After buying Tumblr and about half of the web, Yahoo seemed content to ride out the rest of 2013 with a focus on its owned properties (albeit Yahoo did pick up Katie Couric). As they say though, the best laid plans… and so on.
Today, it was announced that Yahoo has picked up streaming platform Evntlive.
In an announcement released on Evntlive’s website, the live streaming concert provider writes:
“When we started EVNTLIVE in early 2012, we set out to change the way that fans engage with live music online by creating an interactive, virtual venue. Since launching our beta service in April 2013, we have live streamed hundreds of performances from amazing artists and festivals to fans all over the world.”
Before being acquired by Yahoo, Evntlive offered users streaming live concerts with multiple camera angles and interactive elements like live chats. According to Evntlive’s announcement, the company will cease operations and its team will be absorbed into Yahoo’s video teams at Yahoo Screen and Yahoo music. Evntlive writes, “Although our service will no longer be available, we are excited to be joining Yahoo’s video team.”
Previously, the company launched with around $2.3 million in funding from serial entrepreneur Judy Estrin, Vine Cerf, Yogen Dalal, and Dave House. The details of the acquisition were not disclosed by either Yahoo or Evntlive.