The TV networks company-led group invested $20M in an intriguing business: Grockit has a service called Learnist that enables students planning to take tests such as the SATs and LSATs to help each other prepare with games and other interactions on social networks. As part of the investment, Discovery and Grockit will share technology, and explore opportunities to market, distribute, and promote each other’s services. Discovery is “a natural fit with Learnist’s unique knowledge platform and model that encourages passionate audiences to share what they know and learn what they don’t,” Discovery Chief Digital Officer JB Perrette says. Investors joining Discovery include Summit Group, backers of Uber and Scribd, and previous supporters of Grockit: Atlas Venture, Benchmark Capital, Integral Capital Partners and GSV Capital Corp. “Our relationship will combine Learnist social learning technology with Discovery’s massive reach and footprint,” Grockit CEO Roy Gilbert says.
- 'Ring of Fire' Myth Busting: Jewel Can Act and Lifetime Movies Can Be Seriously Awesome Yahoo! TV - Fri, May 24, 2013 12:22 PM PDT
- NBC to Air Blake Shelton's Tornado Relief Concert Next Week The Wrap - Fri, May 24, 2013 12:28 PM PDT
- 5 Ways to Be an Even Bigger 'Game of Thrones' Nerd Yahoo! TV - Fri, May 24, 2013 1:50 PM PDT
- Guess Who's Rescuing Brides Coast to Coast, Head to Hem in TLC's New Makeover Show? [Exclusive Video] Yahoo! TV - Fri, May 24, 2013 2:44 PM PDT
- Ann Curry Failed to Get Angelina Jolie TV Interview for NBC: Report Us Weekly - Fri, May 24, 2013 3:00 PM PDT
- American Idol and X Factor 'Probably Hurt Each Other,' Fox's Exiting Reality Chief Concedes TVLine.com - Fri, May 24, 2013 3:29 PM PDT