17LIVE

Last updated
17LIVE
Formerly17LIVE Entertainment
TypePublic
SGX: VT1.SI
IndustryLive Entertainment
FoundedJune 2015
FounderJeffery Huang (Exited), Joseph Phua (Chairman)
Area served
Worldwide; Offices in Japan, Taiwan, US, Hong Kong, India / ME
Key people
Alex Lien (Group CEO), Jing Shen Ng (Group CTO), Kenta Masuda (Group CFO)
Brands17LIVE, Meme, Wave, HandsUp
Website about.17.live

17LIVE is an international entertainment platform. [1] As of 2024, 17LIVE is the #3 live broadcasting platform globally, formed by its flagship live stream app 17LIVE (LIVIT in English markets), MEME Live and live stream e-commerce platforms HandsUP and OrderPally.[ citation needed ]

Contents

History

17LIVE was first founded in Taiwan in 2015 by Jeffery Huang. [2] The company has maintained its leading position since its entry into the Japan market in 2017, becoming the biggest platform for live entertainment in Japan, Taiwan, Hong Kong, and other countries.[ citation needed ]

In 2017, 17 closed out US$33M in series B [3] round to merge with dating software Paktor, with Joseph Phua (Co-founder of Paktor) taking over the leadership of 17LIVE as CEO and Co-founder, [4] as well as to enter the Japan and Hong Kong market. Within one year, 17 Media became the #1 market leader in Japan. [5]

In 2018, the company raised $25M in series C round as it got ready for US IPO, which failed to materialize. [6] 17LIVE had an unsuccessful US IPO attempt in 2018. [7] Since then, the company reformed and transformed the business. Some key initiatives include the hiring of current CEO Hirofumi Ono, spin-off of Paktor [5] (dating software business unit), full buy-out of founder Jeffery Huang, acquisition of MEME and HandsUp, [5] and more. Despite the failed IPO attempt, the company continued to push for international expansion, including creating ‘LIVIT’ for the English-speaking markets to enter US, India, and North Africa. [5]

In 2019, 17's flagship live streaming app reached 10M downloads in Japan, [5] and the business continues to push for both organic and inorganic expansion. Some key M&A highlights in the year include the acquisition of MEME Live in Southeast Asia, as well as HandsUp, a live e-commerce platform. [5]

In 2020, M17 closed out $26.5M in Series D round to continue organic growth in Japan, [8] US and Middle East. In the same year, the company also sold its dating app business, Parktor, to rationalise M17 into a live-stream pure play business, followed by the appointment of its current Chairman, Joseph Phua, and previous Global CEO, Hirofumi Ono. [2] [9] With the buy-out and departure of founder Jeff Huang, the parent holding company M17 Entertainment Limited was officially renamed as 17 LIVE Group. [1] An estimated 60 million users registered in 154 countries and territories in April 2022. [10]

In 2022, September, 17LIVE announced Group CEO Hirofumi Ono steps down. Alex Lien takes over the leadership as new Group COO; Jing Shen Ng appointed Group CTO. [11]

In 2023, March, 17LIVE announced Alex Lien promoted to Global CEO. Kenta Masuda appointed as Global CFO.

Collaboration with Ayumi Hamasaki

To celebrate its 4th anniversary, 17LIVE collaborated with Japanese singer-songwriter Ayumi Hamasaki, who led the 17LIVE 4th Anniversary meets Ayumi Hamasaki series starting October 18, 2021. [12] Along with composer and arranger Yuta Nakano, Hamasaki judged auditioning artists competing for the chance to work with her and her production team for a debut single. The series was streamed live on the 17LIVE website, the final airing on November 11. The eventual winner was named as Yoshitaka_song. [13]

When asked why she collaborated with 17LIVE as a producer, Hamasaki commented: "Although the world has become like this (during COVID-19), I believe that the art of entertainment can give people dreams, hope, courage, and strength. I hope that kind of light will continue to shine through the entertainment industry." [13]

Features

On 17LIVE, artists (LIVERs) are able to broadcast live, and post photos and videos from their album. The app has been designed for LIVERs to simply open the App, and start sharing contents without the need to edit or professionally curate their videos. [8]

The platform cultivates LIVERs, supports them with a local content management team, and provides artists with various functions, such as real time chatting, gifting, fan clubs, interactive competition and events.

