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Spoon Radio

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Spoon Radio
Original author(s)Neil Choi, Choi Hyuk jun, Hee-jae Lee
Developer(s)Mykoon Co.,Ltd.
Initial releaseMarch 2016; 8 years ago (2016-03)
Operating systemiOS, Android
Available in5 languages
List of languages
English, Japanese, Korean, Indonesian, Vietnamese
Type
Websitewww.spooncast.net

Spoon Radio is an social digital audio live streaming service. It is developed by Mykoon, a South Korea-based company. It allows users to listen to "DJs" and even start their own live broadcasts using their smartphones.

History

Founding

CEO Neil Choi together with founders Choi Hyuk Jun, and Hee-jae Lee started their company Mykoon last 2013 with Plugger, a smartphone battery sharing service. They created Spoon Radio, as their flagship last March 23, 2016. Two years since its inception, it got its backing in Series B funding from investors namely Softbank Ventures Asia, KB Investment (KBIC), and Goodwater Capital wherein they invested a total of $17 million.[1][2][3]

Reception

By August 2018, the application has generated net revenue that surpassed more than $20 million, becoming the most famous voice service in South Korea.[4] Popular among the youth between ages 18 to 24 years old, it has been downloaded 2.5 million times daily and lots of million of broadcast uploads. It has now expanded to Japan, Indonesia,[5] Vietnam,[6] US,[7] and plans to expand it further to the rest of Southeast Asia.[8][9] In 2019, its has generated net revenue of $41 million.[7]

Features

Users can start live broadcasting by simply setting the title and background image.[10] The host or the "DJ" streams can interact with the listeners by chatting. An internet-radio broadcasting mobile application, it streams through audio alone,[11] hence the catchphrase "live stream without a camera".[12][13][14] Listeners can give their favorite DJs digital gifts called a "Spoon" which then can be redeemed for money.[15] There is a LIVE Call feature which lets DJs invite other DJs or even their listeners to go co-host the stream with them.[16]

References

  1. ^ Russell, Jon (2018-08-09). "Musical.ly investor bets on internet radio with $17M deal for Korea's Spoon Radio". Tech Crunch.
  2. ^ Lavine, Robert (2018-08-15). "Mykoon mines Softbank for $17M series B". Global Corporate Venturing.
  3. ^ "Korean internet-radio service Spoon Radio raises $17m". Music Ally. 2018-08-10.
  4. ^ "HAII founder Jinwoo Kim believes that voice-based AI technology can bring in love & comfort". Korea Tech Desk. 2019-11-21.
  5. ^ "Spoon Radio, Aplikasi Curhat dan Wadah Upgrading Skill" (in Indonesian). biem.co. 2020-01-22.
  6. ^ Thu, Huong Le (2019-08-13). "In Vietnam, TikTok is a force to be reckoned with". KR Asia.
  7. ^ a b "Korea: Spoon Radio targets $100 million revenue in 2020". Radioinfo.com.au. Asia Radio Today. 2020-02-19.
  8. ^ "Spoon Radio: The real-time radio broadcast service from Korea". Korea Tech Desk. 2019-02-13.
  9. ^ Sanchez, Daniel (2018-08-10). "Early Musical.ly Investor Leads $17 Million Funding Round for Spoon Radio". Digital Music News.
  10. ^ "スプーン" (in Japanese). Popsilla.
  11. ^ Takashi, Fuke (2019-11-02). "耳の覇権争い始まるーー知っておくべき音声市場45社スタートアップまとめ(前編)". TheBridge.jp (in Japanese). PR Times, Inc.
  12. ^ Galán, Almudena (2020-03-18). "Spoon Radio Android". Malavida (in Spanish).
  13. ^ "Spoonradio, la radio qui rocke sur mobile" (in French). Rond-point des Arts. 2014-02-11.
  14. ^ "Spoon Radio". Google Play Store.
  15. ^ Yano, Sara (2019-02-21). "声に癒されたい人におすすめ!人気ラジオ配信アプリ「SPOON」魅力的な声に夢中になりそう♡". Isuta.jp (in Japanese). Mash Media Inc.
  16. ^ "Spoon Radio: Live Stream, Chat". App Store.

See also