Fox Buys Newroo, kSolo

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Ross Levinsohn, made a big splash a few months ago when he announced at an Under The Radar event that he had bought someone in the room. The news zipped across the Silicon Valley right on to my Power Book, just when the Business 2.0 Next Net panel got underway. In subsequent weeks everyone speculated, but now the news is final.

FIM has officially announced that it bought Newroo, and kSolo.com, which is sort of like an online karaoke service. I had heard about the kSolo deal, but could not nail down the specifics. Oh well….here it is. Mike has blogged the full press release. The deals are small – very small. (Nevertheless, FIM is being pretty active these days – Simply Hired investment, and now these deals.. will there be more to follow?)

Newroo is like a meme-tracker for everything and I got the demo from Dan Gould, and was suitably impressed. Levinsohn was impressed enough to spend a few million on the company which never got a chance to come out of stealth. I saw some prototypes build by Gould & Co, that would go well with the celebrity crazy MySpace crowd.

10 Comments

Former K-Soloist

Ok, what is wrong with KSolo? They haven’t had any new song releases since January. I am really disappointed in the site and have since cancelled my paid subscription with them. Could the new acquisition have something to do with it?

May Lapuz

I have just paid my annual payment two days ago in ksolo.com. Why can’t my internet explorer connect to any of their site? It’s quite frustrating as it was not a small amount of money I have spent…

Please reply.

Michael Eisenberg

Ksolo is a really smart deal for newscorp. plays right into thier core audience and is very interactive. Also, dovetails nicely with the music orientation of myspace. Messrs. Murdoch, Levinsohn and Phillips are just way smart about this space and playing to win.

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