Yahoo is closing out its week with another acquisition, this time of live concert streaming platform Evntlive. First reported by GigaOm, the deal will see the startup shut its doors, with the team joining the Sunnyvale-based company. The financial terms of the deal were not disclosed.
Evntlive specializes in capturing live concerts and performances on video and creating an interactive experience. The team will be joining Yahoo’s video team to work on its Screen and Music products.
Here’s the official announcement of the acquisition by Evntlive:
We are thrilled to announce that EVNTLIVE has been acquired by Yahoo!
When we started EVNTLIVE in early 2012, we set out to change the way that fans engage with live music online by creating an interactive, virtual venue. Since launching our beta service in April 2013, we have live streamed hundreds of performances from amazing artists and festivals to fans all over the world.
Although our service will no longer be available, we are excited to be joining Yahoo’s video team. Click for more information about Yahoo Screen and Yahoo Music.
Thank you to our investors, fans, and the artists who helped bring our dream to life.
Thumbnail credit: KAREN BLEIER/AFP/Getty Images