Banchee,
You are correct that DNET is a large part of VDAT's revenue and is an important part of its strategy. However, I would suggest that while DNET has nice growth opportunities, they are not exponential as I believe VDAT's are. DNET doesn't really create annuities as it earns revenue, where as VDAT does -- because they are paid to produce content that they can then resell to others. As unlikely as this might seem, given the way their world works, it's to everyone's benefit - the customer, VDAT, and especially us :)
DNET is important because it provides critical and cost-competitive infrastructure for certain video production capabilities, and also because it has connections to all the major studios and to the many smaller outfits that produce radio and TV advertisements. IMHO it was an extremely savvy acquistion for VDAT. VDAT gave them a little money, a little stock and a lot of credibility, and in return got a strategic gem and revenues and profits to take to their own bottom line.
I think in a year or so VDAT's revenues will dwarf DNET's, but both will grow nicely.
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