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August 10, 2006

Viacom is buying Atom Entertainment for an easy twenty million a cool 200 million adding to it’s holdings of online video distribution sites.

Atom Entertainment, which consists of AtomFilms, hosting site AddictingClips, AddictingGames and Shockwave, will now be owned by the same company that owns iFilm.

Viacom is a massive media conglomerate already in possession of CBS, Blockbuster, and Paramount Pictures.

- Anne


Originally posted by lp from loadedpun.com, remediated by yatta on Aug 10, 2006 at 08:16 PM