Digital content & Related technologies

Tvigle launches new SaaS platform to distribute and monetize video content

At a moment when the Russian online video market is witnessing notable evolutions due to the tightening of the copyright legislation, Tvigle.ru, a major Russian video entertainment portal, has launched an enhanced version of its SaaS video publishing platform. Christened ‘Video Publisher Cloud,’ the platform allows publishers to convert, store, and distribute their video content, …

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Candy magnate Korkunov invests in mobile app community expecting mobile banking revolution

Andrey Korkunov, the founder of a leading candy company, has invested $1 million in Apps4all in exchange for a 15% stake, the Russian business daily Vedmosti reported yesterday. Launched in 2011, Apps4all brings together a community of mobile app developers with a variety of media, event, training, research, and advertising activities. The startup – which …

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Opposition leader Navalny subject of half a million VKontakte posts in one hour

Users of Russia’s leading social network Vkontakte.ru (VK.com) published half a million posts about Alexey Navalny in the hour following his conviction today on embezzlement charges. Navalny was mentioned approximately 480,000 times in the hour, with an average 134 posts per second.  The social network only registers such a high level of posts on New …

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Short video making startup Coub.com raises $1 million from Phenomen Ventures and Brothers Ventures

Coub.com, a Moscow-based startup launched last year, has just raised $1 million in a Series A round from Phenomen Ventures and Brother Ventures, two emerging Russian funds operating internationally. The startup’s valuation has not been disclosed, but the funds told East-West Digital News they received a minority stake in return for their investments. Coub is …

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International record labels to hold talks over music copyright with VKontakte

VKontakte, Russia’s biggest social network also known as VK.com, is keen on negotiating a way for its users to listen legally to the music from the world biggest record labels’ catalogues. Pavel Durov, CEO and founder of VKontakte, told Vedomosti that his company, together with Sony Music, Warner Music and Universal Music, is looking for …

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Family cloud platform Frolik nears completion after $1.5 million investment

MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in September 2012. “As for future investments, we will continue funding the project,  but we are open …

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Moscow startup FoodRock Menus launches SaaS platform for restaurant industry

FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …

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New anti-piracy law for video content shocks the industry

Last week the Russian parliament passed a new law against movie piracy on the Internet, which will take effect on August 1, 2013 if signed by the President. The new regulation allows copyright holders to file lawsuits against websites violating their intellectual property. The court will issue a warrant to block the website if the violating …

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Report: Android dominates Russian smartphone market with 70.9% share

The share of Android operating system in official smartphone shipments to Russia now exceeds 70%, almost doubling in just one year, according to research presented by Hi-Tech Mail.Ru and IDC. Android´s closest rival, Linux, has a share about 7 times smaller. The market research data confirms the results of a customer survey conducted during the …

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St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing

Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …

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