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Company announces the purchase of video tech company StudioNow, the opening of a new development center in New York, and its hunt for a new chief technology officer.
StudioNow has figured out a way to link people who own video with someone who knows how to edit it.
The Web portal picks up 4-year-old video-syndication platform 5min as it strives to bolster its current video offerings.
David Eun, who dealt with AOL in his days as a Time Warner media executive, will be returning to the newly spun-off company and replacing the outgoing Bill Wilson.