Sunrise Operations And Roberts Communications Invest USD10m In Yebotv
– Live Video Webcasts through TV, Internet and Mobile
Cleveland, Ohio and London, UK — March 12th 2007 — Yebotv has raised USD10m of funding from Roberts Communications Network, a major US broadcasting technology firm, and Sunrise Operations, the investor arm of Winticket.com, 4th largest licensed online horse wagering company in US.
Yebotv was founded in Oct 2006, focusing on live music content viewing, sharing and uploading through TV, Internet and mobile. The service is similar to MySpace and YouTube, but one step further, offering live concert webcasts, as well as social community and other live events.
Markus Jokinen, Founder of Yebotv, said: “The investment from Roberts Communications and Sunrise Operations is perfect for us as I am very keen to expand our business rapidly in the USA and Europe, offering our B2C customers and artists a top-level, tailored service, which is unique, and adds value to all — end customers, artists, sponsoring brands. Roberts and Sunrise have huge muscle and can help us develop the business further, not only in funding, but also in their state of art technology and strategy co-ordination. I am truly excited to work with their team.”
Founded in Oct 2006 in Cleveland, Ohio, Yebotv is a digital content/music distributor and aggregator. The company is headquartered in Ohio, US and specializes in live video capturing, archiving and distribution on multichannel networks TV, Internet and mobile. Through its satellite access and Internet streaming capability it can serve up to half a million Internet viewers simultaneously. In only three months since its founding, Yebotv has expanded rapidly, experiencing a huge client-base growth and interest from record labels, artists and potential sponsor partners alike. It is our hope to sign agreements with several major and independent record labels and artists, details of which will be announced within the next few weeks. The company also intends to secure several sponsor contracts for its future live concerts in USA and Europe. -The Red Herring magazine and analysis organization has short listed Yebotv for their RH VME 100 Awards in Cannes, France during 25-27 March 07.
