DailyMotion — the European YouTube — grabs $25M
DailyMotion, the online video company in Europe that resembles YouTube, announced that it brought in a $25 million round of capital led by French Sovereign Fund, a firm nearly half-owned by the French government, and designed to take minority stakes in promising French companies.
Based in Paris, the company has also been backed by Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International. Drawing about 60 million unique monthly visitors from around the world,… Continue Reading
DailyMotion raises $22.1 million for French user-generated video site
French video site DailyMotion raised $22.1 million in a new round of funding.
The site has 60 million unique visitors, many of them in France. It mixes both user-generated videos with professional content such as independent films. Cedric Tornay, chief executive of DailyMotion, told paidContent that the company will use the money to strengthen its balance sheet and fund growth. The company is expected revenue to grow 50 percent this year and the next and it… Continue Reading
Popular video site Dailymotion gets new CEO, looks for cash
French video-sharing site Dailymotion, which has long fancied itself as a leading competitor to YouTube outside of the U.S. market, is reportedly seeking more cash even after raising $34 million two years ago. It is still losing money, according to PaidContent and the Stratégies newsletter.
It is also reportedly appointing Ian Brotherston, formerly of BT and AOL, as the company’s new chief executive, a move that may be announced later today. He replaces Mark Zaleski. We’ve… Continue Reading
BrightRoll takes online video advertising high-definition
BrightRoll, a company that provides high volume, targeted and branded video advertising has created the first high-definition ad network. Utilizing the widespread availability of broadband connections and HD-compatible LCD monitors on computers, the company expect this to be a quickly growing market. However, with major online video players such as YouTube shying away from HD-quality video, is the Internet ready for HD-quality advertisements?
BrightRoll chief executive Tod Sacerdoti believes so, and made it clear when he… Continue Reading
Video site Dailymotion raises $34M to grab lead in Europe
Dailymotion, a Paris, France-based video-sharing site that’s a distant competitor to YouTube, has raised $34 million in funding, according to the Wall Street Journal.
The site, like many others, lets you share personal videos privately with friends or publicly with anyone. Like its competitors, people can also comment on each other’s videos, embed Dailymotion video clips in other sites, tag videos, view selected channels, etc.
However, Dailymotion has distinguished itself by tailoring its site to country locations…. Continue Reading