LoveLive has secured £1.7m in funding from a group of digital media investors as it continues to grow into new territories.
The funds will facilitate further international expansion for LoveLive with investors including:
- Pierre Andurand, owner, Andurand Capital
- John Gleasure, CCO, Perform Group
- Ynon Kreiz, Executive Chairman, Maker Studios
- Gigi Levy, former CEO, 888 Holdings
- Andy Measham, former COO, consultant, Perform Group
- Jorg Mohaupt, Head of TMT, Access Industries
- Oliver Slipper, Joint-CEO, Perform Group
LoveLive aims to bring together brands, artists and record labels to create high-quality content to engage fans, create credible brand partnerships and generate new income for artists and labels.
CEO of LoveLive, Richard Cohen established the business in 2008 with three others.
“In the last five years our approach to bringing together artists, labels and brands to create and commercialise high-quality music content has been incredibly successful.” said LoveLive founder and CEO Richard Cohen.
“Brands understand the power music has to connect them with fans and the music business continues to innovate, as developments in networks and devices take VOD from the early-adopter margins into the commercial mainstream.”
Cohen added: “Revenues are growing rapidly and we expect them to accelerate in coming years – it’s the perfect time for LoveLive to seek significant external funding and move into the next stage of our growth - now we have an incredible investor team to help us achieve our ambitious goals.”
A UK media music company, LoveLive recently acquired entertainment media business Show Cobra (LoveLive US) to facilitate its US expansion.