Magnify.net Takes Over Another Video Share Site

Written by Ryan Lawler

Tuesday, June 9. 2009 at 05:40 PM EDT Post a comment

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Video publishing and curation firm Magnify.net is expanding even further, with the news today that it has taken over the video-share site Vidiac.com.

Magnify acquired the rights to the Vidiac domain from CarDomain Network Inc., and will take over hosting and delivery for any Vidiac channels that are currently on the site.

As part of the deal, Magnify has entered into a revenue share agreement with CarDomain Network for any Vidiac users that sign up for Magnify's service through the Vidiac affiliate link.

According to CarDomain CEO Glenn Rogers, the decision to give up on the video-share site came after many years of operating primarily as a vertical online video channel for car enthusiasts.

"Vidiac hasn't been a large part of our business for a number of years," Rogers says. "We maintained the platform at a very low level for a number of years, but it wasn't something we wanted to focus on going forward."

The deal comes about as Magnify increases its efforts to grow through white labeling and co-branding its platform. Last month, the company struck a deal with Demand Media Inc. that named Magnify.net as the preferred platform for ChannelMe.tv users to transition to after Demand ceased offering video hosting services.