They’re not resting with their billion dollar valuation at ROK. Oh no. That was last week. This week they’re continuing their ferocious pace of growth with the acquisition of mobile content company Funny Little Movies.
Here’s the gossip:
ROK Entertainment Group (OTC BB: CYFD), the UK-based mobile technologies, applications and entertainment development company today announced it has acquired a 51% controlling interest in Los Angeles-based Fun Little Movies (FLM) for a combination of cash and shares in the company.
Under the terms of the agreement, ROK and FLM will jointly offer made-for-mobile content, such as comedy short films, to network operators worldwide.
FLM specializes in the development, production and distribution of original mobile-oriented comedy for global distribution. In its nomination for Best Video Producer at the 2007 ME Awards, Mobile Entertainment Magazine said FLM ‘pioneered the advertiser-funded conceptÃ¢â‚¬Â for mobile video.
‘ROK’s management team gets it. They see the same potential for the mobile space that we do,Ã¢â‚¬Â said Frank Chindamo, FLM’s President and Chief Creative Officer. We are excited about the new synergies created by joining with a company that understands Ã¢â‚¬Ëœsynergy’ the way we do.Ã¢â‚¬Â