Online music channel BalconyTV gets PE funding, former MTV head joins as advisor

MUMBAI: Global online music video channel, BalconyTV--Music With A View,has announced its first institutional funding from Polaris Venture Partners, Lerer Ventures and Greycroft Partners.

Former MTV US CEO Judy McGrath will also join the channel in an advisory role. "Being a music fan, I love how BalconyTV has grown in such an underground way. I‘m excited to see how far they can go," McGrath said.

BalconyTV was founded by three Dublin friends who began filming daily performances of new and upcoming artists from their apartmentbalcony. The concept soon caught on and today BalconyTV is produced in over 30 cities around the world and has more than 7,000 videos archived that have been viewed over 30 million times.

Artists that have performed on BalconyTV include international chart toppers Mumford and Sons, The Script and Jessie J.

Polaris venture partner Noel Ruane said, "BalconyTV stood out on several fronts. Here is a concept that is not only unique, but already has a very real footprint around the world and is growing completely organically."

Last year, BalconyTV was one of 10 companies that pitched at the Copenhagen Demo-Day of Startup Bootcamp - the European affiliate of Techstars.

BalconyTV co-Founder, CEO Stephen O‘Regan said, "Up until now, we‘ve had the passion of our producers, and the love of the artists who have performed. But not unlike busking on the streets, it‘s been all hustle. I‘ve always felt that emerging bands deserved a truly independent, engaging and most importantly artist-centric platform to showcase their talent to the world. BalconyTV does that. It‘s resonated with artists from Sydney to LA to New York to Seoul. Since joining @dogpatchlabs Europe, we‘ve added more cities. Now with our new support band - Polaris, Lerer, Judy and Greycroft - we‘re aiming to play to many more fans around the world."

Latest Reads
India, China to propel APAC, beat CAS Europe market share

APAC is expected to overtake the market share of Europe in future due to an increasing demand for digital TV set-up boxes in countries such as China and India. North America and Europe dominated the global CAS market in 2015. APAC region is estimated to mark a growth rate of 12.0 per cent CAGR...

Technology Hardware Set-top Boxes
India lucrative market for 4K UHD STBs: Grand View Research

Here’s a view on the demand for 4K or ultra high definition (UHD) set-top boxes (STBs) in India.

Technology Hardware Set-top Boxes
Infor appoints Dass as south Asian subcontinent V-P

Infor, a leading provider of business applications specialized by industry and built for the cloud, has appointed Ashish Dass as the vice president and managing director for the south Asian subcontinent. Infor software helps eliminate the need for costly customization through embedded deep...

Technology Software Applications
Siti & DishTV opt for Conax conditional access

The Essel group has been using Conax’s tech for sometime now for its Siti Network (earlier known as Siti Cable). Now the group has extended that partnership for another product for both Siti Network and DTH operator Dish TV India. This time it is for the cardless set top boxes that the two are...

Technology Hardware Set-top Boxes
Imagine Communications extends functionality of Selenio One unified transcoding platform to OTT

MUMBAI: Imagine Communications, empowering the media and entertainment industry through transformative innovation, today introduced a high-density adaptive bitrate (ABR) transcoding product built on Selenio One™, the company’s software-defined linear transcoding platform. Selenio One is designed...

Technology Hardware Components
DJI Makes Your Smartphone Smarter with the New Osmo Mobile

DJI, the world leader in creative camera technology, Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.

Technology Hardware Components
Prime Focus Tech gets funding from PE firm Ambit Pragma

MUMBAI: Prime Focus Technologies (PFT) – the technology offshoot of media services company Prime Focus - informed the Bombay stock exchange today that it had received its first round of funding from growth capital private equity fund Ambit Pragma.

Technology Software Applications
Three new products developed by C-DOT launched on its Foundation Day

Communications Minister Manoj Sinha today expressed the hope that 100,000 Gram Panchayats (GPs) will be connected through Optical Fibre Cable (OFC) by March next to set up a network infrastructure to serve the rural masses.

Technology Hardware Distribution
Genpact and BITS partner to build talent in the field of analytics

Genpact (NYSE: G), a global leader in digitally-powered business process management and services, today announced a partnership with premier technical education university Birla Institute of Technology and Science (BITS) for offering training programs in the field of analytics.

Technology Software Middleware

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories