Alloy Digital, the company behind YouTube’s young-adult oriented SMOSH and Clevver Media networks, last month received $30 million in Series A financing from ABS Capital to fuel growth and already is putting it to use. The companies say the deal to acquire Digital Broadcasting Group‘s video syndication network will give Alloy a reach of nearly 80 million unique viewers monthly and deliver more than 1.5 billion monthly streams. Here’s the release:
(New York, NY) April 17, 2013 – Alloy Digital, LLC (“Alloy Digital” or the “Company”), a leading next generation media company, recognized for its portfolio of top-ranked content brands and proprietary networks, today announced that it has signed a definitive agreement to acquire Digital Broadcasting Group (“DBG”), one of the foremost distributors, creators, and producers of premium content and video advertising across digital media platforms. The transaction creates a powerful digital force by combining DBG’s massive video syndication network with Alloy Digital’s top-ranked digital distribution network, which includes some of the most popular digital entertainment brands.