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PlayPhone Will Merge With Pitch Entertainment
To Get Global Reach
MocoNews
By Tricia Duryee
May 7, 2008
PlayPhone, a mobile content company based in San Jose, CA, plans
to announce this morning that it is merging with London-based Pitch
Entertainment Group to expand its coverage to more than 20 countries
across Europe, Asia and Africa. The two companies didn't disclose
how the deal was being completed or if any money was exchanging
hands, but PlayPhone said through the merger, it will be able to
offer increased distribution for its content partners, which is
a high-profile list, including SONY BMG, EMI Group, Cartoon Network,
SEGA, Bandai, Disney (NYSE: DIS), Glu Mobile (NSDQ: GLUU), and
others. PlayPhone said Pitch Entertainment is led by CEO Martin
Bowley who will bring a lot of expertise on board through his other
roles as chairman of the British Television Advertising Awards,
chairman of the British Television Craft Awards and as the former
CEO of Carlton Media, where he managed and lead the TV and cinema
sales business. A year ago, PlayPhone raised almost $20 million
from Scale Venture Partners, Cardinal Venture Partners and Menlo
Ventures.
Rafat adds: Bowley spoke at our London roundtable on mobile content
late last year, and seemed very well versed with issues surrounding
the advertising and branded content market. When I asked him about
the meaning of open networks and its effects on the mobile content
market, here's what he said: "It must mean that whatever a consumer
wants on his or her phone, they should be able to get it. If they
can't get it, then it is not fully open. How open can handsets
become? Handsets will become irrelevant after the design issues
get solved."
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