Providence Equity Partners has been reported to have invested $100 million in the as-yet unnamed Web site being developed jointly by NBC Universal and News Corp. to bring their collective movie and television show libraries to the Internet, according to a story in today's New York Times.

Providence Equity was also in the news yesterday after the New York Post reported that Warner Music Group Corp. may be bought out by its majority owners, which include the Rhode Island private equity firm, which declined to comment to Bloomberg News on the report.

Providence Equity Partners has been active in the marketplace this year, making investments in NexTag (an online comparison shopping site), whitepages.com, Decision Resources and USIS, while selling BlueStone TV, among others.