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PublicVine, a US-based social video platform founded by a Nigerian, Nam Mokwunye, has secured investment worth over $5 million in a bid to commence its global launch billed for June 2014.
PublicVine is designed to rival existing video platforms like YouTube but offers video content owners and distributor’s opportunity to be paid by viewers.
Nam Mokwunye, CEO, PublicVine, said in details made available to our correspondent that the firm was out to revolutionise video content distribution and use globally, as “what PublicVine will be doing is to present film makers, video vendors and consumers a marketplace for them to transact business. It is an online social video marketplace that enables video vendors and their consumers to connect, transact, and get paid.
“We have secured about $5 million investment in the United States due to the potential that people had seen in it.”
He said PublicVine was pioneering a new innovation in online video distribution, saying the firm had already started video vendor registration starting from Nigeria due to the huge potential existing in the market.
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Source: BusinessDay Nigeria
PublicVine is designed to rival existing video platforms like YouTube but offers video content owners and distributor’s opportunity to be paid by viewers.
Nam Mokwunye, CEO, PublicVine, said in details made available to our correspondent that the firm was out to revolutionise video content distribution and use globally, as “what PublicVine will be doing is to present film makers, video vendors and consumers a marketplace for them to transact business. It is an online social video marketplace that enables video vendors and their consumers to connect, transact, and get paid.
“We have secured about $5 million investment in the United States due to the potential that people had seen in it.”
He said PublicVine was pioneering a new innovation in online video distribution, saying the firm had already started video vendor registration starting from Nigeria due to the huge potential existing in the market.
Click here to read more
Source: BusinessDay Nigeria
