Monkeybars Selected by AlwaysOn as One of the OnHollywood 100 Companies to Watch
Socially Driven Music Platform Recognized for Creating Technology Innovations in Digital Entertainment.
- (1888PressRelease) November 22, 2012 - San Jose, Calif. - Monkeybars, Inc., the only socially driven website that financially rewards artists and fans for distributing and recommending content online, today announced that it has been chosen by AlwaysOn as one of the OnHollywood 100 Companies to Watch. Inclusion in the OnHollywood 100 Companies to Watch signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing and entrenched Hollywood entertainment. Monkeybars was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz.
Monkeybars and the OnHollywood 100 Companies to Watch were honored at AlwaysOn's sixth annual OnHollywood on October 29 and 30, 2012, at the Museum of Flying in Santa Monica, CA.
This two-day executive gathering highlighted the significant trends affecting digital entertainment. Disruptive technology is forcing big changes in Hollywood: new contracts, new genres, new stars. As the behemoth industry steps into the digital era, entertainment execs will be paying even closer attention to the global Silicon Valley-especially the startups that are writing the rules and creating the tools for the digital entertainment age.
"With the advent of a social, mobile audience, the opportunities for digital entertainment innovation are opening up with explosive force," said Tony Perkins, Founder and Editor of AlwaysOn. "As technology ensures speedy deployment to almost any device, creative producers are delivering quality television, film, and music to an increasingly sophisticated audience. This new, lucrative market is being driven in large part by the companies that made this year's OnHollywood Companies to Watch list, which includes the companies our editors believe represent the highest-growth opportunities in today's digital entertainment marketplace."
The OnHollywood 100 Companies to Watch winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists and entertainment industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2012 list.
Monkeybars was selected for this award because of the differentiation of its business model within the music industry. Monkeybars is the only online music platform that financially rewards artists and fans for social sharing of artist content and the value of their entire social network. By combining a cloud content storage and sharing application, patented social networking search technology and a reward program, Monkeybars is creating a new business model for the Internet.
"Traditional music discovery and distribution channels have been challenged by online platforms creating a paradigm shift in the industry," said Steve Koskie, CEO of Monkeybars. "Monkeybars aims to change the music industry by giving control back to the artists who create the music, enabling them to financially benefit from fan recommendations on social networks. This is new model creates revenue streams that benefit both the artists and their fans. "
A full list of all the OnHollywood Companies to Watch winners can be found on the AlwaysOn website at: http://www.aonetwork.com/AOStory/Announcing-2012-OnHollywood-100-Top-Private-Companies.
About Monkeybars:
Monkeybars is the only socially driven platform that financially rewards artists and fans for distributing and recommending content online. Monkeybars is partnering with artists to affect true, positive change in the music industry by enabling an evolution in the distribution of content. At the same time, Monkeybars is also creating a truly rewarding social music website, in which fans share their favorite songs within their networks, rewarding themselves and the artists they support. With a deep bench of advisors, the company understands the needs of artists because the platform is supported by those who have insider knowledge on the issues within the music industry. Monkeybars is headquartered in San Jose, California. For more information, visit https://www.monkeybars.net/.
About AlwaysOn:
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
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