Pandora TV
Encyclopedia
Pandora TV is a video sharing
website that hosts user-generated content
. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong
, Gangnam-gu
, Seoul
.
In 2007 it was the fastest growing website in South Korea. In 2008 it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time it had 35% of the Korean marketshare for video sharing sites.
The site is available in Korean, and since April 2008, in English, Chinese, and Japanese.
Pandora TV raised over $16 million from Silicon Valley
venture capital
firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.
Video sharing
Video hosting services refers to websites or software where users can distribute their video clips. Other sites such as file hosting services image hosting services and social network services might support video sharing as an enhancement to their primary mission, but in general, they are not...
website that hosts user-generated content
User-generated content
User generated content covers a range of media content available in a range of modern communications technologies. It entered mainstream usage during 2005 having arisen in web publishing and new media content production circles...
. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong
Yeoksam-dong
Yeoksam-dong is a ward of Gangnam-gu, Seoul, South Korea. Teheranno runs through Yeoksam-dong and holds many of the tallest buildings in Seoul in a collection of corporate headquarters and high-rise office buildings....
, Gangnam-gu
Gangnam-gu
Gangnam-gu is one of the 25 gu which make up the city of Seoul, South Korea. It is one of the most affluent areas of Seoul and is located in the southeast of the city...
, Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
.
In 2007 it was the fastest growing website in South Korea. In 2008 it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time it had 35% of the Korean marketshare for video sharing sites.
The site is available in Korean, and since April 2008, in English, Chinese, and Japanese.
Pandora TV raised over $16 million from Silicon Valley
Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...
venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.
Company history
- October 2004 - Launched video sharing portal Pandora TV
- October 2005 - Launched iCF ad format
- October 2005 - Changed the corporate name from Lettee.com to Pandora TV Co.
- June 2006 - Completed Series A financing of over $6 million from a Silicon Valley-based investment group led by Altos Ventures
- April 2007 - Completed Series B financing of $10 million led by DCM (formerly known as Doll Capital Management)
- December 2007 - Selected as one of the Top 100 Global Tech Startups in 2007 by Red Herring
- December 2007 - Launched Pandora TV Global Beta service
- March 2008 - Acquired The K-Multimedia PlayerK-Multimedia PlayerK-Multimedia Player is a media player software for Microsoft Windows which can play a large number of formats including VCD, DVD, AVI, MKV, Ogg, OGM, 3GP, MPEG-1/2/4, WMV, RealMedia, FLV and QuickTime...
, a premium video player solution - April 2008 - Officially launched Pandora TV global service offered in four languages (English, Chinese, Japanese and Korean)