Category: Technology Author : Duncan Riley Posted: November 5, 2008
Tags : mobuzz, video blogging
Spanish video blogging outfit Mobuzz is appealing to its audience for cash to stay afloat.
Mobuzz launched 4 years ago, and offers daily shows around tech and related content in three languages. The site has survived so far on a mix of advertising revenue and angel funding, but an expected round due in September didn’t happen due to the financial crisis.
Mobuzz is looking to raise €120,000 ($155,000 USD) by the weekend to keep on going. At the time of writing, Mobuzz had only managed to raise 14% of the total.
It’s always sad to see an early player such as Mobuzz in trouble, but with 16 staff, plus distribution, hosting and content delivery budgets, it’s not exactly a lean production to this point either. NewTeeVee reports that the site has pulled €250,000 in advertising this year as well.
Video message below
Nov 6, 2008
Its not surprising that Mobuzz isn't getting the funding they need. With the loss of hosts such as Olivia Waters and Karina Stenquist, their viewers would have plummeted.