The Deal
Saturday, November 21, 
8:19 pm

Federated Media set to launch Crowdfire, group-generated multimedia site for concertgoers

  Share     E-Mail    Discussion    Print Story

federated.gifDigital media company Federated Media Inc. is ready to introduce Crowdfire, a multimedia service that will host real-time, user-generated audio and video transmitted from live music events. According to a Twitter message posted today by vacationing FM founder and chief executive John Battelle, the site is expected to enter its beta-testing phase on Monday, July 28. Crowdfire will make a broader debut at the upcoming Outside Lands Festival in San Francisco's Golden Gate Park next month, where it will have a pavilion. Last month, FM revealed its partnership with Outside Lands, a three-day festival starring Radiohead and Tom Petty & The Heartbreakers among dozens of other acts.

The Crowdfire site, produced in conjunction with Microsoft Corp. [MSFT], will feature "mashups" of user-generated transmissions of audio and video from live music events, creating crowdsourced Webcasts from a variety of angles. An FM spokesman assures me that legal and copyright issues surrounding the broadcast of music at private, ticketholder-only events "have been ironed out" and that Crowdfire's broadcasts will not be exclusive to certain events for which FM has partnered with the promoter.

Battelle, a former editor at Wired, the founding CEO of dot-com-era weekly magazine The Industry Standard and author of Google chronicle The Search, noted in more Twitter messages that it "used to be [that] everyone held up lighters. [N]ow it's [cell] phones and Flip videos," and that Crowdfire will "[b]ring together the experience of the crowd and make it shareable."

Best known for its blog-focused advertising network, FM expects to be a wider-ranging media company that "support[s] independent website authors and audiences, by connecting them to marketers." FM accepted a $50 million minority investment from Oak Investment Partners in April, reportedly at a pre-money valuation of about $200 million. -- Paul Bonanos

See April 15 Tech Confidential post about Federated Media's new funding

Continue reading below

Also on Dealscape





Post a comment




The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



©Copyright 2008, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.