Vancouver-born Peerflix acquired by Live Universe

Posted by Rob Lewis

Danny Robinson of Bootup Labs & Strutta blogged yesterday about the acquisition of Peerflix by Live Universe - a company started by MySpace founder Brad Greenspan.

Peerflix is a company I founded back in 2004 with Billy McNair. I’m happy to announce that LiveUniverse, started by MySpace founder Brad Greenspan, has acquired Peerflix.com. Terms of the deal will not be disclosed.

Peerflix started as a peer-to-peer version of Netflix where users traded the DVDs they own with each other for $0.99 each. Later Peerflix morphed into a much more lucrative business called the Peerflix Media Ad Network. Kind of an ad network in the movie industry vertical. In the process, Peerflix acquired TheMovieBlog which helped to achieve critical mass.

Most people don't know that Peerflix was actually founded a year earlier by Robinson and Tim Stewart (currently CTO of GiveMeaning.com). After a mention in the New York Times and a resulting flurry of interest from VCs in the U.S. in early 2004, Robinson recruited Bily McNair and opened an office in Palo Alto. In March 2007, Robinson consolidated Peerflix in California, appointed McNair as CEO, and left to work on Strutta locally.

Company:
Bootup Labs
Website:
http://www.bootuplabs.com
Location:
Vancouver, British Columbia, Canada

Bootup Labs is a seed accelerator in Vancouver, BC that helps founders and companies go "from concept to company." Bootup Labs recruits promising entrepreneurs and provides mentorship, ongoing support and office space to help define their business and, if required, secure venture financing. Companies receive $150k in financing. Focus exclusively on Internet based businesses including casual gaming, consumer... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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