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WatchMojo Crosses 100 Million Total Streams One Month Ahead Of Its 4 Year Anniversary
Date:1/13/2010

In a year where most media companies scaled back, WatchMojo cemented its place as the leading provider of professional video content to media companies.

(PRWEB) January 13, 2010 -- WatchMojo, a leading producer and supplier of entertaining and informative video content, has reached yet another significant milestone in its brief 4-year history: crossing the 100 million cumulative stream mark and finishing the year with a record 8.8M streams in December. The company has never raised outside financing.

"Online video is at once the most promising and challenging sector in online media; our success reiterates that while content is king, only the right editorial and business strategy can build a successful media company without burning millions of dollars of venture capital," states CEO Ashkan Karbasfrooshan, who founded WatchMojo in 2006 after News Corp. acquired his last company.

In 2009, WatchMojo generated 65 million streams, crossing:
-   25 million streams in April 2008,
-   50 million in April 2009,
-   100 million in December 2009.

The company’s growth rate accelerated during the year, total audited video streams grew:
-   107% from 2007 to 2008
-   132% from 2008 to 2009.
Most importantly, revenues grew 35% while the online advertising market shrunk by 4.6% through a combination of:
a)   Recurring, guaranteed licensing revenues from other media companies seeking professional videos,
b)   Revenue share syndication deals with the largest video destinations,
c)   Marketing deals with a blue chip list of advertisers seeking to either integrate the increased popularity of video i
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Source: PRWeb
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WatchMojo Crosses 100 Million Total Streams One Month Ahead Of Its 4 Year Anniversary
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