From the back of the pub to a pounds 12m webcast float
Sunday 14 November 1999
The business, run by Midlands entrepreneur Adam Driscoll, started life as a single venue, the Barfly, which is run from the back room of a north London pub.
The Barfly is legendary as a venue where up-and-coming bands perform. It has hosted gigs from the likes of Oasis, Catatonia and Skunk Anansie before they became famous.
Channelfly.com has signed up 16 other venues. It will film and record concerts, broadcasting them over the internet and via a radio show that goes out over 43 student radio stations.
The company will charge people for viewing its webcasts but will also own the rights to each concert. If it unearths another Oasis, the footage will be worth millions.
The company is raising pounds 2.5m from investors. Its sponsors, SG Securities, expects it to have a market value of at least pounds 12m.
Mr Driscoll will be chief executive and James Wyllie, former manager of the Eurythmics, will be chairman.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
World news in pictures
British man confesses to slitting his two children's throats in Lyon flat
'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
- 1 Heading for America? Prepare for the longest US immigration queues ever
- 2 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...