Seattle Office of Film + Music


MYSPACE WILL ACQUIRE ILIKE
August 20, 2009, 11:49 am
Filed under: Miscellaneous, Music | Tags: , , , , , , ,

The Hollywood Reporter
News Corp.’s MySpace unveiled its first acquisition under CEO Owen Van Natta on Wednesday, saying it will buy iLike, the firm behind the top music application across social networks, including competitor Facebook. Van Natta announced the deal in a conference call with reporters, saying he wants to take the iLike approach to areas beyond music. He particularly mentioned entertainment, video and games as key focus areas for MySpace, in which iLike could develop future applications. Asked by The Hollywood Reporter about possible film apps, Van Natta said: “Film is an important part of MySpace…It is one of the areas that’s a potential.” Blog reports in recent days have buzzed about a potential deal for iLike. While the companies didn’t disclose the purchase price Wednesday, reports have put it at anywhere between $13.5 million and $20 million.


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