Viacom's MTV Networks Acquires IFILM

MTV Networks, a unit of Viacom, has acquired IFILM, one of the leading online video aggregator and distribution sites, for $49 million. IFILM has specialized in programming from Hollywood studios, amateur filmmakers, and user-generated content. The site reaches over 10 million users and 30 million streams per month. http://www.mtv.com/http://www.ifilm.com/