Yahoo Goes Hollywood
Wednesday, January 31st, 2007In an effort to reestablish itself as a major online presence and continue to reappear from Google’s heavy shadow, Yahoo Inc. is in acquisitions mode and ready to dive headfirst into online entertainment. The company looks to build 100 new sites focused on the hottest brands in entertainment. Paris Hilton? Perhaps…but for starters, Yahoo Inc. hopes to attract advertisers with popular shows like “The Office”, “Lost” and products including Nintendo’s Wii.
Meanwhile Google shares continue to rise (peaking at $500 per this past Tuesday…the highest since the company went public in 2004) and maintains its 45% market hold. As the two companies grow though, their identities have begun to diverge. Where Yahoo and Google once vied to be everything to everyone, Yahoo’s going back to its roots - the internet.
For example, last November Yahoo, banking off of Nintendo’s Wii buzz, launched the site wii.yahoo.com that included videos, pictures, blogs, articles, basically all things Wii that lead to more than 1.2 unique viewers. Yahoo plans to attract similar audiences for its other entertainment-based sites by making the homepages look like television (clean, attractive - not chalk full of ads and content seen on most homepages.)
Google and Yahoo both contain products galore, however, the Google brandname is so dominant it can get away with it. Yahoo’s focused efforts though may provide the boost it needs to further define its presence.

