SOURCE: Jukin Media

Jukin Media

July 30, 2015 11:00 ET

Jukin Media Adds Samsung Venture as Strategic Investor

Samsung Venture Invests $2 Million, Offers Strategic Value as a Partner

LOS ANGELES, CA--(Marketwired - July 30, 2015) - Jukin Media, the global leader in user-generated entertainment with more than one billion monthly views across digital platforms, has raised $2 million in funding from Samsung Venture Investment Corporation ("Samsung Venture"). The new capital will provide financial flexibility for Jukin as it continues to grow rapidly.

"We have several profitable and expanding business units, which is rare for a company at this stage," said Lee Essner, President and COO of Jukin Media. "Although we have always funded the company solely from operations and have not yet touched any previously raised investor capital, the Samsung Venture investment gives us maximum flexibility to expand our investment in tech and original production, both of which have been pivotal factors in our sustained growth."

That growth, coupled with the tremendous scale it has already achieved, is what has made Jukin an attractive partner to other parties.

"Jukin is extraordinarily unique for a digital-first entertainment company in that it's profitable, expanding, and has amassed a significant intellectual property portfolio in the form of its owned-and-operated brands and its impressive video library," said Thomas Jueng, Sr. Manager of Samsung Venture.

While Jukin was built on its ability to monetize individual user-generated video clips via licensing and online monetization, the company's ability to package those clips and build entertainment brands around them has fueled its recent growth across online video platforms, OTT services, and in television.

In addition to its capabilities in original creative and programming, Jukin continues to offer industry-leading licensing, syndication, white-label production, clearance, and other services for its business-to-business operations, which give brands, digital publishers, and production studios the ability to leverage the web's most compelling user-generated and viral video content.

In 2014, Jukin Media raised a total of $2.2 million from BDMI, Maker Studios, Karlin Ventures, Peter Guber, Allen DeBevoise, Richard Wolpert, Brad Zions, Canyon Creek Capital, Kombo Ventures, and Launchpad LA.

Jukin Media is a global entertainment company powered by user-generated video content. Jukin receives more than one billion monthly views across platforms, and is the leader in discovering, acquiring, and curating the web's most compelling UGC videos. Jukin is the producer of "World's Funniest" on FOX, and is owner/operator of the global comedy powerhouse FailArmy, which has spawned an international TV series and has more than twelve million fans worldwide. Additionally, Jukin provides a wide range of enterprise solutions that allow premium brands, publishers, and media networks to commercially utilize UGC videos.

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