Vadio Introduces First Platform That Makes Music Videos Available Through Online Music Streaming And Traditional Radio Services
August 14, 2014 at 9:02 AM (PT)
VADIO, the first full-scale distribution platform for music video content and ads online, has closed a $2 million seed funding round with backing from leading music, entertainment and technology investors.
“Music videos are one of the most popular and engaging forms of content online, but they have yet to be available where consumers prefer to access music -- online streaming platforms -- creating a big disconnect,” said Vadio CEO BRYCE CLEMMER. “There is a tremendous opportunity to evolve the way millions of consumers around the world listen to music. We’ve developed a platform that delivers music video content to the sites and services people enjoy most. Our recent funding round and partnership with VEVO will enable us to scale even faster and deliver a cutting edge experience for everyone -- ranging from music fans to streaming services to radio stations and record labels.”
“It’s rare to find a company that is able to address the needs of multiple groups within the music industry -- record labels, artists, and streaming music companies -- but VADIO has come up with a solution that helps everyone,” said former VIVENDI UNIVERSAL NET USA CEO ROBIN RICHARDS. “The dramatic growth in desire for music video content globally is creating the need and potential for a major shift in the industry. With a solid team of leaders in tech and music, there is an opportunity to build a significant global company and we are excited to be working with VADIO on this vision.”