Mike Isaac

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Yahoo Acquires Evntlive, a Concert Streaming Video Service

evntlive_screensYahoo announced Friday it had acquired Evntlive, a streaming video startup that broadcasts live concerts and events to online viewers.

The company was founded in 2012 and launched the beta version of its service in April.

As a result of the acquisition, Evntlive will shut down its existing service, and its employees will join Yahoo’s video team to work on Yahoo Screen and Yahoo Music, according to a statement made on Evntlive’s website on Friday afternoon.

Evntlive had previously raised about $2.3 million in seed funding from investors such as Vint Cerf, Yogen Dalal, Ellen Levy and Steve Wadsworth, among others, according to CrunchBase data.

Terms of the acquisition were not disclosed.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik