I have worked with the Web 3.0 framework for months now, and taken a crack at defining how the web is likely to evolve in the future. So here’s a recap of the thesis so far. I will be adding a dimension to this framework shortly, so it is a good time to stop and
M&A and VC activity In February 2007, Sports Illustrated bought a 40% stake in the social networking site FanNation for $25 million, valuing the sports social network at $60 million. FanNation aggregates, filters, and customizes all the relevant player and team content available at any time on the Internet. Sports Illustrated has also entered into
Business Model Most online sports sites earn money from advertisements, subscriptions, retailing of sports equipments and merchandising. They have also realized the need for convergence with other media and mobile network for better broadcast and more ad dollars. The popularity of fantasy sports leagues has also drawn advertiser attention, as the fantasy games bring in
Top Players and Rankings Sports is a lucrative media vertical and an important lifestyle segment. With online users frequenting various sports sites for live scores, news, updates, streaming videos, etc. it is fast catching on as a major online segment as well. The advent of fantasy sports and networking sites have taken online sports to
Overview So, you thought Sports was all about watching games and cheering your favorite team? Think again. It is big business on the Internet and is all set to win the game with live streaming, match highlights, scores, bulletin boards, fan blogs, social networks and fantasy sports services. According to MediaPost, more than 35% of