In a recent article, AOL has announced the purchased of StudioNow Inc. for $36.5 million, this is a website that allows companies to buy custom-made online videos.

StudioNow Inc. works with a network of freelance filmmakers, and now AOL will have its own content management system, Seed.com.

From an article released by the Associated Press we learned that:”The deal closed Friday, New York-based AOL said. It paid a combination of stock and cash, with some of the cash being paid out over several years.”