Slide to distribute video on Facebook

02/10/2008 14:11

(Reuters) - Social network software maker, Slide Inc has signed a deal with major media companies to distribute video content on Facebook, capitalizing on the success of social networking.

The distribution partnership includes CBS Corp's CBS Interactive, Comcast Corp's E! Entertainment channel, Time Warner Inc's Warner Brothers as well as News Corp and NBC Universal's jointly-owned video site Hulu, among other companies.

Slide said it has signed revenue sharing advertising agreements with "several key partners" for the video service called "FunSpace Channels" which is to be launched on Thursday.

Other financial details were not disclosed.

San Francisco-based Slide, founded in 2005 by PayPal co-founder Max Levchin, said it intends to roll out the service on other social networks over the next year.

"Media companies create and deliver entertainment, social networks connect people, and Slide is the conduit between the two; that's social entertainment," Keith Rabois, vice president of strategy and business development said.