Shout! Factory, in partnership with entertainment industry veteran Fred Seibert, has acquired the wildly popular Video Time Machine iOS app from Original Victories. Terms of the deal were not disclosed, according to a report by Daily Variety [1].
Created by Justin Johnson, Matt Capucilli and Delbert Dean Shoopman III, Video Time Machine collects more than a century of movie clips and trailers, commercials, TV broadcasts and other forms of video into one app that now goes for $2.99 on iTunes. Users access the material by selecting a year of origin plus a genre (from movies, music, television, news, sports, games or advertisements).
Two months after it launched in June 2011, VTM bumped the Angry Birds app out of the top spot as the most downloaded iPad app.
“This acquisition brings together two popular entertainment brands that complement each other in many ways,” Shout! Factory’s founders Richard Foos, Bob Emmer and Garson Foos said in a statement, along with Fred Seibert, president and executive producer of Frederator Studios, which is partnering with Shout! Factory on the apps.
“As we continue to expand our footprint in sharing our pop culture faves across all major entertainment platforms, this is a dynamic business opportunity and positions us well to provide a unique entertainment experience at a time of exciting change in the entertainment industry,” the statement reads.
The Shout! Factory deal also includes two other apps: Political Time Machine, which features video content like candidate’s speeches, and Holiday Time Machine, which offers holiday-themed clips, commercials, animation and music. Shout! Factory plans an application that supports the Android platform as well.
Links:
[1] http://www.variety.com/article/VR1118055304?refCatId=14