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MTV Networks Takes Stake In Online Video Site GoFish, In Return For Distribution

GoFish, the online video entertainment site which unsuccessfully tried to buy Bolt.com earlier this year, has now done a couple of strategic tie-ups, both resulting in the company allotting its shares (it is an OTC-trade company), according to an SEC filing. The first is UK-based MiniClip, where GoFish (OTCBB: GOFH) will sell ads on MiniClip site for U.S. territory, in return for certain shares and guaranteed revenue payments.

The second deal is with MTV Networks (NYSE: VIA), under which GoFish has a non-exclusive license to distribute and market some MTVN video content, and will do revenue share on the content. In return, MTVN gets 1 million shares of GoFish, and certain participation rights in future financings. More in the filing.

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