Pandora TV

South Korean company

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Pandora TV

Company type	Private
Traded as	KRX: 202960
Industry	Internet video sharing
Founded	October 2004
Defunct	January 31, 2023^[1]
Headquarters	Bundang-gu, Seongnam-si, Gyeonggi-do , South Korea
Key people	Peter Kim, Founder and CEO Samuel Lee, COO
Number of employees	120 (2008)
Website	www.pandora.tv

Pandora TV (판도라TV) was a video sharing website that hosted user-generated content. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong, Gangnam-gu, Seoul.^[2]^[3]

In 2007, it was the fastest growing website in South Korea.^[4] In 2008, it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time, it had 35% of the Korean marketshare for video sharing sites.^[5]

The site was available in Korean, and after April 2008, in English, Chinese, and Japanese.

Pandora TV raised over $16 million from Silicon Valley venture capital firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.^[6]

On January 31, 2023, Pandora TV ended its service.^[7]

Company history

October 2004 - Launched video sharing portal Pandora TV
October 2005 - Launched iCF ad format
October 2005 - Changed the corporate name from Lettee.com to Pandora TV Co.
June 2006 - Completed Series A financing of over $6 million from a Silicon Valley-based investment group led by Altos Ventures
April 2007 - Completed Series B financing of $10 million led by DCM (formerly known as Doll Capital Management)
December 2007 - Selected as one of the Top 100 Global Tech Startups in 2007 by Red Herring ^[8]
December 2007 - Launched Pandora TV Global Beta service
March 2008 - Acquired The K-Multimedia Player, a premium video player solution
April 2008 - Officially launched Pandora TV global service offered in four languages (English, Chinese, Japanese and Korean)
July 2015 - Pandora TV uses Youtube to host it's videos and is no longer an independent platform
January 31, 2023 - Pandora TV service ended,^[9] and users get redirected to Moviebloc.com.

Logo

2006 - 2012
2013 - 2014
2016 - 2023
2016 - 2023 (Mobile)

References

^ Jung Min-kyung (December 19, 2022). "판도라TV, 23년 만에 서비스 종료" (in Korean). MediaToday. Retrieved December 26, 2022.
^ "Privacy Policy Archived 2011-09-24 at the Wayback Machine." Pandora TV. Retrieved on September 17, 2011. "Seoul-Gangnam Building 5th Floor #727-16, Yeoksam-Dong, Gangnam-Gu Seoul, Korea 135-921"
^ "Report Personal Rights Violation Archived 2011-09-24 at the Wayback Machine." Pandora TV. Retrieved on September 17, 2011. "Copyright Infringement Report Center Pandora TV Inc.5F. Seoul Gangnam Bldg, #727-16 Yeoksam-dong Gangnam-gu, Seoul 135-921, South Korea"
^ "Fast Search & Transfer wins deal with South Korea's Pandora.TV^{[dead link]}." Forbes. April 25, 2007. Retrieved on September 17, 2011.
^ Sung, So-young. "YouTube to launch Web site here, where many others have failed^[usurped]." Joongang Daily. January 22, 2008. Retrieved on September 17, 2011.
^ "DCM invests in Pandora TV". www.dmwmedia.com. 2007-04-02. Archived from the original on 2007-09-27. Retrieved 2007-04-27.
^ Jung Min-kyung (December 19, 2022). "판도라TV, 23년 만에 서비스 종료" (in Korean). MediaToday. Retrieved December 26, 2022.
^ "Global Top 100 Tech Startups 2007 Finalists (Red Herring)". December 2007. Archived from the original on 2019-05-02. Retrieved 2011-09-17.
^ Jung Min-kyung (December 19, 2022). "판도라TV, 23년 만에 서비스 종료" (in Korean). MediaToday. Retrieved December 26, 2022.