ITV today announced that it has completed its third US digital investment deal this year, taking a leading position in a strategic funding round undertaken by Zealot Networks, founded by ex-Maker Studios’ founder and CEO Danny Zappin.
Zealot Networks is a digital-first media company and growth accelerator that empowers creative entrepreneurs by delivering multi-platform revenue, distribution and development opportunities.
The Los Angeles-based company, which launched in August, has already acquired Audio Micro Inc, parent company of AdRev, and has a number of other deals in the pipeline.
ITV, Zealot Networks’ first media industry investor, will have a board position as the company continues its development.
It rounds off ITV's portfolio of digital investments in the US, which also includes minority stakes in Indigenous Media, the Culver City-based producer of scripted digital series, and New York-based Believe Entertainment, which works with advertisers to create multi-platform digital-branded entertainment.
Kevin Lygo, Managing Director, ITV Studios, said: “Danny Zappin has been at the forefront of digital media in the US for some time and it’s fantastic to be part of this exciting new venture.A key part of ITV’s strategy is to exploit the increasing global demand for quality content across a range of platforms, which closely aligns with Zealot’s own ambitions to not only distribute content across its own sites, but also to third party platforms such as YouTube, Vine and Instagram.”
Danny Zappin, President and CEO of Zealot, said: “A global media company like ITV investing in Zealot demonstrates a shared vision of our mission to transform digital media.”
About Zealot Networks:
Zealot Networks, Inc. is a digital-first media company and growth accelerator that empowers creative entrepreneurs and talent, delivering multi-platform revenue, distribution and growth opportunities. The company is poised to lead the next chapter in the ongoing evolution of digital media with its new holistic approach to connecting entrepreneurs with brands and like-minded communities based on transparency, ingenuity and experience. Zealot is a privately funded company led by a well-rounded, talented team who share the same values and vision: Co-founded by President and CEO Danny Zappin; CFO Bob Vanech; CSO Conn Fishburn and CMO Chad Seymour. For more information, please visit www.zealotnetworks.com.