Yahoo has acquired and shut down EvntLive.
EvntLive broadcasted live streaming and on-demand concerts on various platforms. Their team is joining Yahoo’s video team.
EvntLive’s investors include Troy Carter and Vint Cerf. Judy Estrin was the company’s Executive Director. She is currently on the Board of Directors at Walt Disney and FedEx. Neither Estrin nor EvntLive’s co-founders will be joining Yahoo.
Days before this happened Yahoo acquired Ptch, another video app which is now in the process of shutting down. Ptch’s blog said: “We’ll be able to focus our efforts and leverage our technology to make Yahoo’s photo and video platforms the best in the world”.
Yahoo is not exactly a leader in video and their video hub Yahoo Screen could use some serious work. These acquisitions seem to be part of a plan to boost Yahoo’s video using technology and people from acquired startups.