Today, 17LIVE has 46 thousands contracted artists and more than 2.3 million MAU, who spend 44 minutes on the platform every day. [5] 17LIVE continues to advocate content-driven philosophy and delivers diverse topics, from politics and music to entertainment, to broaden its audience groups. 17LIVE also hosts offline flash events and concerts to attract new users and support LIVERs better connect with their fans. [14]

Operation

17LIVE has over 700 employees globally. [15]

The app provides few monetization models for LIVERs on the platform, including:

In the past, 17LIVE has encountered some regulatory headwinds with reported incidents of inappropriate livestream content on the platform. [16] The incidents were direct results of the lack of oversight and supervision capability in place in the business at the time. Over the years, 17LIVE claims to have put in tremendous manpower and effort into improving, monitoring and maintaining control over both the live stream content and the KYC procedures and systems. [15]

Related Research Articles

<span class="mw-page-title-main">Ayumi Hamasaki</span> Japanese singer, songwriter, and actress

Ayumi Hamasaki is a Japanese singer, songwriter, record producer, actress, model, spokesperson, and entrepreneur. By 2002, Hamasaki had earned the nickname "Empress of J-pop" due to her popularity in Japan and throughout Asia, as well as being referred to as "the voice of the lost generation". Due to her success and relevance throughout her career, she is considered one of the top solo female artists of the Heisei era for her influence on the music industry and various fashion trends.

<span class="mw-page-title-main">Mirrorcle World</span> 2008 single by Ayumi Hamasaki

"Mirrorcle World" is the forty-third physical single and forty-fourth single overall by Japanese singer Ayumi Hamasaki. The title track is an extended version of the song "Mirror," a two-minute introductory track on Hamasaki's ninth studio album, Guilty. The single was released on April 8, 2008, exactly ten years after her debut single, "Poker Face"; the single features two new recordings of her second and fifth singles, both released in 1998, "You" and "Depend on You," respectively.

<i>Ayumi Hamasaki Arena Tour 2009 A: Next Level</i> 2010 video by Ayumi Hamasaki

Ayumi Hamasaki Arena Tour 2009 A: Next Level is the twelfth concert tour DVD by the Japanese pop singer Ayumi Hamasaki. It was released on April 14, 2010, the same day as the release of Rock 'n' Roll Circus. On the Oricon weekly chart, it peaked at second place and is currently still charting. The tour consisted of 32 shows across Japan and played to over 300,000 fans.

<span class="mw-page-title-main">Terminal (Ayumi Hamasaki song)</span> 2014 single by Ayumi Hamasaki

"Terminal" is a song by Japanese musician Ayumi Hamasaki. Produced by Dutch trance DJ Armin van Buuren, the song was released as a single from her fifteenth studio album Colours on October 1, 2014.

<i>Ayumi Hamasaki Countdown Live 2013–2014 A</i> 2014 video by Ayumi Hamasaki

Ayumi Hamasaki Countdown Live 2013–2014 A is Japanese pop singer Ayumi Hamasaki's 13th Countdown concert DVD. It was released on April 30, 2014. Hamasaki performed three dates at the Yoyogi National Gymnasium for this countdown, respectively on December 29, 30 and 31, 2013. It was released in two formats: a DVD edition (AVBD-92110) and also a Blu-Ray one (AVXD-91692).

<i>Sixxxxxx</i> 2015 EP by Ayumi Hamasaki

sixxxxxx is the sixth extended play by Japanese recording artist and songwriter Ayumi Hamasaki. The EP was released on August 5, 2015, by Avex Trax and was produced by long-time collaborator Max Matsuura. With all the tracks written by Hamasaki herself, the EP features five original tracks and one hidden track to commemorate the "six" tracks. It was released as a stand-alone CD, a CD and DVD bundle, a CD and Blu-ray bundle, and a gatefold vinyl.

