Dailymotion lands on iPhone
Like the plethora of competing iPhone video offerings, Dailymotion, which as been called the French YouTube but has much wider reach across continental Europe and elsewhere, is at a significant disadvantage compared to the Google-owned video sharing site, which comes pre-installed on the iPhone. That said, the functionality provided by Dailymotion’s iPhone app at least matches YouTube’s offering.
Dailymotion has always tried to distinguish itself from competing online video offerings by providing a mixture of user-generated content and advertiser-friendly professional video, such as independent films, a distinction that has become less and less relevant these days as rivals, including YouTube, adopt a similar strategy. Unlike YouTube, however (although Google doesn’t break out the numbers), Dailymotion claims to be profitable and says that revenue is increasing at a faster rate than bandwidth and other infrastructure outgoings, which account for 25% of the company’s operating costs.
In October, Dailymotion raised another €15 million in financing, bringing its total funding to just over €40 million. The company is backed by Atlas Venture, Partech International, Advent Venture Partners, AGF Private Equity and Fonds Strategique d’investissement.