ESPN Acquires Virtual Ad Insertion Firm Vistas Unlimited

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Bristol,
Conn.
– Disney’s (NYSE: DIS) ESPN has
acquired Vistas Unlimited, a developer of virtual ad and graphics insertion
technology for live sports broadcasts, Broadcasting & Cable reported.

Financial terms of the transaction were not disclosed.

Plano, Texas-based Vistas
has received a Sports Emmy Award and George Wensel Technical Achievement Award
for its technology.

The company’s AimPoint system is employed by The Golf
Channel, to enhance shots on the putting green in PGA and LPGA broadcasts.

"The
team that is joining ESPN brings a wealth of knowledge on developing
cutting-edge virtual components that enhance the fan’s enjoyment of a game
telecast," said Chuck Pagano, executive vice president of technology at ESPN.

 

Related Links:
http://snipurl.com/u4xvh

(Broadcasting & Cable)

http://www.vistasinc.com

Virtual Currency Platform gWallet Launches Venture Fund

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San Francisco
gWallet, a virtual currency platform for social media developers, is
launching a new venture fund, gWallet Ventures, that will invest in social
gaming companies, TechCrunch reported.

San Francisco-based gWallet itself just
raised $12.5 million in its first round of funding in December, led by Adams
Street Partners.

Founder Gurbaksh Chahal told TechCrunch the company will use
excess proceeds from this round to fuel the investment fund.

The company is
already looking to invest in game developers and social gaming firms on
Facebook and MySpace, with an eye toward early-stage investments in the
$100,000 to $1 million range.

 

Related Links:
http://snipurl.com/u4xqa

(TechCrunch)

http://www.gwallet.com

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