<i>Winter Diary: A7 Classical</i> 2015 remix album by Ayumi Hamasaki

Winter Diary: A7 Classical is a remix compilation album by Japanese singer Ayumi Hamasaki. The album was released on December 23, 2015 in Japan under Avex Trax, and on December 31 in Taiwan under Avex Taiwan. It contains classical arrangements of ten songs personally selected by Hamasaki from her A One and sixxxxxx albums released earlier that year, plus one brand new song titled "Winter diary". It is Hamasaki's fourth classical album overall, following 2013's A Classical.

<span class="mw-page-title-main">Paktor</span> Dating and networking mobile application

Paktor is a location-based dating and networking mobile application that connects mutually interested users and allows them to chat individually or as a group. Founded in Singapore, the app was launched in June 2013, and has over 5 billion swipes to date. In late 2013, Paktor launched a subsidiary called GaiGai, an offline dating service that focuses on match-making and dating events. The word 'Paktor' originates from the Cantonese word for 'dating'.

<i>Trouble</i> (EP) 2018 EP by Ayumi Hamasaki

Trouble is the seventh extended play by Japanese singer Ayumi Hamasaki. It was released digitally in Japan on August 6, 2018, and was eventually released physically on August 15. The EP features five original tracks, with all the tracks written by Hamasaki herself.

<i>21st Anniversary: Power of A^3</i> 2019 video by Ayumi Hamasaki

Ayumi Hamasaki 21st Anniversary: Power of A^3 is Japanese pop singer Ayumi Hamasaki's 42nd video release. It was released on September 4, 2019. The concert was a special live that was held twice at Saitama Super Arena on April 6 and 7, 2019 to close out her 20th anniversary year.

<i>Ayumi Hamasaki Countdown Live 2014–2015 A: Cirque de Minuit</i> 2015 video by Ayumi Hamasaki

Ayumi Hamasaki Countdown Live 2014–2015 A: Cirque de Minuit is Japanese pop singer Ayumi Hamasaki's 14th Countdown concert DVD. It was released on April 8, 2015. The concert was held at the Yoyogi National Gymnasium on December 29, 30 and 31, 2014.

<span class="mw-page-title-main">Ohia no Ki</span> 2020 single by Ayumi Hamasaki

"Ohia no Ki" is a song by Japanese singer-songwriter Ayumi Hamasaki. It was released as a digital single only on July 5, 2020, following the airing of the final episode of M Aisubeki Hito ga Ite. The song is Hamasaki's first new release in almost two years and her first digital single since 2016's "We Are the Queens".

<span class="mw-page-title-main">Dreamed a Dream</span> 2020 single by Ayumi Hamasaki

"Dreamed a Dream" is a song by Japanese singer-songwriter Ayumi Hamasaki. It was released as a digital single only on July 31, 2020.

<i>Trouble Tour 2020 A: Saigo no Trouble – Final</i> 2021 video by Ayumi Hamasaki

Ayumi Hamasaki Trouble Tour 2020 A: Saigo no Trouble – Final is Japanese pop singer Ayumi Hamasaki's 45th video release. It was released on January 27, 2021.

<span class="mw-page-title-main">23rd Monster</span> 2021 single by Ayumi Hamasaki

"23rd Monster" is a song by Japanese singer-songwriter Ayumi Hamasaki. It was released as a digital single only on April 8, 2021, marking the singer's 23rd anniversary since her debut with the single Poker Face in 1998.

<span class="mw-page-title-main">DOWN (app)</span> Social networking and online dating app

DOWN is a location-based social networking and online dating application for users looking for casual relationships and hookups. Users can swipe up for more serious dating, swipe down for casual hookups, or left to pass, and continue to the next profile. DOWN bills itself as a open-minded, sex-positive alternative to other dating apps.

<span class="mw-page-title-main">Nonfiction (song)</span> 2022 single by Ayumi Hamasaki

"Nonfiction" is a song by Japanese singer-songwriter Ayumi Hamasaki. It was released as a digital single only on April 22, 2022, to celebrate the singer's 24th anniversary of her debut on April 8, 1998.

