Brad Greenspan’s LiveUniverse acquires Peerflix
Peerflix is a company I founded back in 2004 with Billy McNair. I’m happy to announce that LiveUniverse, started by MySpace founder Brad Greenspan, has acquired Peerflix.com. Terms of the deal will not be disclosed.
Peerflix started as a peer-to-peer version Netflix where users traded the DVDs they own with each other for $0.99 each. Later Peerflix morphed into a much more lucrative business called the Peerflix Media Ad Network. Kind of an ad network in the movie industry vertical. In the process, Peerflix acquired TheMovieBlog which helped to achieve critical mass.
Great job to Billy and the team!