AMSTERDAM (VIP) — Foreman Capital, an independent Dutch investment company, and the City of Amsterdam both take a substantial minority stake of € 1.25 million in Fabchannel.
Fabchannel, an online entertainment company based in Amsterdam, has grown into the worldwide market leader for the production, distribution and promotion of audiovisual concert recordings. The accession of these two new shareholders will enable Fabchannel to intensify its production, commercial and promotional activities on an international level.
Investments in Fabchannel
With the new investment Fabchannel is going to build High Definition video studios in pop venues in the UK, Germany, Spain and the United States. Besides that it will be tuning up sales and marketing efforts and it will be monetizing video advertising, paid downloads and subscription models.
The first step in this international expansion of Fabchannel is to open an office in London, from which the European music, media and advertising market will be served. Together with record companies, advertising agencies and media partners, Fabchannel will continue to develop new (online) marketing tools, new services for its users and of course record even more great concerts to promote artists and live music.
The participation of Foreman Capital and the City of Amsterdam is the beginning of a new chapter in the existence of Fabchannel. Fabchannel’s aim is to grow out into an independent media company and gain a permanent position in the landscape of live music.