Digital Theatre Receives £750K in Funding
Digital Theatre, a London, UK-based company that films live theatrical productions that users can download or stream online, received £750k in funding.
The investment was made by Ingenious Ventures‘ Media Opportunities Fund. Patrick McKenna, Chief Executive of Ingenious, has joined the board of Digital Theatre and recently made a personal investment of £250k into the company.
Founded by Robert Delamere, CEO, and Tom Shaw, Digital Theatre works in partnership with British theatre companies to film live performances authentically onscreen. Using multiple camera angles and high-definition technology, the company has filmed 14 productions in front of live audiences since March 2009.
Digital Theatre makes money via online rentals and downloads, distributes third party content and offers subscription access for schools and universities worldwide.