You will be redirected back to your article in seconds

Ovitz’s Lynx Group links with Octopus.com

Data-collecting dot-com to get client base

HOLLYWOOD — Michael Ovitz’s Lynx Technology Group has inked a consulting deal with Octopus.com, a startup that enables Netizens to gather info from their favorite Web sites.

As part of the relationship, Lynx will push Octopus’ technology to established and emerging media business partners and clients. No investment is part of the deal.

Ovitz’s involvement is the second major boost to the Silicon Valley-based startup in recent months. In May, Netscape Communications co-founder Marc Andreessen joined the company’s board of directors.

Octopus reaching out

Octopus has already inked pacts with several online entertainment firms including E! Online, Dimension Music, GameSpy Industries and Hollywood Stock Exchange.

“We’re very attracted to distribution platforms,” Lynx managing director Peter Levin said. “We’re not in the end-user content creation game. Octopus employs a completely new way of distributing and syndicating content on the Web. This partnership enhances Octopus’ presence in entertainment while adding value to the relationships Lynx already enjoys in the Internet arena.”

Lynx has similar consulting and investment deals with AskJeeves.com, Campus Pipeline, Gamespy Industries, Shockwave.com and Scour.

Octopus, launched last year by co-founder and CEO Steve Douty (who helped launch free e-mail service Hotmail), allows people to collect data — text, images, video files — from various dot-coms onto a single page.

So far, site has focused on offering financial information but plans to do the same for entertainment content geared toward high-speed Internet connections. Content is automatically updated and displayed whenever the page is loaded. “There is a huge amount of content and talent in the entertainment business that gets little if any play on the Internet,” Douty said. “Not only is Lynx richly connected to hundreds of musicians, filmmakers, animators and other top artists — they also are highly motivated to offer Octopus as a compelling platform for these artists to reach their desired audiences in highly relevant ways.”

More Digital

  • Vaccination

    YouTube Yanks Ads From Anti-Vaccination Conspiracy Channels

    YouTube, under fire for facilitating the spread of conspiracy theories and other misinformation, said it will no longer serve ads on channels that espouse anti-vaccination rhetoric. The Google-owned video giant cited its advertising policy that bans “dangerous and harmful” content from eligibility in its monetization program. “We have strict policies that govern what videos we [...]

  • Evan Williams, Twitter founder (R) and

    Twitter Co-Founder Evan Williams Steps Down From Company’s Board

    Twitter co-founder Evan “Ev” Williams is stepping down from the company’s board, Twitter announced in a SEC filing Friday afternoon. Williams will depart from the board at the end of this month, according to the filing. “It’s been an incredible 13 years, and I’m proud of what Twitter has accomplished during my time with the [...]

  • Facebook Logo

    Facebook Shuts Down Controversial Ovano VPN App

    Responding to a continued backlash over its data collection practices, Facebook pulled the plug on its Ovano VPN app Friday. Ovano, which promised users an added level of privacy while using public Wifi hotspots, was used by Facebook for market research purposes. Facebook removed the app from the Google Play store Friday, and the company [...]

  • Smosh

    Smosh Acquired by Rhett & Link's Mythical Entertainment

    UPDATED: Smosh, the long-running YouTube comedy brand, has been acquired by Mythical Entertainment, the company formed by Rhett & Link, hosts of comedy show “Good Mythical Morning.” As first reported by Variety last week, Mythical emerged as the leading candidate to buy Smosh, which was left stranded after parent company Defy Media shut down without [...]

  • China Video Streaming Giant iQIYI Loses

    Chinese Video Giant iQIYI Loses $1.3 Billion in 2018

    Chinese video streaming firm iQIYI lost over $1.3 billion in 2018, as revenues and subscriber numbers ballooned. The deepening losses reflected ever higher spending on original content production. Announcing its first full-year financials since a March IPO that launched it onto the NASDAQ, iQIYI said that it lost $1.3 billion (RMB9.1 billion) last compared with [...]

  • Roku headquarters

    Roku Aims to Top $1 Billion in Revenue in 2019, Beats Holiday Quarter Earnings Expectations

    Roku wants to become a billion-dollar company in 2019, and invest more in its ongoing international expansion. The streaming-device maker told investors on Thursday that it expects to generate between $1 billion and $1.025 billion this year, and that international growth was one of its key investment areas for 2019. Roku made these announcements as [...]

More From Our Brands

Access exclusive content