HandHeld Entertainment to Acquire eBaum’s World
The ZVUE Network to become one of the world’s largest providers of user-generated videos
HandHeld Entertainment, Inc., a global digital entertainment company, today announced that it has entered into a definitive agreement to acquire eBaum’s World, Inc., one of the Internet’s premier online entertainment sites, offering user-generated videos, games, jokes, photos and other content.
Founded in 1998, eBaum’s World (www.eBaumsWorld.com) is one of the oldest and most successful user-generated content (UGC) sites in the world, generating approximately $5.2 million in revenue and $1.6 million in net income before income taxes in 2006. During the last 12 months, eBaum’s World served more than 2.5 billion unique page views and video streams, with an average time on site per user visit of more than 10 minutes. As a pioneer of viral video, eBaum’s World has helped shape the UGC market with its loyal following and growing community, becoming one of the world’s largest independent online publishers of humor-related content. The company has relationships with such leading media companies as AOL Video, Facebook, FOX Mobile and others.