Brent Lang Executive Editor “Devotion,” a drama about a group of elite fighter pilots during the Korean War, will screen at the opening night of the Urbanworld Film Festival. The Sony Pictures and Black Label Media production was directed by J.D. Dillard and stars Jonathan Majors, who will serve as the festival’s official ambassador. HBO will return as a founding partner of the Urbanworld Film Festival, and Visa will serve as presenting partner. The festival will take place from Oct. 26 to Oct. 30. “This year’s slate is incredibly impressive,” said Karen McMullen, head of programming. “We have some of the top artists in the industry as well as exciting new voices premiering their films at Urbanworld. It has been a privilege working alongside this organization as we move into our 26th year as a festival. We can’t wait to see everyone in person in New York City to help us celebrate our dynamic films and filmmakers.”
Podcast Startup Podimo Raises $58 Million in New Funding to Fuel Expansion
14.09.2022 - 15:33 / variety.com
Todd Spangler NY Digital Editor Listen up: Podimo, the Denmark-based subscription service for podcasts and audiobooks, said it secured €58.6 million (about $58.4 million) in funding, as it seeks to grow its market footprint and content lineup. The funding was led by previous investors 83North, Highland Europe and Saban Ventures, with continued participation from Chr. Augustinus Fabrikker, Heartcore and Headline. The latest round brings Podimo’s total raised to date to about €162 million ($161.5 million), the company said. Podimo did not disclose valuation but said the new capital represented an “up round,” meaning its valuation increased. Founded in 2019, Podimo said it has doubled its headcount in the past two years and currently has about 225 employees. The company plans to step up hiring with the new funding.
Podimo says it takes a “local-first approach,” offering both original and licensed podcasts without ads in different countries. The company shares membership fees with partners based on the level of monthly listenership. The app is currently available in Denmark, Germany, Spain, Norway, the Netherlands, Finland and across Latin America. In addition to exclusive, ad-free content, Podimo says it provides differentiated features like personalized audio recommendations, full-length video versions of its shows, and skip intro. “Our international expansion is progressing beyond expectations, and we continue to see our growth and content strategy scale efficiently,” Podimo CEO and founder Morten Strunge said in a statement. This funding round sends a clear message that our model is working. As we continue to focus on growing our existing markets and opening new ones, we are also building on our extensive catalog of
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