting Games , GameTrailers and Shockwave , extending the company’s portfolio of digital properties and further strengthening its reach to 13-34-year-old consumers.

In consideration for the digital properties, Viacom will receive a minority interest in Defy (formed by the Alloy Digital and Break Media “merger of equals”).

The two companies have also entered into marketing and content syndication agreements that will draw on their respective scale and expertise in developing and distributing entertainment to influential audiences.

The addition of Viacom’s digital gaming properties significantly expands and deepens Defy’s gaming and entertainment portfolio, which now includes GameTrailers , Smosh Games (ranked among YouTube’s fastest growing channels ever), award-winning The Escapist and Gamefront , along with other digital properties and premium partners focused on the interests of gaming enthusiasts.

The transaction adds new revenue streams for Defy, including subscription-based platforms, while also greatly expanding the company’s targeted offerings for advertisers.

Defy Media CEO Matthew Diamond said, “We formed Defy with the belief that our infrastructure and brands represent the strongest platform in digital media for reach and scale to the 13-34 year old audience and with Viacom’s partnership we now have additional assets and support to fulfill that vision. These outstanding brands represent meaningful and diverse revenue opportunities we aim to expand across our existing brand portfolio.”

The transaction is the latest move in expanding Defy’s online reach and further diversifies a brand portfolio that already includes Break, Smosh , AWEme, Clevver, The Gloss, Made Man and Screen Junkies .

In total, the company’s owned and operated reach now exceeds 155 million monthly unique viewers watching more than 400 million monthly videos monthly. The Defy Media brands attract 40 million YouTube subscribers and 55 million followers on social media (both up by 40 per cent since the merger), and they recently crossed the 10 million mark in downloads of video viewing mobile apps.

Defy Media’s content ownership model and sophisticated distribution capabilities make the company a logical partner for Viacom, which will benefit from Defy’s targeted digital brands for young audiences. The investment in Defy Media allows Viacom to benefit from the company’s substantial reach and also tap into unique content and marketing opportunities with the company’s top digital talent and personalities.