Video blogging site Kyte.tv has announced a round of funding, added distribution and it looks as if they are adding more celebrities to compliment the popular 50 Cent channel.
Soon-to-announce-a-career-move Robert Scoble is a huge fan of Kyte.tv (and one has to wonder if this will lure him over to the video blog startup or if he’ll go with the rumor and sign FastCompany. If you’re interested in that sort of thing, he’ll be announcing around the 15th of January). He broke the news on his blog:
Kyte just announced a B-round of funding from Telefonica, Nokia, DoCoMo, Swisscom, Holtzbrinck and DFJ of $15 million, adding on to an earlier round of $2.25 million. Whew, the video space is really heating up.
But more significant than the money is the distribution. Telefonica has 230 million users. DoCoMo has 52 million. Nokia has 39% of the cell phone market share. If the Kyte player is embedded on these three it brings a HUGE audience to Kyte.
Also, they showed me a channel that rapper 50 Cent is doing. It has, within a few weeks, passed my Kyte.tv channel to gain the #1 spot on Kyte. More celebrity deals are in the offing, CEO Daniel Graf told me. They also shipped a new iPhone version and demonstrated an even more feature rich version coming in January.
Kyte is interesting in that it functions as a place to live blog, interact with commentors and aggregate content. Perhaps the most compelling feature is the emphasis on mobile blogging via video (which I still think is going to be a breakaway hit in 2008).
So, we’ll see if this news (especially the celebrity additions) add to Kyte.tv’s share in the growing micro-blogging/video/mobile space that is seeing a convergence revolution.
2 thoughts on “Kyte.tv Gets Funding, Distribution and Celebrities”
Don’t forget about the Residents! They’re up on kyte as well…
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