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Thursday, 12 January 2012 - Social TV start-up GetGlue bags $12 million |
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Try the virtual keyboard Follow Reuters Facebook Twitter RSS YouTube Read Pot smokers don't puff away lung health: study 2:43pm EST Bomb kills Iran nuclear scientist as crisis mounts | 4:03pm EST Mafia now "Italy's No.1 bank" as crisis bites: report 10 Jan 2012 Gay marriage a threat to humanity's future: Pope 09 Jan 2012 Solar stocks soar on strong Germany, improved prices 2:23pm EST Discussed 196 Huntsman outraged at ad targeting adopted daughters 155 Obama to help unveil ”realistic” military plan 89 Gay marriage a threat to humanity’s future-Pope Watched Bungee jumper plummets into Zimbabwe river Sun, Jan 8 2012 Russian warships arrive in Syria Mon, Jan 9 2012 Polish prosecutor shoots himself Mon, Jan 9 2012 Social TV start-up GetGlue bags $12 million Tweet Share this Email Print Related News Exclusive: Microsoft Web TV subscription plan on hold 2:44pm EST YouTube eyes gadgets, channels to boost viewership Tue, Jan 10 2012 Analysis & Opinion The year of the newspaper paywall Social-studying site Piazza snags funding Related Topics Tech » Small Business » Media » Facebook » People shop for televisions and other electronics in a store in New York, February 18, 2010. Credit: Reuters /Natalie Behring Wed Jan 11, 2012 3:37pm EST (Reuters) - As more and more television viewers spend time tweeting about their shows or posting comments on Facebook, social entertainment start-up GetGlue has raised more money to keep fans talking through their favorite shows. GetGlue said on Wednesday it had raised another $12 million in a round led by RHO Ventures with previous investors Time Warner Inc, RRE Ventures and Union Square Ventures participating again. It previously raised $6 million in Nov 2010. The New York-based start-up now has more two million users who 'check in' to let friends know what shows they are currently watching or movies they have seen, for example. That kind of user behavior is increasing according to various Web research. Up to 38 percent of U.S. mobile device owners surveyed last July used their device to interact or research a TV show while they were watching it, according to a Yahoo!/Razorfish survey. GetGlue founder Alex Iskold said as many as 75 TV networks like Walt Disney Co's ABC, News Corp's Fox and Comcast Corp's NBC use GetGlue's marketing dashboard to reach fans of nearly 700 shows. The fans are rewarded with incentives like virtual stickers and actual gifts for checking in, while the networks hope to mine valuable user traffic data which goes beyond traditional viewership data. Iskold told Reuters that his two-year old company sees its current business model in advertising and is working on ad sponsorship campaigns with big brands like Gap, Coke and PepsiCo's Gatorade. But he also said he sees a great future in working with media partners on sharing user data. GetGlue is still at least 18 months from turning a profit according to Iskold, as it uses it new chunk of funding to hire more engineers and product staff and expand its business offering to major agencies and brand owners. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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