Dating app Tinder is looking to get into video. The company announced today it’s acquiring an L.A.-based startup called Wheel, which had developed a social network for sharing “video stories” that were said to closely resemble Snapchat’s Stories. Deal terms were not revealed, but Tinder says that it will integrate video features into its app in the future.

Wheel was originally founded in 2015, when it was then called Ferris. The idea at the time was to offer a way for people to make mobile videos that were easy, fun and watchable, as well as to collaborate on videos with family and friends.

While Wheel offered some clever automation in terms of video editing, the ability to mix together videos with friends was its main focus. Users would make their own video public, then invite others to add to it.

The company had raised $2 million from Upfront Ventures in 2015, along with Machinima founder Allen DeBevoise and others.

However, Wheel did not became a breakout success. According to data from analytics firm App Annie, the app was ranked #574 in the Photo & Video category on the App Store, and didn’t place on either the Top Charts or the Social Networking section.

Collaborative video apps have been tried numerous times, but it wasn’t until Snapchat that they gained much attention. Yet even Snapchat found the format wasn’t as popular as expected. Last fall, it laid off employees who were tasked with curating its collaborative “Live Stories” from cities around the world, as it shifted its focus to live events.

Following the acquisition, Wheel’s founding team will join Tinder, including CEO Paul Boukadakis, CTO Chris Shaheen, Joey Boukadakis and Brian Daugherty, according to Variety. Boukadakis will be VP of Special Initiatives at Tinder, and Shaheen will be a senior engineer.

Tinder did not share what specific plans it had for video, but it would make sense that the dating app would consider integrating video into user profiles, or perhaps messaging.

 



Source link

NO COMMENTS

LEAVE A REPLY