California, USA-based pioneer of reshaping entertainment economics through tech, Kino Studios raised more than USD 2 million in pre-seed financing. The round took place on October 11, 2023. Sequoia Capital’s Scout program, Blockchain Founders Fund, Slow Ventures, Metaweb Ventures, and Genius Ventures provided the investment to the firm. Meanwhile, the Near Protocol and an assortment of industry experts and angel investors also joined in the financing.
Purpose of financing for Kino Studios
With the latest proceeds from the pre-seed financing, Kino Studios seeks to expand its business operations as well as its business reach.
What the company’s official has to add
Co-founder of Kino Studios, Daril Fannin, said, “During the production cycle, film and TV shows currently do zero marketing or product market fit. This means that the industry is wasting billions of dollars annually, and our technology solves that inefficiency.”
In addition, co-founder of the companyAustin Worrell further added, “The film and television creator economy is drastically changing— has drastically changed with the rise of the internet, and crucially social media apps like Instagram and Tik Tok. KINO empowers artists to harness these changes, unlocking new revenue streams and pushing for fairer industry standards.”
What the leading industry experts and investors have to comment
Besides, Tobias Bauer, Partner at Blockchain Founders Fund, said, “The film and TV industry has often lagged in tech adoption. KINO’s groundbreaking approach bridges this gap, tapping into the creator economy and redefining audience engagement. We’re thrilled to back their vision.”
About Kino Studios
Austin Worrell and Daril Fannin are the co-founders of the company. KINO Studio brings the power of technology to film via community building, royalties processing, as well as IP discovery. The technology leveraged by the company makes the entertainment industry faster, stronger, and more connected. Currently, KINO captivates more than a million film aficionados monthly. Its avant-garde app, available for early access on the App Store, offers a plethora of features from celebrity live-streams and exclusive behind-the-scenes content to authentic movie merchandise and exclusive red-carpet event tickets. The company also boasts a powerful lineup of advisors and partners from industry giants such as Netflix, Disney, HBO, and more.
To film and TV fans, Kino Studios offers Live-streams with celebrity actors, directors, film/TV show creators, and other industry professionals (Netflix, Disney, NBC, Amazon, Warner Bros, Universal, HBO, etc). It also shows Behind-the-scenes access to independent films with viral talent such as Jojo Siwa and Dove Cameron. Moreover, Tickets to Red Carpet Events, Limited Edition Merchandising, Authentic Film Props, Wardrobe, Autographed Memorabilia, Giveaways and more is also available on the company’s platform.
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