Oct 1 (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.N: Quote, Profile, Research, Stock Buzz) CBS Interactive, Comcast Corp's (CMCSA.O: Quote, Profile, Research, Stock Buzz) E! Entertainment channel, Time Warner Inc's (TWX.N: Quote, Profile, Research, Stock Buzz) Warner Brothers as well as News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz) 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.
Slide made some of the hottest programmes running on Facebook and News Corp's MySpace, including media-sharing applications Slide Shows, Top Friends, SuperPoke! and FunWall.
Slide says that FunSpace is the most popular third-party application on Facebook with 20 million active users monthly. (Reporting by Savio D'Souza in Bangalore; Editing by David Cowell)
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