Screenburn, the London-based video-on-demand platform, today announced a $500k angel investment. Andrew Weisz of Lean Investments LP led the funding round, which also saw many senior angels joining the raise. The board of the young company will be joined by Zodiak Rights CEO and former BBC Worldwide sales chief Steve Macallister and Howard Kiedaisch, CEO of Arts Alliance Media. Screenburn was founded in 2012 and enables content owners to sell video (film, TV, music, sport, comedy) from their Facebook page.
Steve Macallister stated: “There’s no question that much of the future of long form video content lies with digital streaming. Screenburn is exciting because it offers content owners an opportunity to reach out to people already engaged with a brand or a particular release online. In an age where physical releases are seeing a downward turn, finding additional revenue streams is now a real priority for many companies looking to promote content.”
Screenburn’s founder and director Tom Raffe commented: “It’s very validating to see how far we’ve come and the year is shaping up incredibly well. We have some fantastic clients working with us and the releases lined up for 2014 are very exciting. We’re really looking forward to releasing these and helping clients to monetise their content on Facebook.”