Hearst Corporation

  • KitSplit brings its peer-to-peer, creative equipment rentals to Washington, D.C.

    KitSplit brings its peer-to-peer, creative equipment rentals to Washington, D.C.

    KitSplit aims to help creative professionals rent the equipment they need, whether it’s basic video gear or something a little more high-tech, say a 360-degree camera or an Oculus Rift. The service launched last year in New York, and now it’s ready to expand, starting with its launch in Washington, D.C., followed by Philadelphia and Boston. Co-founder Kristina Budelis said KitSplit… Read More

  • Verizon and Hearst team up to buy Complex Media

    Verizon and Hearst team up to buy Complex Media

    Chalk this up as the latest major bet on the importance of mobile video for the future of digital media. Verizon Wireless and Hearst Corp. are set to jointly acquire Complex Media. The “video-first” lifestyle site, focused on pop-culture trends and general entertainment, will continue to operate independently, albeit with Verizon and Hearst now each owning 50 percent stakes in… Read More

  • Social Gaming Startup Diversion Raises Funding From Eric Schmidt, Michael Eisner, Others

    Social Gaming Startup Diversion Raises Funding From Eric Schmidt, Michael Eisner, Others

    Diversion, a Los Angeles-based social gaming studio backed by Shawn Fanning and Michael Eisner – who are billed as ‘founding advisors’ – has raised an undisclosed amount of seed funding from Google chairman Eric Schmidt’s TomorrowVentures, Hearst Corporation and Eisner’s The Tornante Company. Read More

  • Confirmed: IGN Buys UGO, Hearst Gets Equity In New Venture That Will Soon Spin Out

    Confirmed: IGN Buys UGO, Hearst Gets Equity In New Venture That Will Soon Spin Out

    News Corp’s IGN gaming and entertainment property has just acquired Hearst’s gaming and entertainment property UGO, we’ve confirmed with the company. And yes, the move is step one towards News Corp. spinning out IGN as its own property sometime relatively soon, we’re told. This news was first reported by MediaMemo a few days ago as the deal was still being finalized. I… Read More

  • UGO Entertainment Buys 1UP Gaming Network; EGM Bites Dust

    Hearst Corporation unit UGO Entertainment has agreed to acquire 1UP.com, a property attracting a gamer audience along with its associated sites including GameVideos.com, MyCheats.com and GameTab.com. There had been rumors about a pending acquisition for a couple of weeks (more specifically, reported by Joystiq), but yesterday evening the company released the official news. The acquisition deal… Read More