Pandora TV explained

Pandora TV
Type:	Private
Foundation:	October 2004
Defunct:	January 31, 2023^[1]
Location City:	Bundang-gu, Seongnam-si, Gyeonggi-do
Location Country:	South Korea
Industry:	Internet video sharing
Key People:	Peter Kim, Founder and CEO Samuel Lee, COO
Num Employees:	120 (2008)
Homepage:	www.pandora.tv

Pandora TV (판도라TV) was a video sharing website that hosted user-generated content. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong, Gangnam-gu, Seoul.^{[2] [3]}

In 2007, it was the fastest growing website in South Korea.^[4] In 2008, it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time, it had 35% of the Korean marketshare for video sharing sites.^[5]

The site was available in Korean, and after April 2008, in English, Chinese, and Japanese.

Pandora TV raised over $16 million from Silicon Valley venture capital firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.^[6]

On January 31, 2023, Pandora TV ended its service.^[7]

Company history

• October 2004 - Launched video sharing portal Pandora TV
• October 2005 - Launched iCF ad format
• October 2005 - Changed the corporate name from Lettee.com to Pandora TV Co.
• June 2006 - Completed Series A financing of over $6 million from a Silicon Valley-based investment group led by Altos Ventures
• April 2007 - Completed Series B financing of $10 million led by DCM (formerly known as Doll Capital Management)
• December 2007 - Selected as one of the Top 100 Global Tech Startups in 2007 by Red Herring ^[8]
• December 2007 - Launched Pandora TV Global Beta service
• March 2008 - Acquired The K-Multimedia Player, a premium video player solution
• April 2008 - Officially launched Pandora TV global service offered in four languages (English, Chinese, Japanese and Korean)
• July 2015 - Pandora TV uses Youtube to host it's videos and is no longer an independent platform
• January 31, 2023 - Pandora TV service ended,^[9] and users get redirected to Moviebloc.com.

See also

• K-Multimedia Player
• YouTube

External links

• Pandora TV (Archived)
• K-Multimedia Player
• Pandora TV Blog

Notes and References

1. Web site: 판도라TV, 23년 만에 서비스 종료 . Jung Min-kyung . MediaToday . December 19, 2022 . December 26, 2022 . ko .
2. "Privacy Policy ." Pandora TV. Retrieved on September 17, 2011. "Seoul-Gangnam Building 5th Floor #727-16, Yeoksam-Dong, Gangnam-Gu Seoul, Korea 135-921"
3. "Report Personal Rights Violation ." Pandora TV. Retrieved on September 17, 2011. "Copyright Infringement Report Center Pandora TV Inc.5F. Seoul Gangnam Bldg, #727-16 Yeoksam-dong Gangnam-gu, Seoul 135-921, South Korea"
4. "Fast Search & Transfer wins deal with South Korea's Pandora.TV." Forbes. April 25, 2007. Retrieved on September 17, 2011.
5. Sung, So-young. "." Joongang Daily. January 22, 2008. Retrieved on September 17, 2011.
6. News: DCM invests in Pandora TV . www.dmwmedia.com . 2007-04-02 . 2007-04-27 . dead . https://web.archive.org/web/20070927015014/http://www.dmwmedia.com/news/2007/04/02/korean-youtube-competitor-pandora-tv-gets-10-million-from-dcm . 2007-09-27.
7. Web site: 판도라TV, 23년 만에 서비스 종료 . Jung Min-kyung . MediaToday . December 19, 2022 . December 26, 2022 . ko .
8. Web site: Global Top 100 Tech Startups 2007 Finalists (Red Herring) . December 2007 . 2011-09-17 . https://web.archive.org/web/20190502062949/http://www.herringevents.com/global07/redherring100_finalists_name.html . 2019-05-02 . dead .
9. Web site: 판도라TV, 23년 만에 서비스 종료 . Jung Min-kyung . MediaToday . December 19, 2022 . December 26, 2022 . ko .