Monday, July 28, 2008
Live Video Streaming Start-up Mogulus Gets $10 Million Investment from Gannett
Mogulus, the New York-based start-up which provides individuals and enterprises a platform to stream live quality Flash video, has raised $10 million in the form of a minority stake from Gannett. The company had previously raised $2.7 in early seed funding.
Although terms of the investment have not been disclosed, Beet.TV has confirmed the amount of the investment, following the initial reports earlier today from Michael Arrington of TechCrunch.
Beet.TV has used Mogulus to stream live from several events including NAB and Streaming Media East.
At NAB in Las Vegas this past May, I interviewed founder and CEO Max Haot who announced the new professional product line launch. (This interview was originally streamed live from Las Vegas. It was recorded to tape and edited for later publication.)
Congrats to Max and the team at Mogulus.
-- Andy Plesser, Executive Producer
http://www.beet.tv/2008/07/live-video-stre.html#more