- Daily video blog Rocketboom has handed over its distribution and ad sales to Sony Pictures in return for a seven figue guarantee plus a share of the revenues. Rocketboom will be distributed on Crackle as well as other Sony platforms including PS3, PSP and Bravia I-Link TVs.
To quote: Rocketboom founder Andrew Baron
says he went with Sony because of Sony's distribution strengths and the deal allows him to maintain control of the business. (Whereas selling the business to another media buyer, such as WallStrip did to CBS a year ago for $5 million, would have required him to give up his baby).
The deal is structured as a distribution and advertising deal, and sounds like it could lead to a closer relationship or outright sale if things go well. But if they don't, Rocketboom would regain complete control of distribution and ad sales after the contract expires.
Rocketboom's current distribution through YouTube, iTunes, Tivo, and elsewhere will remain intact. Sony will sell ads across those distribution channels as well. Baron claims more than Rocketboom is watched more than one million times a month across all channels, and sometimes spike to several million views. But as one of the first Web video shows, Rocketboom has always been better at creating videos than at selling ads.