Break.com Gets $21 Million from Lionsgate
7/13/07 – Lionsgate Entertainment said this week that it has invested $21 million in Los Angeles-based online video site Break.com. Lionsgate, based in Vancouver, did not disclose the terms of the deal, but reports indicate the investment gives Lionsgate a 42 percent stake in the company.
The companies said that as part of the investment, Lionsgate will be able to distribute its content and promote its movies on Break’s web site.
Break.com is very clearly targeted at young males, highlighting features like “Girl of the Day” in addition to its video sharing service. The company was actually founded in 1998 as “Big-Boys.com,” survived the collapse of the Internet bubble and is emerging as a significant player in the very active online video segment.
This is the second major online video content announcement this week involving local companies. On Wednesday, Los Angeles-based Spot Runner and the United Talent Agency launched content firm 60Frames Entertainment.
Break.com – www.break.com
Lionsgate – www.lionsgate.com
