MTV Dips Into GoFish, Broadens Distribution Network

MTV Networks recently grabbed an equity stake in GoFish, an online video destination. The pact, which first bubbled in a filing with the Securities and Exchange Commission (SEC), gives MTV ownership of one million GoFish shares. Additionally, GoFish will carry a non-exclusive right to broadcast MTV Networks content, and share advertising revenues accordingly. As part of the pact, MTV also grabs the right to participate in future financings, according to the filing. The two-year MTV arrangement comes alongside an equity investment and advertising pact between GoFish and UK-based MiniClip.