LiveStreaming video service Mogulus will announce a new round of financing later today. The size of the investment won’t be disclosed, although we’ve heard from a source that it is in the $10 million range. But far more important than the amount of capital raised is the investor. Gannett, a $4 billion company which owns USA Today and other news and media properties, funded the round.
Mogulus, like competitors Ustream and Justin.tv, allow anyone with a camera, computer and Internet connection to live stream to the Internet, reducing huge overhead costs for remote coverage (you don’t need things like satellite uplinks).
Mogulus allows upstart video bloggers like Sarah Austin to host live video shows on a shoestring budget. But it also facilitates serious journalism. In May, for example, controversial statements made by Hillary Clinton on a Mogulus stream led to nationwide media coverage.
Gannett gets this. And i assume they’ll find ways to enable their reporters around the world to start using Mogulus to get video footage to the web as fast as possible when news breaks.
Mogulus has now raised nearly $13 million in capital - about the same as Ustream. But even with Gannett behind them, Mogulus has no time to waste in growing their service - YouTube is said to be launching live video sometime this year.
Gannett in Mogulus? It means that Mogulus has a big future.
Qik users can stream directly to Mogulus — it’s been a fantastic combination.
I almost forgot to add: Congrats, guys! Way to go.
Not just their reporters - but having the public do the work free for them.
Citizen journalism can help save lives and allow peeks into political corruption that could never be vividly expose.
So everyone wins - some get justice, some get brief fame and the media company gets constant content
I think Mogulus might be worth backing. Im hearing a lot of good things from their camp.
I agree with you.
The whole LIVE thing is the next stop.Yahoo is hoping to make a comeback with it also
http://live.yahoo.com/
all these companies will come and go I saw that site a few days ago and we shall see.
I saw Mike the other night on Charlie Rose pretty cool.
Thanks
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Congrats to Max, Mark, Roger and everyone at Mogulus. Time to grow it big.
Congrats guys!
Congrats to Mogulus!
Austin is the best example of what Mogulus has to offer? Let us get serious here Mr. Arrington.
Congrats. I think it will play out like this:
Ustream=Youtube
Mogulus=Brightcove
Both great businesses
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Domain name hurts. Why not Mogulme or Mogultube. Funny thing is live video is a dime a dozen, like software and developer apps. what niche is gonna put Mogulman on the map. Is this Gannetts strategic investment in there future? Instead of investing Demandmedia is using youtube to channel customers to there properties. A lot of green people cant wait for gannett to go completely digital and get rid of all that paper waste and pollution the print media companies produce. Gannett should have started there digital agenda 10-15 years ago and they might be somewhere today. With all there niche magazines they are gonna need a premium strategic vertical mulitchannel digital network to survive. Something they cant even fathom.
anybody check gannetts stock price. melting right before our eyes. can the hole get any deeper.
Mogulus sucks. Sorry…very clunky
Congrats to Mogulus.
Gannett in Mogulus
Well done Max! Love the product.
@all - On behalf of the Mogulus team - thanks for all your note and congratulation messages.
Now let’s get things done and show some real steps forward/results
Great job Max. Looking forward to my show on Thursday at 3pm ET. See you then.
Awesome, just awesome–that’s how I describe Mogulus’ software and why I’m proud to use them for my show!