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Source:CenterNetworks

Glam Media has announced the acquisition of UK-based Monetise today. Monetise is an online media sales company founded three years ago. Monetise currently represents companies including: Flixster.com, TVGuide.co.uk, and ARTISTdirect.com. Terms of the deal were not disclosed.

The WSJ has more details on the acquisition which include a note that the company expects to bring in $25 million to $45 million of U.K.-based ad revenue next year. Overall, Glam expects $100 million in revenue in 2008, growing to $250 million to $350 million next year.

Back in February, Glam Media launched Glam International to focus on markets outside the U.S. Today’s acquisition fits nicely with their plan.

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This entry was posted on Tuesday, June 17th, 2008 at 9:31 am and is filed under Quick News, Acquisitions, London, Glam Media. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.