DramaFever Looking to Sell, Valuation Could Hit $140M

/ Oct 9, 2014


And the M&A activity continues. This time, online video streaming service DramaFever is said to be in talks to sell, with a valuation somewhere between $120 million and $140 million. According to one source, DramaFever did over $20M in revenues last year.

Suitors said to be interested in the company include AMC Networks and European broadcast group RTL Group, according to our sources. Earlier, Recode reported that DramaFever has also held conversations with Barry Diller’s IAC, which owns Vimeo among other web and video properties. That report indicates that price for the streaming service could be anywhere from $80 million to $140 million.

Both AMC and RTL Group have existing relationships with DramaFever. RTL Group is owned by Bertelsmann, which is an investor in DramaFever through its Bertelsmann Digital Media Investments arm. AMC is also an investor. In total, DramaFever has raised more than $11 million from a group of investors that include AMC, BDMI, and MK Capital.

The relationship with AMC doesn’t end with its investment, either. DramaFever has been reportedly working on a project for the cable network that would take DramaFever’s existing infrastructure — AVOD meets SVOD, global streaming, etc. — and replicate it across multiple streaming sites.

It’s unclear exactly how close DramaFever is to a completed deal. Recode’s report suggests that the site has been on the block for quite some time now. But if completed, it would be the latest acquisition in a year of consolidations and investments between old and new media.

To date in 2014: Maker Studios sold to Disney and Fullscreen went to Otter Media, which is backed by The Chernin Group and AT&T; Collective Digital Studio sold a minority stake to ProSiebenSat.1; Tastemade raised $25 million from Scripps Networks Interactive and others; and StyleHaul is reportedly up for sale.

A rep for DramaFever declined to comment on this story.

*Jocelyn Johnson has previously worked with DramaFever. Sahil Patel contributed to this story.

Tags: , , , , , , , , ,


Matching Ads to Videos Not So Simple, According to Zefr’s...


Plug Pulled on Canadian SVOD Service Shomi


What’s Trending on the Twitter Sale

Machinima Logo

Machinima Teams with SiriusXM for Daily Esports Radio Show

Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!

AwesomenessTV, Vice, Complex to Power New HearstLive...


VIDEO: ‘Dirty 30’ Confessions with Stars Hart,...


Facebook Says It’s Sorry It Vastly Overestimated Video...


Pilgrim Media Group CEO Craig Piligian (‘The...


Heroes or Rats?: YouTube Unveils New Program for Creators Who...

Vessel says it's doing well in its first month

Why Verizon is Pursuing Vessel, the...


How Canvs Media is Harvesting Emotional Insights on YouTube,...


Marlon Wayans Getting ‘Naked’ for Netflix with Regina Hall


HuffPost RYOT Launching Virtual Reality Comedy Series and News...


YouTube Launches #voteIRL Campaign Targeting Digital-First Generation


How Top YouTubers (incl. Tyler Oakley & Meghan Rienks)...


Charlie Sheen to Star in Crackle Feature ‘Mad Families’


Gunpowder & Sky Buys Distributor FilmBuff As Vision for...


Toy Freaks Top Viewed YouTube Channel in August According to...


Emmy Wrap-Up 2016: Jeffrey Tambor (‘Transparent’)...


Twitter Scores 2.1 Million Viewers for Thursday Night Footall Kickoff


Vloggers Not Unique Snowflakes: 90 Million Flag YouTube Videos...

Mode Media

‘Billion Dollar Startup’ Mode Media Shuts Down


Who Is Winning The Marketing Revolution And Why?


Netflix Orders ‘She’s Gotta Have It’ Series...


What Is ‘Swedish Dicks’ and Who Is Selling It?


How GMC is Using the AOL Series ‘Seamlessly She’...


Liberty Global to Put Netflix on Set-Top Boxes in 30 Countries


Getting to the Spine of VR’s Monetization Challenges with...


Meredith Hosted Its Own “Front” Stacked with 20 New Series


Verizon and Hearst Move RatedRed.com and Seriously.TV Under...


Twitter Launches Live Streaming Apps for Amazon Fire, Apple TV...

YouTube Community

YouTube Fights Back Against Social Media Rivals with Community Feature

Casual Hulu

Vimeo Opening Television Store with Lionsgate Content, Launching...

A Perfect Day in LA Tastemade Jaunt VR Virtual Reality

From Donuts to Malibu, Tastemade and Jaunt Get Immersive in...

Defy Media

Defy Media Close $70 Million Series B Funding Round

YouTube Space LA Halloween Set 2016

YouTube Spaces Team with Jason Blum (‘The Purge’)...

Yahoo Esports

‘Yahoo Esports Live’ Serves Up Reeses Puffs with...


Univision and Lionsgate Team for SVOD Movie Service for U.S. Hispanics

People Entertainment Weekly PEN

People/Entertainment Weekly Ad-Supported OTT Service Preps for Launch

George_Kliavkoff Jaunt VR

Jaunt VR Hires Hearst Exec George Kliavkoff as CEO