 |
November 14, 2008
For Press Inquiries: Kelly O'Donnell |
Beringea Leads First Round Funding for GetBack Media Inc.DETROIT — Beringea leads the institutional round of a $1.7 million Series A Funding for GetBack Media Inc., an online pop-culture community dedicated to providing fun, creative, interactive content from the 1960's to the present. Getback holds licensing agreements for thousands of hours of video and audio content and millions of images with major IP holders including Getty Images, Universal Music, Macrovision, Intellivision and many more. GetBack has the right to exploit massive archives of iconic music, movies and games content from the 60's to the present. The site combines the best of professional images, video, and audio experiences with user interactivity in the areas of music, film and television, fashion and lifestyle, videogames and more. The GetBack originally produced video product "Retro Minute" is featured daily on MSN Video, Hulu, and PumptopTV, with Ripple TV launching in Q4 2008. Retro Minute is viewed over 17 million times every month. GetBack's original editorial content is also syndicated through Yahoo!, Foxnews.com, Starpulse.com and is launching on ABC Radio Networks websites this month. Chris Dominguez, CEO of GetBack Media stated: "With this infusion of Series A Funding, we will continue to grow GetBack into the best pop culture experience of its kind providing an entertaining and social experience for our target audience. GetBack is more than just a website; revenue streams include online and offline advertising, commerce and content syndication deals with radio, TV and retail networks targeted at the 35+ age demographic." "Though social networking, video and music platforms are some of the fastest-growing sectors of the Internet, one has yet to establish the definitive online environment for the 35+ age audience to interact, be entertained, and preserve one's online profile and memories. Given that GetBack's target audience is the demographic most rapidly adopting social networking and online video consumption and that GetBack has built a cool, engaging and rights-cleared media platform, we are excited about GetBack's potential to become one of the next big brands and communities on the Internet," stated Jeff Bocan, Managing Director of Beringea. About GetBack Media Based in Los Angeles, California, GetBack Media is a broadband entertainment community, and pop culture marketplace that provides user interaction around premium media content. GetBack is geared around media from years past with a strong editorial treatment to guide users through a rich and deep media archive experience. GetBack is a "feel good" environment of content, interactivity, community, and commerce connected to happy memories. GetBack Media was created by the founders of Rhino Records, Shout! Factory and digital media veterans from IFILM, MTV Networks, and the media-focused venture capital firm, Beringea. For more information visit http://www.getback.com About Beringea Beringea is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Beringea's funds invest in a range of small to medium sized companies with the potential for high growth and strong returns for investors. Beringea manages the Global Rights Fund II, which invests in media, brands and enabling technologies. Other Beringea funds include InvestMichigan! Fund, Investcare Partners and ProVen VCTs. For more information on Beringea's private equity activities, visit www.beringea.com Beringea Ltd. is authorised and regulated by the FSA in the UK.
|
|
| Copyright ©2009 Beringea Incorporated. All rights reserved. |