Movie Producers Invest in Social Networking Site
Movie moguls Bob and Harvey Weinstein’s Weinstein Co. said it had taken an undisclosed stake in social-networking website ASmallWorld.
The founders of Miramax Film Corp. led a group of investors including Bob Pittman, former chief operating officer of AOL Time Warner Inc., to make a “significant investment” in the site, which can be joined only by invitation from members.
Founded in 2004 by Erik Wachtmeister, ASmallWorld is described by the company as an exclusive global online community of 130,000 members representing more than 100 countries.
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