The Daily Reel Goes Dormant
One of our regular reads in the online videosphere, The Daily Reel, hasn’t added new content in nearly a month. It’s somewhat strange timing considering the company’s first conference — which was held on Oct. 31 and had a great line-up — seemed to signal the start of bigger things. And over the summer, TDR had launched a social network for video creators called ReeledIn that was profiled in the New York Times.
The Daily Reel back in April said it had received seed funding “in the high six figures” from Prism VentureWorks. The company is not, however, listed on Prism’s online portfolio, giving us reason to believe the funding may not have come through. But we’re not sure exactly what happened.
Most of our contacts at TDR have left the company, and CEO Jeff Stern has not replied to our emails. What’s up, guys? We miss you!
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If I was a betting man I would bet that they got bought by someone and that there’s going to be a new announcement soon about something new they are going to do. But what do I know?
that is the 2nd SoCal company this week. i hope Tim is right, but it doesn’t sound that way.
Daily Reel personnel (at least name tags) are still spotted in LA and SF — some at newteevee’s conference a couple of weeks ago, and this week at paidcontent.org’s Content Mixer…
What does it mean? Who knows?
David Caruso was also at the Mixer. Word is he is looking into Digital Media ventures.
There is so much happening in LA nowadays. I just had a lunch with a writer who has written for 15 years on primetime TV shows and wants to launch a QuarterLife-like web series.