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ⓘ Spoon Radio is an social digital audio live streaming service. It is developed by Mykoon, a South Korea-based company. It allows users to listen to DJs and even ..




Spoon Radio
                                     

ⓘ Spoon Radio

Spoon Radio is an social digital audio live streaming service. It is developed by Mykoon, a South Korea-based company. It allows users to listen to "DJs" and even start their own live broadcasts using their smartphones.

                                     

1. History

Founding

CEO Neil Choi together with founders Hyuk Jun Choi and Hee-jae Lee started their company Mykoon last 2013 with Plugger, a smartphone battery sharing service. They created Spoon Radio, as their flagship last March 23, 2016. Two years since its inception, it got its backing in Series B funding from investors namely Softbank Ventures Asia, KB Investment KBIC, and Goodwater Capital wherein they invested a total of $17 million.

Reception

By August 2018, the application has generated net revenue that surpassed more than $20 million, becoming the most famous voice service in South Korea. Popular among the youth between ages 18 to 24 years old, it has been downloaded 2.5 million times daily and lots of million of broadcast uploads. It has now expanded to Japan, Indonesia, Vietnam, US, and plans to expand it further to the rest of Southeast Asia. In 2019, its has generated net revenue of $41 million.

                                     

2. Features

Users can start live broadcasting by simply setting the title and background image. The host or the "DJ" streams can interact with the listeners by chatting. An internet-radio broadcasting mobile application, it streams through audio alone, hence the catchphrase "live stream without a camera". Listeners can give their favorite DJs digital gifts called a "Spoon" which then can be redeemed for money. There is a LIVE Call feature which lets DJs invite other DJs or even their listeners to go co-host the stream with them.