YouNow just added a large chunk of change to its coffers. The live streaming social app and video chat service, founded in 2011 by CEO Adi Sideman, has announced a $15 million round of funding.
YouNow is described in a release as “the live social network that connects audiences and broadcasters in real time.” Users can broadcast live to viewers and interact with them, as well as monetize their streams through virtual goods. For example, while viewers can chat with a creator for free, they can also choose to purchase gifts for the broadcaster or pay for their own highlighted chat messages to stand out from all the other messages from the other fans of any particular creator. YouNow broadcasters receive a portion of these earnings; Sideman told The VideoInk in May 2015 his company saw $1 million per month flow through the platform.
YouNow’s newest influx of cash will help the live...
YouNow is described in a release as “the live social network that connects audiences and broadcasters in real time.” Users can broadcast live to viewers and interact with them, as well as monetize their streams through virtual goods. For example, while viewers can chat with a creator for free, they can also choose to purchase gifts for the broadcaster or pay for their own highlighted chat messages to stand out from all the other messages from the other fans of any particular creator. YouNow broadcasters receive a portion of these earnings; Sideman told The VideoInk in May 2015 his company saw $1 million per month flow through the platform.
YouNow’s newest influx of cash will help the live...
- 10/5/2015
- by Bree Brouwer
- Tubefilter.com
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.