The remains of NBBC will be merged into the NBC/ News Corp joint venture first announced in March.
The new service, dubbed Clown Co by some has long been discussed but to date is yet to appear. Strangely, News Corp recently launched MySpace TV, a YouTube competitor in its own right that will compete directly with the NBC/ News Corp joint venture.
In an interview with MediaPost, George Kliavkoff, NBCU’s chief digital officer justified the closure of NBBC as a step towards strengthening the NBC/ News Corp joint venture : “we saw that “NewSite” could use NBBC’s resources, so last Friday afternoon we agreed to contribute it to the NewSite effort.”
The closure of NBBC and the transfer of IP and talent does not extend to existing agreements. Over 150 partners of NBBC, including Hearst, A&E Television Networks, The Horror Channel, Vibe Media Group, CNET Networks and Forbes.com will be required to negotiate new contracts with the new service.