Revision3 News

Two weeks after cable giant Discovery Networks paid about $30 million to acquire San Francisco-based Revision3 , Turner NetworksA revealed a significant partnership with online comedy producer Funny or Die .

This is an inventive idea for a storytelling app for kids. Doodle Tales gets them to create their own stories using brushes, shapes, stamps, text and backgrounds, adding in voice narration and then sharing their creations with the wider community.

Discovery Communications , parent company of Discovery Channel, TLC, Animal Planet, and more, has purchased Revision3 , which is a special interest video network that produces shows that people watch online.

Revision3 produces Web shows about technology, video games, entertainment and other contemporary topics.

The last thirty days have been nothing but full of twists and turns in tech-land. Maybe it is the "bubble " or maybe it is just an up cycle, but it sure is exciting.

With digital companies like YouTube and Yahoo making aggressive pitches for cable ad dollars, one of cable TV's stalwart programmers, Discovery Communications, rendered a bold response Thursday, purchasing top digital program provider Revision3 for $30 million.

Discovery Communications has entered into an agreement to acquire San Francisco-based digital video provider Revision3, a move that the programmer believes will allow it to expand its multiscreen efforts in a more cost-effective way.

After a couple of days when rumors began to circulate that the Discovery Channel was in talks to purchase Revision3, an internet-only television network and distributor of original content, the two media companies apparently shook hands today and finalized the deal.

One of the Internet's first big web video networks, Revision3 is getting acquired by Discovery Communications, the company that owns familiar cable networks such as the Discovery Channel, TLC, Animal Planet, Oprah Winfrey Network , and Science Channel.

Not a surprise, but interesting nonetheless. The acquisition beefs up Discovery's online presence; this is the biggest digital deal the non-fiction video power has made sinceA 2007 when it paid about $250M for HowStuffWorks.com. The companies don't say how much Discovery paid for Revision3, although I hear it's around $30M. - Discovery ... (more)

Keeping with its recent trend of adding more content and features to Google TV, Google today highlighted the fact that the Revision3 app for Android is now available for Google TV.

Discovery, the television-focused owner of the Discovery channel, TLC, Animal Planet and other cable channels, paid roughly $30 million for the company, according to a person with direct knowledge of the deal, who spoke on condition of anonymity because the purchase price was not being disclosed by either company.

After paving the way for Internet-based TV networks, Revision3 might finally be catching some attention from well-established cable television companies.

Discovery Communications, the owner of Discovery and a dozen other cable channels, could soon scoop up Revision3, a maker and distributor of Web video shows.

The upcoming Fall release of Windows 8 aka "Metro" will be a big breakthrough in presenting video in a unified format on multiple screens, putting it ahead of Apple, says Jim Louderback, CEO of the big video tech/lifestyle producer Revision3 .

BlackBerry maker RIM has owned up to being responsible for an extended protest outside Apple's Sydney CBD store last week after online sleuths traced the source of the publicity stunt.

Jessica Jensen, the Yahoo exec in charge of its flagship Shine women's site, as well as its lifestyles and health content businesses, has left the Silicon Valley Internet giant, the company confirmed.

Eric Eldon is the Editor of TechCrunch. He was previously the cofounder and editor of Inside Network, where he managed publications including Inside Facebook, Inside Social Games and Inside Mobile Apps.