By Sahil Patel
Screenburn, a VOD distribution platform that allows creators to sell content directly via their Facebook pages, has raised $500,000 in angel money.
The round was led by Andrew Weisz of Lean Investments LP, with participation from other angels including Tom Singh, and Michael and Simon Blakey from Avonmore Investments.
Screenburn works with filmmakers, distributors, musicians, and record labels to distribute long-form content on Facebook. Fans are able to rent or buy a film via a Facebook page, and then stream it directly on said page via an embedded player. To date, Screenburn says it has helped distribute over 200 independent films via Facebook, as well as concert films from the likes of Paul McCartney and The Rolling Stones.
Additionally, Screenburn has named Zodiak Rights chief executive and former BBC Worldwide sales chief Steve Macallister to its board, along with Howard Kiedaisch, CEO of Arts Alliance Media.
Said Macallister in a statement: “There’s no question that much of the future of long form video content lies with digital streaming. Screenburn is exciting because it offers content owners an opportunity to reach out to people already engaged with a brand or a particular release online. In an age where physical releases are seeing a downward turn, finding additional revenue streams is now a real priority for many companies looking to promote content.”