Wednesday, March 12, 2014

TAPP Scores Funding From Eric Schmidt For Subscription Video

Los Angeles-based TAPP, a new startup co-founded by Jeff Gaspin, the former Chairman of NBC Universal Television, and Jon Klein, former president of CNN/U.S., said this morning that it has scored funding from a number of high profile investors. TAPP said that its investors include Discovery Communications, Demarest Films, Google Executive Chairman Eric Schmidt, as well as Ken Moelis, Peter Ezersky and Michael Huber. Details on the funding and backing of the startup were not anounced. According to TAPP, it will offer up a subscription video platform featuring "thought leaders" in the areas of sports, politics, religion, relationships, entertainment, lifestyle, fashion, and fitness, offering up daily content and subscription-only access to those thought leaders. The company also said its co-founder and CTO is, Michael Greer, who was head of technology and product development for The Onion.