Struum, a streaming aggregator created by former Disney and Discovery executives and backed by former Disney CEO Michael Eisner, has closed a $7 million Series A funding round.
Canada’s Corus Entertainment led the round, which will enable Struum to expand internationally, starting with Canada. Also participating in the Series A was Gaingels, which describes itself as “the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space.” Eisner’s involvement is via the Tornante Company, the investment firm he created in 2005 upon leaving Disney.
Struum now has carriage deals with 60 streaming providers and delivers customers access to all of them through a streamlined offering priced at $5 a month. The glut of streaming services in the marketplace — hundreds of subscription ones and thousands of free, ad-supported ones — along with friction in the user experience helped inspire the creation of Struum. Its content sources include BBC Select,...
Canada’s Corus Entertainment led the round, which will enable Struum to expand internationally, starting with Canada. Also participating in the Series A was Gaingels, which describes itself as “the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space.” Eisner’s involvement is via the Tornante Company, the investment firm he created in 2005 upon leaving Disney.
Struum now has carriage deals with 60 streaming providers and delivers customers access to all of them through a streamlined offering priced at $5 a month. The glut of streaming services in the marketplace — hundreds of subscription ones and thousands of free, ad-supported ones — along with friction in the user experience helped inspire the creation of Struum. Its content sources include BBC Select,...
- 11/9/2021
- by Dade Hayes
- Deadline Film + TV
Former senior Disney and Discovery streaming and tech execs Thursday announced a new venture called Struum backed by a multi-million dollar investment from former Disney CEO Michael Eisner through his Tornante Company.
Founders of Struum, which aims to make it easier for people to discover new streaming programming, include Lauren DeVillier, former Head of Product for Discovery Ventures, Eugene Liew, former VP of Product and Technology at Disney+, Paul Pastor, former Executive VP of Strategy, Revenue and Operations at Discovery Networks and Thomas Wadsworth, former lead Advanced Product Development for Walt Disney Imagineering.
It is expected to launch in early spring with a focus on maximizing opportunity of the mass niche and specialty premium SVOD market.
“Our mission is simple: to create the easiest way for people to find more of the content they love by providing value through a single subscription. As the Ott space continues to expand, there...
Founders of Struum, which aims to make it easier for people to discover new streaming programming, include Lauren DeVillier, former Head of Product for Discovery Ventures, Eugene Liew, former VP of Product and Technology at Disney+, Paul Pastor, former Executive VP of Strategy, Revenue and Operations at Discovery Networks and Thomas Wadsworth, former lead Advanced Product Development for Walt Disney Imagineering.
It is expected to launch in early spring with a focus on maximizing opportunity of the mass niche and specialty premium SVOD market.
“Our mission is simple: to create the easiest way for people to find more of the content they love by providing value through a single subscription. As the Ott space continues to expand, there...
- 1/7/2021
- by Jill Goldsmith
- Deadline Film + TV
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