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.
And why are 'southern' ways of speaking spreading north?
life + styleClarissa Baldwin is the brains behind the slogan 'A Dog is for Life not just for Christmas'
Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
Rapper Ja Rule forced to deny leaving his wife for prison cell mate
Paul Walker autopsy: Results reveal Fast and Furious star's cause of death
Scientists sequence oldest human DNA from fossilised leg bone found in Spain
UK weather: Thousands evacuated as biggest tidal surge in 60 years threatens England's east coast
- 1 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 2 A forgotten episode in Russian history leaves links with the Philippines
- 3 Scientists sequence oldest human DNA from fossilised leg bone found in Spain
- 4 Cannabis can cause man boobs, US surgeon claims
- 5 Joanna Lumley’s garden bridge over the Thames gets £30m seal of approval from Government
iJobs Money & Business
£50000 - £65000 per annum + benefits + bonus: Harrington Starr: Market Data SM...
£50000 - £70000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£70000 - £85000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£75000 - £85000 per annum + Bonus and Benefits: Harrington Starr: An award win...