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March 01, 2006
VCs back German digital games TV
GIGA, a television broadcaster and portal owner that focuses on digital games, has raised €3M from Wellington Partners. It joins Turtle Entertainment GmbH, and Cuneo AG, which is owned by Wellington venture partner Michael Wölfle, a former television exec. The investors are giving NBC UNIVERSAL a partial exit. It had been sole owner until December 2005.
GIGA, which broadcasts news and reviews about digital media, and video games, says it will use the capital to "speed up" production of content for TV and the Web, and to simultaneously link the content from the two more
strongly. Its web portal has a live streaming broadcast of Giga TV, and a selection of content, services (such as mobile text messaging and chat), and downloads.
It also publishes Fotostories which has the kind of shots that suggest that the audience is mainly male.
Image source: Giga.de attribution Askmen.com
Posted on March 1, 2006 04:33 PM | Posted to Venture Capital | Permalink
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