Revry, which claims to be the world’s first global LGBTQ+ TV streaming network, and which is now tripling its growth annually, has announced the close of its seed round investment with participation from Elevate Capital, Pride Fund, Gaingels, Tie Angels and Debut Capital. The company is already available in over 250+ million households in over 130 countries and has distribution partnerships with Samsung, Comcast, Roku, Cox, Xumo, Stirr and more. Revry was the first LGBTQ+ App available on Apple TV.
Revry operates a ‘tribrid’ model of SVOD, AVOD and multiple free, ad-supported linear/live channels. The streaming service is powered by technology from Brightcove. “Our queer content includes global films, series, news, originals and the largest independent queer music video library,” the company notes.
Revry estimates that the global LGBTQ Community has an economic value that is equivalent to the 12th largest global economy and it is determined to lead the way in thematic content designed specially for this audience. One of the seed investors, Arlan Hamilton, CEO at Backstage Capital, reckons the streaming provider’s “scalability is simply boundless”, and adds: “They are primed to be the most valuable and influential LGBTQ+ media company in the world.”
Learn more about Revry
You can read how Revry is building a ‘niche’ multichannel, streaming-only, linear TV group in this detailed analysis of the service. Damian Pelliccione, CEO & Co-Founder at Revry, will also be speaking at Videoscape Europe (the thought-leadership conference for streaming television) on March 25. You can see the full agenda and confirmed speakers here.