{"id":4194,"date":"2016-12-22T10:17:37","date_gmt":"2016-12-22T15:17:37","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/next-entertainment-raises\/"},"modified":"2016-12-22T12:46:35","modified_gmt":"2016-12-22T17:46:35","slug":"next-entertainment-raises-25-million-for-new-live-streaming-app-meme","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/next-entertainment-raises-25-million-for-new-live-streaming-app-meme\/","title":{"rendered":"Next Entertainment Raises $25 Million for New Live-Streaming App MeMe"},"content":{"rendered":"<p>TAIPEI: The Taiwan-based\u00a0global live broadcasting platform company Next Entertainment has completed $25 million in Series A funding for its newly launched live-streaming service MeMe.<\/p>\n<p>The project&#8217;s lead investor is Inke,\u00a0China&#8217;s\u00a0number one live streaming app. Additional funds have been supplied by games developer FunPlus, Chinese venture capital company GSR Ventures and\u00a0San Francisco-based investment firm\u00a0Mayfield.<\/p>\n<p>MeMe is a live-streaming platform that enables anyone to stream, interact with their audience, build a following and get paid to do so. Viewers on MeMe can interact with performers and other viewers, showing their support and increasing their own following and profile along the way.\u00a0The service launched in\u00a0Taiwan\u00a0in\u00a0October\u00a02016 and will launch in other territories in 2017.<\/p>\n<p>&#8220;As far as monetization goes, you can think about this as digital tips for performers who have hyper-local appeal,&#8221; commented Mayfield&#8217;s managing director, Tim Chang.\u00a0&#8220;If you bid high enough, you might be the preferred fan or the one who gets to make a request. It mimics real-life behavior at clubs, where you buy someone a bottle of champagne.&#8221;<\/p>\n<p>&#8220;We&#8217;re excited about live streaming as a form,&#8221; added Next Entertainment CEO\u00a0Andy Zhong.\u00a0&#8220;By building ways for content creators to engage and interact with their fans in real time and to earn money doing it, Inke has changed people&#8217;s lives. We&#8217;re going to expand that globally.<\/p>\n<p>&#8220;There&#8217;s a revolution happening in the entertainment industry, and we&#8217;re happy that our partners at Inke and our Series A investors are part of it.&#8221;<\/p>\n<p>GSR&#8217;s managing director, Richard Lim, added, &#8220;As an investor in Inke we saw its incredible growth in\u00a0China. Their partnership with a proven east-west entrepreneur like Andy is very exciting, and we&#8217;re thrilled to be able to work\u00a0with them both again.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAIPEI: The Taiwan-based global live broadcasting platform company Next Entertainment has completed $25 million in Series A funding for its newly launched live-streaming service MeMe.<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[687,688],"class_list":["post-4194","post","type-post","status-publish","format-standard","","category-top-stories","tag-meme","tag-next-entertainment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Next Entertainment Raises $25 Million for New Live-Streaming App MeMe - TVASIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvasia\/next-entertainment-raises-25-million-for-new-live-streaming-app-meme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Next Entertainment Raises $25 Million for New Live-Streaming App MeMe - 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