Jukin Media Raises Money from Bertelsmann, Allen DeBevoise, Others

/ Oct 9, 2014

JukinMedia

Jukin Media has raised $1.2 million in a new “strategic” round of financing that includes existing investor Bertelsmann Digital Media, and new investors Peter Guber (chairman and CEO of Mandalay Entertainment), Allen DeBevoise* (chairman of Machinima), Canyon Creek Capital, Karlin Ventures, and Kevin Gould of Kombo Ventures.

Though Jukin claims it’s already profitable, the company says this new influx of capital — which came under “favorable terms” — will provide a “cash cushion” as it invests more aggressively in product, technology, and original content.

On the latter front, Jukin Media sees possibilities in developing content and formats around user-generated clips, for both web and TV. (The company specializes in finding trending user-generated videos on YouTube, and then acquiring and licensing them to networks, individual TV shows, and advertisers.)

“It’s a no-brainer for us to segment our library and create TV and digital formats around different content verticals like fails, pets, extreme sports, and so forth,” says Jonathan Skogmo, the company’s founder and CEO. “My background is in creating and producing programming around UGC, so I’m excited about Jukin’s future in that regard.”

Prior to launching Jukin, Skogmo has served as a producer for companies like Pilgrim Films & Television, Nash Entertainment, Asylum Entertainment, and First Television.

While a multi-channel network on YouTube, Jukin is also careful to distinguish itself by pointing out that it owns the channels and content it distributes on YouTube, allowing the company to retain all of the revenue (post YouTube’s cut) generated by ads.

That said, YouTube revenue accounts for only “a fraction” of the company’s total income, with most coming from its flagship licensing business.

Overall, Jukin’s YouTube network reached 18 million unique viewers in the US in August, according to comScore — the best month in company history in terms of video views and revenue, says Skogmo.

In a previous round, Jukin raised $1 million from Bertelsmann, Maker Studios, Launchpad LA, Richard Wolpert, and Brad Zions.

* Allen DeBevoise is an investor in VideoInk

Tags: , , , , , , , , , , ,


facebook-thumbs-down

Facebook Says It’s Sorry It Vastly Overestimated Video...

 
craig-piligian-pilgrim-media-group

Pilgrim Media Group CEO Craig Piligian (‘The...

 
youtube-heroes-for-change

Heroes or Rats?: YouTube Unveils New Program for Creators Who...

 
Vessel says it's doing well in its first month

Why Verizon is Pursuing Vessel, the...

 
Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!
 
jared-feldman-and-sam-hui-ph-d-at-the-2014-canvs-launch

How Canvs Media is Harvesting Emotional Insights on YouTube,...

 
marlon-wayans

Marlon Wayans Getting ‘Naked’ for Netflix with Regina Hall

 
huffpost-ryot-aol

HuffPost RYOT Launching Virtual Reality Comedy Series and News...

 
youtube-vote-irl

YouTube Launches #voteIRL Campaign Targeting Digital-First Generation

 
tyler-oakley-camp17

How Top YouTubers (incl. Tyler Oakley & Meghan Rienks)...

 
charlie-sheen-anger-management

Charlie Sheen to Star in Crackle Feature ‘Mad Families’

 
filmbuff_videoink_300x250

Gunpowder & Sky Buys Distributor FilmBuff As Vision for...

 
toy-freaks-youtube

Toy Freaks Top Viewed YouTube Channel in August According to...

 
jeffrey-tambor-transparent-amazon

Emmy Wrap-Up 2016: Jeffrey Tambor (‘Transparent’)...

 
Twitter

Twitter Scores 2.1 Million Viewers for Thursday Night Footall Kickoff

 
youtube-sad-face-error

Vloggers Not Unique Snowflakes: 90 Million Flag YouTube Videos...

 
Mode Media

‘Billion Dollar Startup’ Mode Media Shuts Down

 
raised-firsts-branded-tv

Who Is Winning The Marketing Revolution And Why?

 
shes-gotta-have-it

Netflix Orders ‘She’s Gotta Have It’ Series...

 
swedish-dicks-peter-stormare-keanue-reeves-viaplay

What Is ‘Swedish Dicks’ and Who Is Selling It?

 
seamlessly-she-monica-potter-aol-partner-studio-gmc-acadia

How GMC is Using the AOL Series ‘Seamlessly She’...

 
Netflix_new

Liberty Global to Put Netflix on Set-Top Boxes in 30 Countries

 
vincent-cacace-vertebrae

Getting to the Spine of VR’s Monetization Challenges with...

 
meredith_brandfront_videoink_300x250

Meredith Hosted Its Own “Front” Stacked with 20 New Series

 
complex-networks-hearst-verizon

Verizon and Hearst Move RatedRed.com and Seriously.TV Under...

 
Twitter

Twitter Launches Live Streaming Apps for Amazon Fire, Apple TV...

 
YouTube Community

YouTube Fights Back Against Social Media Rivals with Community Feature

 
Casual Hulu

Vimeo Opening Television Store with Lionsgate Content, Launching...

 
A Perfect Day in LA Tastemade Jaunt VR Virtual Reality

From Donuts to Malibu, Tastemade and Jaunt Get Immersive in...

 
Defy Media

Defy Media Close $70 Million Series B Funding Round

 
YouTube Space LA Halloween Set 2016

YouTube Spaces Team with Jason Blum (‘The Purge’)...

 
Yahoo Esports

‘Yahoo Esports Live’ Serves Up Reeses Puffs with...

 
univision

Univision and Lionsgate Team for SVOD Movie Service for U.S. Hispanics

 
People Entertainment Weekly PEN

People/Entertainment Weekly Ad-Supported OTT Service Preps for Launch

 
George_Kliavkoff Jaunt VR

Jaunt VR Hires Hearst Exec George Kliavkoff as CEO

 
Making a Murderer Netflix

‘Making a Murderer’ Scores for Netflix at Creative...

 
Future Man Hulu Josh Hutcherson

Hulu Orders ‘Future Man’ Series Starring Josh...

 
Heirloom Paten Hughes Tom Wopat Vimeo

How an Actress’ Real-Life Tomato Farm Inspired the New...

 
Robert Redford and Jane Fonda Electric Horseman

Netflix Rolls Camera on Robert Redford & Jane Fonda...

 
AmazonBox

Amazon Greenlights Docu-Series on Tennis Star Novak Djokovic

 
FCC Chairman Tom Wheeler 2-4-15

It’s Apps or Else: FCC Chairman Wheeler Clarifies Rule...