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PlayPhone acquires Pitch Entertainment Group
for European
mobile expansion
VentureBeat
By Dean Takahashi
May 7, 2008
Mobile entertainment provider PlayPhone is announcing today that
it has acquired Pitch Entertainment Group as part of its global
expansion. The purchase price wasn't disclosed.
San Jose, Calif.-based PlayPhone aggregates mobile content and
offers it directly to consumers, who can download it onto their
mobile phones. Pitch Entertainment Group, based in London, does
the same thing in the European and Brazilian markets.
PlayPhone specializes in obtaining content from big brands from
Disney to Sony. Then it takes that content direct to mobile phone
consumers. Combined with Pitch Entertainment Group, the two companies
will be able to reach 400 million mobile phone consumers, said
Ron Czerny, CEO of PlayPhone, in an interview.
"We grew 400 percent in 2007," said Czerny.
The top content — more than 60,000 branded items — includes music,
particularly hip hop; games, videos and wallpapers. Czerny said
that the company plans to reach a billion users by the end of 2009.
The companies will have 200 employees and offices in dozens of
countries including Europe, North America, Brazil, Africa and China.
PlayPhone has raised $30 million to date. It last completed an
$18.75 million third-round of funding in May, 2007. Its investors
include venture firms Menlo Ventures, Cardinal Venture Capital
and Scale Venture Partners. Pitch Entertainment Group was privately
owned. PlayPhone plans to raise a new round soon.
The combined company will compete with rivals such as Spain's
Zed Group and Jamster, which is owned by News Corp. and Verisign.
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