OwnZones closes $5.9MN in financing for content curation
Michelle Clancy | 17-04-2014
Content curation platform OwnZones Media Network has closed $5.9 million in Series A financing. The funds will be used for marketing and further development of the portal.
OwnZones plans to develop form-factor optimisation and enhanced discovery, and to expand the types of content offered via the site.
"As we continue our rapid growth, the announced capital investment allows us to fine-tune our platform technology and build the most complete turn-key sales channel for premium partners to maximise the value of their content," said Dan Goman, CEO of OwnZones. "The sheer quantity of media out there has resulted in discovery challenges for all but a fraction of publishers; it's a lose-lose for both publishers and consumers that OwnZones is committed to resolving."
The company said that it will also be removing its paywall for more than five weeks to offer unrestricted and ad-free access to print, audio and video content in its library of special-interest media. The content is drawn from a variety of partners, including Reuters, the Guardian, YogaSessions.TV and AFP. The free-view period lasts until 22 May; for current subscribers, all charges will be suspended during the promotional period.
"By offering this promotional period, we are giving audiences the opportunity to experience the win-win of an ad-free, multi-media consumption experience from their preferred device," said Goman.