Episodic is an online video hosting service that gives users the capability to publish live streams and on-demand content. Users have control over advertisements and ads in their videos. They can make money from their video channels by having advertisements or charging for content via credit card. Episodic is optimized for mobile viewing as well, including the iPhone.
For now, new user sign-up is suspended while the details of the acquisition get sorted out. Users can register to be contacted once sign-up is available again.
According to TechCrunch, Episodic will be incorporated into YouTube and the Episodic staff will join the YouTube offices. Google is either planning to redo online video (which would not be surprising considering Apple’s rejection of Flash, since Flash powers YouTube videos) or wants to keep buying one small company per month (since January 2010, it has bought DocVerse, Picnik, reMail, and Aardvark).
Via PC World, image via Episodic.