YouTube Acquires Next New Networks

Wade Roush3/8/11

San Bruno, CA-based YouTube, the online video network owned by Google (Nasdaq: GOOG), has acquired New York-based Next New Networks, the startup’s departing CEO Fred Seibert confirmed in a blog post yesterday. The four-year-old startup, which helps package and promote video content from independent producers, “will become a core component of YouTube Next, a new team that will focus on supercharging content creator development on YouTube, driving deeper expertise in partner audience development, and incubating new ideas that can be shared with the broader community,” Seibert wrote. Terms of the acquisition were not disclosed.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @