LiveClips
LiveClips develops and delivers video content from live sporting events for any internet-enabled device.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
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Founded in 2008 by Douglas Vunic, LiveClips carved a niche in the sports media landscape by specializing in the real-time creation and delivery of video highlights to internet-enabled and mobile devices. The company, which was also known as On Demand Real Time, established its headquarters in Stamford, Connecticut, after relocating from New York City in 2011. The leadership team included Lewis Bakes as Chairman and CEO, who was also involved via his private firm Amazing Grace Media LLC, along with Wilson Lee as CFO, Brian Kalinowski as COO, and Kevin Piltz as CIO.
LiveClips developed a proprietary technology platform designed to automate the labor-intensive process of generating game clips and highlights. The system ingests live sports feeds and, within seconds, produces discrete, searchable video clips of every play. This allowed broadcasters and rights holders to significantly enhance the efficiency of their sports coverage. End-users could filter these instant in-game clips by team, player, and type of play, creating a personalized viewing experience. The company's primary clients were major broadcasters and sports leagues, with entities like ESPN and Major League Baseball having utilized its technology. For example, during the 2011 NCAA/BCS college football season, LiveClips created 83,000 distinct video clips that were distributed to fans and viewed over 65 million times.
The company's business model focused on providing this workflow technology to content rights holders. LiveClips successfully secured a total of $7.86 million in funding through several rounds from investors including Connecticut Innovations, Ironwood Capital, Advantage Capital, IMG Worldwide, and DIRECTV. A significant milestone was the investment from DIRECTV, which utilized LiveClips' system to deliver immediate, personalized sports highlights for the DIRECTV NFL SUNDAY TICKET App. Ultimately, LiveClips was acquired by DirecTV in a merger and acquisition deal, marking its exit as an acquired/merged entity.
Keywords: real-time video highlights, sports media technology, video clipping, sports content delivery, mobile video, automated video editing, broadcast technology, sports data, fan engagement, live sports streaming, digital video platform, video personalization, content rights holders, media workflow automation, sports highlights on-demand, interactive sports video, mobile sports content, video digitization, searchable video clips, sports app technology