Fan fiction refers to work written by amateurs, typically uncommissioned and unpublished, and based on original works such as books, movies or TV shows. The startup, which launched in California last year, tries to organise and commercialise communities around fans and has deals with media firms including HarperCollins, Penguin and Starz Entertainment. It raised around USD3m from HIG Ventures in 2006.
The report also claims that Disney is in the process of buying Digisynd, a startup created by Revver co-founder Oliver Luckett and CTO Rob Maigret. This was initially rumoured last month, and paidContent says the deal is in “lawyering stages” and not yet finalised. It appears that the company, which is backed by Greycroft and Village Partners, will offer a service to distribute professional content online.