Loop Media Unveils Streaming Media Service, Backed By $10M In Funding
A new, Burbank-based startup, Loop Media, said on Thursday afternoon that it has launched a new “short-form” streaming media service, which it says will feature music videos, film trailers, game trailers and TV clips. The startup–which says it has been in “stealth” mode for over two years–says it is backed by $10M in seed funding. That funding came from angel investor Dianne Berry plus other private investors from California, Tennessee and Florida. Loop Media was co-founded by Jon Niermann, CEO (former President, Electronic Arts Asia and Managing Director, Walt Disney International Asia); Shawn Driscoll, Head of Music Industry Relations (former Executive Producer at Legends Studios in Burbank); and Philipp Pieper (current CEO, Swarm Fund, former Founder, Proximic). According to the startup, it wants to provide entertainment to consumers at home, on-the-go, or in public venues such as bars, restaurants, hotels, resorts, cruise lines, airlines, stadiums and universities. The company says it plans to launch its service later this year.