TMCnet News
Leading Social Viewing Platform View2Gether.com Secures 'Series A' InvestmentLOS ANGELES and MELBOURNE, Australia, April 29, 2009 /PRNewswire via COMTEX/ -- Investment Validates Platform as Funding Comes in the Midst of a Down Economy LOS ANGELES and MELBOURNE, Australia, April 29 /PRNewswire/ -- Leading social viewing platform View2Gether.com, has secured its "Series A" investment round from an investor group including View2Gether.com Chairman Jeff Sagansky and View2Gether Pacific. Today's announcement was made by View2Gether.com President and CEO, Chris Adams. Adams was the co-founder of noted production company Participant Media and Producer of Facebook.com and Comcast's "Facebook Diaries." View2Gether.com is a social media platform that allows users to gather in an online community to watch, share and customize video content all while chatting with each other in real time. The View2Gether.com platform gives users the power to create personal "lounges" around content themes, subjects, genres, personalities - whatever they like - in effect creating their own "channels." For partner sites, turning users into programmers offers vast increases in traffic, video and page views and time on site, all of which translate into increased revenues. View2Gether.com's first launch was with CBS Interactive's www.adikted.tv (one of the leading broadband entertainment sites in Australia) and has recently signed a universal license deal with Sony. On March 30th 2009, View2Gether.com launched with ABC Family and is currently powering Viewing Parties for their hit show, "GREEK." "We could not be more thrilled by this investment as it really validates our business model, approach and will help us continue to secure market share," comments Adams. "The social viewing space is emerging rapidly and we are very pleased to be at the forefront, redefining the way consumers engage video content and social media." View2Gether Pacific is an investment vehicle for several leading Australian arts and entertainment investors including Film Producer Bruno Charlesworth, Theatre Director Michael Kantor and Music Promoter Steve Castan. "Our investment in View2Gether.com is about the people. Having entertainment and new media heavyweights such as Chris Adams and Jeff Sagansky involved provides great leadership and security," added Charlesworth. "That combined with the power and flexibility of the View2Gether.com platform has resulted in an offering that's an unrivaled market leader. Being involved with such an intuitive, experienced and nimble operation was an opportunity we couldn't afford to miss." Additional investment capital in this round was secured from View2Gether.com's Board Chairman Jeff Sagansky. Sagansky, former CEO of Paxson Communications, Co-President of Sony Pictures and President, CBS Television, is currently Chairman of RHI Entertainment. View2Gether.com has offices in Los Angeles, California and Toronto, Canada. About View2Gether.com View2Gether, Inc. (www.view2gether.com) is the world's leading provider of technology solutions in the social viewing space. View2Gether.com's proprietary platform offers sites, brands, networks, studios and video portals advanced social community functionality for users as they create "lounges" where they can chat in real time and watch any video in perfect synch while searching, previewing and selecting additional content - all generating greater revenues for partners through incremental video and ad serves. Current partners utilizing the View2Gether.com platform include ABC Family, Sony and Adikted.tv. View2Gether.com is headquartered in Los Angeles, California with Chris Adams, the co-Founder of Participant Media as its President & CEO and former Sony Pictures President, Jeff Sagansky as its Chairman. About View2Gether Pacific View2Gether Pacific is an investment vehicle for several leading Australian arts and entertainment investors including Film Producer Bruno Charlesworth Theatre Director Michael Kantor and Music Promoter Steve Castan. They, and their likeminded co-investors, have watched with fascination the development of View2Gether.com and view the burgeoning social viewing phenomenon as a unique and exciting business opportunity. Press Contact: The Rose Group Beth Newbauer 310-280-3710 [email protected] SOURCE View2Gether.com http://www.adikted.tv |