VICTORIA – Minute Media, a global technology and sports content company, has successfully completed the acquisition of STN Video, a North American leader in sports content distribution. STN Video has premium partnerships with every major league in the US and operates an acclaimed Online Video Platform, connecting with tens of millions of unique users across the web.
Matthew Watson, CEO of STN Video
This strategic acquisition fortifies Minute Media’s ecosystem of owned sports content brands, distribution partners, and advertisers by introducing additional technology capabilities, enhanced distribution channels, and exclusive sports highlight content rights.
“STN Video was built for distribution partners who care about content, user experience and monetization,” said Matthew Watson, CEO of STN Video. “We are thrilled to continue our journey with Minute Media to maximize our global video reach for content providers and advertisers across their unique platforms.”
STN Video’s award-winning, robust video platform seamlessly complements Minute Media’s existing Voltax Video infrastructure. This integration serves to bolster the company’s core strategic pillars of generating, disseminating, and capitalizing on premium sports and culture content. STN Video contributes a comprehensive video content library exceeding 2 million videos, featuring valuable content partnerships with all major US sports leagues and renowned entertainment organizations.
With this acquisition, Minute Media is well-positioned to further solidify its presence in the industry, leveraging the synergies between the two entities to continue providing high-quality sports content and unparalleled user experiences.
Headquartered in Victoria, BC, STN has additional teams in NYC and Miami and was founded in 2010. Today STN is recognized as a leading Online Video Platform (OVP) that brings together premium content, including sports highlight rights from the top leagues in North America, with cutting edge video technology, driving value for distribution partners.
Minute Media raised capital from both industry-leaders HSBC Innovation Banking and funds and accounts managed by BlackRock to help fund the deal.
Source: minutemedia.com & Business Examiner Staff
