Tag Archives: DailyMotion
DailyMotion Raises $22.1 Million, Adding Up To Total Of $65.6 Million
Earlier today I wrote about one video company buying another in order to compete further with YouTube. To be honest, I had never heard of Motionbox or Viddyou, but one YouTube competitor I have heard of is DailyMotion. DailyMotion has just raised $22.1 million giving them a total of $65.6 million.
DailyMotion is based in France and specializes on both independent films along with user-generated movies. DailyMotion CEO Cedric Tornay said that the funding will be used to strengthen the balane sheet and fund the growth of the company. DailyMotion’s revenue is expected to grow about 50% this year and they are profitable.
That is Impressive for a website that spends tons of money on bandwidth and storage. YouTube reportedly costs Google $2 million per day to keep alive.
The investors in this round of funding includes Atlas Venture, AGF Private Equity, Advent Venture Partners, and Partech International.
DailyMotion Hires New CEO and Looks For Additional Funding
Dailymotion.com is a user-generated content video website that competes directly with YouTube. Dailymotion is a top 100 global website on Alexa. The company was started in France and raised $34 million in funding two years ago from Advent Venture Partners LLP and AGF Private Equity of Paris. This is on top of the $9.5 million in funding that was provided by Atlas Ventures and Partech International.
The company has also hired Ian Brotherston, a former AOL executive as their CEO. Ian will be taking the place of Mark Zaleski, who is expected to take a non-executive chairman position.
DailyMotion’s revenue is around $16.2 million, but it is not enough to cover bandwidth costs. YouTube on the other hand consumes close to $2 million per day in bandwidth costs and makes about $513-$663 million per year.
[via VentureBeat]
Dailymotion Upgrades HQ Video Player
YouTube competitor, Dailymotion has taken their video sharing capabilities to the next level by improving video and audio quality. They are able to improve the video quality without having to require extra bandwidth from Internet users.
The new Dailymotion.com/HQ video player is encoded using H.264 codec with 96kbps audio. Dailymotion’s video standard is 512×384 pixels at up to 30 fps. The video player can be watched with Flash Player 9. Higher quality videos can be watched side-by-side with original videos.
“The debut of Dailymotion HQ video reinforces our commitment to delivering the best content and the most advanced technology to our audience and our contributors around the world,” stated Dailymotion CEO Mark Zaleski. “Our superior playback capabilities have been a critical part of our rapid growth and success, and we pledge to continuously bring more enhancements and features to the site in order to give the best experience to our viewers, partners and advertisers.”
Dailymotion Info:
- 38.8 million uniques per month
- 15,000 new videos uploaded per month
- 855 million videos streamed in June 2008
- $43.5 million total funding (Crunchbase)
[image via Engadget HD]
Categories DailyMotion
1 Comment
DailyMotion Adds To Their Already Sterling Line Of Executives
DailyMotion refuses to be eclipsed by YouTube. YouTube is the #4 most trafficked websites and DailyMotion is at #53 according to Alexa. YouTube is backed by company that is valued at $159 billion (Google), but as of yesterday, DailyMotion has hired a new executive.
Paris, France-based, DailyMotion.com has hired Mark Zaleski as the Executive Chairman. Zaleski is the former CEO of QXL.com, a company that owns several domains where European sellers can connect with buyers and sell items. QXL’s website is at www.qxl.com.
DailyMotion also recently hired Catherine Mullen and Werner Bell, two former MTV Networks executives. Joy Marcus, former senior VP of Global Marketing at Time Warner opened a U.S. based operation for the company as well.
References:
[1] StartupSquad: DailyMotion has a new Executive Chairman
[2] TechCrunch: DailyMotion Comes to US, Pays Users
Categories DailyMotion
1 Comment