Texas-based Global Broadcasting Networks seeks to expand its internet radio shows and build more studios, according to its post on crowdfunding platform Indie Gogo.
According to the website, Global Broadcasting Networks aims to add two more studios with equipment to its arsenal to be able to tap more partners and widen its reach. The company currently has three studios, it said.
Global Broadcasting Networks is hoping the crowdfunding campaign would allow it to get out of negative operating territory. But the company said that while it’s not in profit mode, its number of podcast listeners is rapidly growing. It added that from 750,000 downloads in August, its podcast downloads for September have reached 1, 200, 000.
The company’s crowdfunding campaign has six reward tiers that provide crowdfunders either advertising space or podcast time. It will end next month.
“We are growing and yet we need to add more studios to sustain this potential. We are close to the point that advertising agencies will begin to take a look at us and that revenue should take us out of negative operating territory. In the meantime, we would appreciate any help you could contribute whether it is financial or helping by advertising your business and getting your voice out,” said Scott Frazier, Director of Global Broadcasting Networks.
The company currently runs and operates six stations: The WooHoo Radio Network, TogiNet Radio, All Business Radio Network, TogiNet Talk Radio, TylerNet Radio and Lessons in Joyful Living Radio Network.
“We strive to be different, to air personalities and themes that expand and enhance what you’re used to hearing,” Frazier said in a statement. “Our Internet talk radio and radio talk show podcasts offer the perfect platform for individuals and businesses that want to share their message locally and around the globe.
“We have self-help professionals, doctors, authors and motivational speakers reaching out to people all over the world. We also have quilters, musicians, ghost-chasers and comedians who have found our platform to share a glimpse of the very things that they are passionate about.”
Internet radio is drawing a lot of attention these days as consumers’ listening habits shift online. Unlike terrestrial radio, internet radio platforms are most likely to offer content curation features and services, allowing customers to listen to radio clips they want to listen to seamlessly and without interruption.
One platform that offers this feature is spoken word social media platform Audioboom (AIM: BOOM). Audioboom is a free platform that broadcasts live and recorded clips from top tier clients such as BBC Radio, CBS, talkSPORT, Sky Sports, Time, and NPR.
The company trades on the London Stock Exchange’s AIM platform for growth companies. Arden Partners, a London stockbroker and equity research firm, gave the company a buy rating this year and is bullish about the company’s prospects.