Sony Pictures has acquired Web video-watching site Grouper for USD 65 million. Michael Lynton, Sony Pictures chairman and chief executive, said, "I think user-generated content and the sites around (them) are businesses or platforms unto themselves in the same way that television networks (are)," Lynton said. "There is a big piece of the entertainment/media business this touches."
"It's not as much a way of promoting our movies or television shows as a stand-alone business that has growth opportunities," Sony Pictures Chief Executive Michael Lynton said. "The idea is for Grouper to stand on its own two feet and make money for us."
