Beme is a multimedia company that is responsible for making a mobile application by the name Beme. The company was founded by Matt Hackett and Casey Neistat, who is an American YouTube star as well as a vlogger. However, the app was shut down in 2017 but the company is still functional as it was merged into CNN in 2018. Now let us have a close look at the net worth of Beme in 2018.
Beme Inc. was founded in 2015 and it brought a mobile app into the market, which received positive feedback from the public. The application was available on iOS App Store. The was useful as it permitted users to create unedited 2 to 8 seconds videos that are instantly uploaded and distributed with the subscribers without being able to preview the video.
The app also enabled users to respond by sending photographs of themselves to the person who uploaded the video. For over a year, before the app was discontinued it had presented a stable service to its users.
In 2016, the app was made available for the Android users and was available on Google Play. The move made the company make more that $5 million and employ over ten permanent employees.
In late 2016, CNN acquired Beme Inc for an estimated amount of $25 million. They became the subservient of an American media by the name Turner Broadcasting System. In 2017, Matt Hackett and Casey Neistat made a report they were leaving the company and that it will be part of CNN Digital Studios.
Currently, a YouTube page by the name Beme news is operating and is making new with one of the co-founder of Beme Inc, Neisat as the Executive Producer. CNN has used the talent behind the creation of Beme app to be beneficial for other endeavor.
During the time that Beme came to the limelight, it has been of great use to the users. Giving the users an app for shooting videos and app facilitated by many sensors is an achievement that we cannot ignore. The company has also gotten a great annual turnover unlike other competitors.
The company is doing well as it has incorporated some of the well-known people like Jake Roper and Vsauce 3 in production. Their main intention was to avoid all the sharing and editing options that people on social networks such as Snapchat and Instagram. Beme did accomplish their purpose to the public.
Net Worth & Earnings
Beme has an estimated net worth of $35 million. Its idea of creating a mobile app brought returns and proved to be a success in the market. After the acquisition by CNN it is believed, the company will do better.
Although the app is no longer functional, it was great innovative that the founders had brought to the market. Beme Inc will be remembered among the companies that have brought useful apps to the public to use all over the globe.