Kiswe (company)

Last updated
Kiswe
Type Private
Industry Video production, sports media, broadcasting
FoundedAutumn 2013
Founder Jeong Kim (Chair)
Wim Sweldens (President and CEO)
Jimmy Lynn (Vice-President)
Headquarters
Murray Hill, New Jersey
,
United States
Area served
Worldwide
Key people
Mike Schabel (CEO)
ProductsKiswe Studio
Website kiswe.com

Kiswe Mobile, Inc., trading as Kiswe, is an internet video company based in Murray Hill, New Jersey. The company develops live streaming and interactive video platforms, particularly for sporting events and concerts.

Contents

History

The company was started in autumn 2013. [1] Its three founders are Jeong Kim, an engineer and former president of Bell Labs; Wim Sweldens, a scientist and innovator in communications and signal processing who had been at Alcatel-Lucent; and Jimmy Lynn, former sports executive with AOL and professor at Georgetown University’s McDonough School of Business. [2] During its stealth mode period, Kim said the new venture was at the juncture of next-generation Web technology and sports and said that their "secret sauce" was the technology to allow interactive video to be applied to sports. [2] Kim's initial goals were for $1 million in funding. [2]

Clients

Kiswe's first major client was the Washington Mystics of the WNBA, which launched a "Mystics Live" mobile app in May 2014 that offered free, in-market streaming of Mystics games, with a choice of multiple camera angles, on-demand instant replay, and in-game statistics. Kim is a partner of the team's parent company Monumental Sports & Entertainment. [3] Sweldens described the app as a combination of a "first screen" experience of video with a second screen experience. [3] The Mystics and WNBA were an effective vehicle for the application because the league is more open to new business ventures, and because the team's television broadcaster CSN Mid-Atlantic did not pay a rights fee to carry Mystics games. [4] [5]

Kiswe launched an app for the mixed martial arts promotion Professional Fighters League (PFL) in 2019, similarly integrating streams of events with real-time statistics, interactive polls, trivia, and prediction games, and the ability to create public and private lobbies with chat rooms. PFL CEO Pete Murray stated that the app was designed to also facilitate sports betting features in the future. [6] [7]

In July 2019, Kiswe announced a partnership with Vidgo to integrate social television features into its streaming television service. Vidgo also made an investment into Kiswe. [8] Kiswe also partnered with the CrossFit Games to use its cloud-based production platform to allow for community-produced broadcasts of the 2019 CrossFit Games, which could be localized and tailored for different audiences and languages. [9] [7]

Amid the COVID-19 pandemic, Kiswe branched out into virtual concerts in 2020; [10] [11] on June 8, 2020, Kiswe announced a strategic "global partnership" with K-pop record label Big Hit Entertainment, [12] [13] with its first event being the BTS virtual concert Bang Bang Con: The Live. The event took in US$18.1 million in revenue, with Kiswe and Big Hit reporting a peak of over 756,000 concurrent viewers in 107 territories. [10] [11] [14] The two companies launched a virtual concert platform, VenewLive, in September 2020: in March 2021, Universal Music Group and YG Entertainment made investments into VenewLive. [15]

In April 2023, the Phoenix Suns of the NBA announced that Gray Television and Kiswe had acquired the regional rights to the team and WNBA Phoenix Mercury from Bally Sports Arizona (though the move for the Suns wasn't considered official for the Suns until July 14 that year due to arbitration); Kiswe developed an over-the-top subscription service for the Suns called "Suns Live" by the start of the 2023–24 season. [16] [17] In June 2023, the Utah Jazz of the NBA announced that in addition to broadcasting their games onto KJZZ-TV and KUTV, Kiswe also developed an over-the-top subscription service for the Jazz called "Jazz+" during that same season. [18]

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References

  1. ↑ "Washington Mystics and Kiswe Mobile Release Groundbreaking Interactive Multi-Cam Live Mobile App" (Press release). Monumental Network. June 16, 2014.
  2. 1 2 3 Heath, Thomas (January 5, 2014). "Capital Buzz: For Jeong Kim, a spot in France's Legion of Honor". The Washington Post .
  3. 1 2 Costa, Brandon (July 3, 2014). "Washington Mystics' Interactive Multicam Live Mobile App Puts Fans in the Director's Chair". Sports Video Group.
  4. ↑ Ourand, John (June 16, 2014). "Mystics streaming live games to mobile app". Sports Business Journal .
  5. ↑ Tanklefsky, David (June 30, 2014). "WNBA Breaks New Ground With Free In-Market Live Streaming". PromaxBDA.
  6. ↑ "Professional Fighters League Launches App in Preparation for Sports Betting". Sports Business Journal. 8 May 2019. Retrieved 2023-04-30.
  7. 1 2 Impey, Steven. "Parting a sea of sameness: Influencer broadcasts are shifting the NBA's digital strategy". SportsPro. Retrieved 2023-04-30.
  8. ↑ Daniel Frankel (2019-07-23). "Vidgo Announces Partnership and Investment with Kiswe Mobile". Multichannel News. Retrieved 2023-04-30.
  9. ↑ "How Kiswe's CloudCast Created 28 Open-Source Broadcasts with the Help of CrossFit's Community". iSportConnect. 2019-10-14. Retrieved 2023-04-30.
  10. 1 2 "1.4m viewers watched Kiswe's pay-per-view virtual concerts in 2020". Music Business Worldwide. 2021-03-18. Retrieved 2023-04-30.
  11. 1 2 "BTS bank close to $20m for their 'Bang Bang Con: The Live' virtual concert". Music Business Worldwide. 2020-06-15. Retrieved 2023-04-30.
  12. ↑ Shieber, Jonathan (2020-06-09). "BTS label Big Hit Entertainment inks broad partnership with streaming tech company Kiswe". TechCrunch. Retrieved 2023-04-30.
  13. ↑ "Kiswe Discusses Partnership With Big Hit Entertainment". Billboard. 2020-06-08. Retrieved 2020-06-08.
  14. ↑ Frater, Patrick (2020-06-15). "BTS' 'Bang Bang Con: The Live' Claims Record Viewership for Online Concert". Variety. Retrieved 2020-08-05.
  15. ↑ "Universal teams with Big Hit and YG Entertainment to invest in global live-streaming platform". Music Business Worldwide. 2021-02-09. Retrieved 2023-04-30.
  16. ↑ Weprin, Alex (2023-04-28). "The Phoenix Suns Could Usher In the Future of Regional Sports TV Deals". The Hollywood Reporter. Retrieved 2023-04-28.
  17. ↑ Rizzo, Lillian (28 April 2023). "Phoenix Suns and Mercury to move games from cable to local network and streaming". CNBC. Retrieved 2023-04-28.
  18. ↑ "Inside the Utah Jazz's bold new TV plan". ESPN. 2023-09-27. Retrieved 2023-12-12.
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