#12 - The Founders Who Invented Live Streaming And MobiTV

In Episode 12 on The Millionaire Student Show, Sashin Govender dissects the Pain (Past), Price (Journey) and Prize (Result) of Jeff Annison and Paul Scanlan. Forbes included them in a "Names You Need to Know" list in 2011, largely for creating the mobile video space with MobiTV and launching the first mobile television network with Sprint in 2003.

ABOUT PAUL ANNISON AND PAUL SCANLAN  :

Jeff Annison is an American businessperson who was a cofounder and CEO of Underground Labs, a product development studio that built mobile apps, websites, and enterprise products for clients including AT&T, Sprint, NFL, SEC, ACC, Universal Music, Warner Music, Sony Music, Diet Coke, Paramount Pictures, and more. Underground Labs also created the New York Rock Exchange, a first-of-its-kind marketplace that allowed fans to own a piece of a song. On the other hand Jeff’s business partner, Paul Scanlan began his career in sales at telecommunications firm and later co-founded a boutique ad agency. He plays an active board role in a select group of innovative tech and media companies. He was also a founding board member of New York Rock Exchange, global board member for Haufe, and as a founding board member for GetClose. Paul’s entrepreneurial vision is balanced with an effective make-it-happen approach. In 1999 both Jeff and Paul formulated MobiTV. Six years after that their team were awarded an Engineering Emmy for bringing live broadcasts to cellphones. They also helped raise more than $100 million in investment for the company. In 2016 they both then went on to formulate Legion M, which purported to be the industry's first fan-owned media company. In which they let fans invest in and be part of the creation of the company's media content. It drives revenue through partnerships with creators, independent filmmakers, and established Hollywood studios. In 2018 the company had raised $3 million in funding from more than 7,000 fan owners.

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