<span class="mw-page-title-main">Summer Again</span> 2022 single by Ayumi Hamasaki

"Summer Again" is a song by Japanese singer-songwriter Ayumi Hamasaki. It was released as a digital single only on July 1, 2022.

<i>Remember You</i> (Ayumi Hamasaki album) 2023 studio album by Ayumi Hamasaki

Remember You is the eighteenth studio album by Japanese recording artist Ayumi Hamasaki. Preceded by seven singles released from 2020 to 2022, it also marks her first studio album release in the Reiwa era.

<span class="mw-page-title-main">Joseph Phua</span> Singaporean entrepreneur

Joseph Phua is a Singaporean-Taiwanese entrepreneur. He is the co-founder of the dating app Paktor, co-founder and chairman of the listed live streaming platform 17LIVE Group, chairman of the SoundOn Group, and founder of Nextapple News. He is also known for his role as chairman of Turn Capital, a single family office that focuses on value investing in the consumer internet sector.

References

  1. 1 2 "M17 Entertainment Limited changes its name to 17LIVE Inc. with new logo". 17LIVE. 2020-10-28. Retrieved 2021-05-12.
  2. 1 2 硬塞的網路趨勢觀察, INSIDE (2020-11-18). "黃立成自 17 LIVE 董事會卸任！釋出手中全數股權". INSIDE. Retrieved 2021-05-13.
  3. ↑ 主題新聞, To (2 August 2017). "17 直播母公司強勢進攻海外市場！拿 12 億投資聯手 KKBOX 拼原創內容". TechOrange (in Chinese (Taiwan)). Retrieved 2021-05-14.
  4. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2022-10-03.
  5. 1 2 3 4 5 6 7 "【全文】切割創辦人黃立成 17LIVE轉型娛樂大平台". Mirror Media (in Traditional Chinese). 2021-01-08. Retrieved 2021-05-13.
  6. ↑ "17LIVE擴大直播用戶層 準備IPO計畫". tw.stock.yahoo.com (in Chinese). 18 December 2020. Retrieved 2021-05-16.
  7. ↑ Mia (2019-06-20). "紐交所上市為何失敗？M17 執行長終於開口：我的錯". INSIDE. Retrieved 2021-05-13.
  8. 1 2 "Taiwan-based live streaming company M17 raises $26.5 million Series D led by Vertex Growth". TechCrunch. 13 May 2020. Retrieved 2021-05-17.
  9. ↑ angelachiang17 (2022-09-01). "Alex Lien takes over the leadership as 17LIVE new Group COO". 17LIVE. Retrieved 2022-10-03.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. ↑ Sainul. "How 5-year-old live-streaming app 17LIVE acquired 60M users globally". e27. Retrieved 2022-10-03.
  11. ↑ 17LIVE. "17LIVE Group CEO Hirofumi Ono Steps Down". www.prnewswire.com (Press release). Retrieved 2023-01-30.{{cite press release}}: CS1 maint: numeric names: authors list (link)
  12. ↑ "「17LIVE 4th Anniversary meets 浜崎あゆみ"シンガー発掘オーディション"」スタート！そして、10月19日には浜崎あゆみ出演のライブ配信も！ (2021年10月18日)". エキサイトニュース (in Japanese). 18 October 2021. Retrieved 2022-12-21.
  13. 1 2 "＜浜崎あゆみ 独占インタビュー＞「光が続いていくように…」アーティストとしての覚悟とは？次世代シンガーへの期待も語る - モデルプレス". モデルプレス - ライフスタイル・ファッションエンタメニュース (in Japanese). 14 December 2021. Retrieved 2022-12-21.
  14. ↑ "17LIVE to Participate in Web Summit 2020". 17LIVE. 2020-11-25. Retrieved 2021-05-18.
  15. 1 2 3 "關於 17LIVE". 17LIVE (in Traditional Chinese). Retrieved 2021-05-18.
  16. ↑ ETtoday新聞雲. "商業周刊／赴美掛牌卻無法交易 「17直播」上市喊卡獨家內幕 | ETtoday財經雲 | ETtoday新聞雲". finance.ettoday.net (in Chinese). Retrieved 2021-05-20.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.