New York – Next New Networks, a distributor of original Web
video series, is raising $19.5 million in equity financing, TechCrunch
reported, citing a regulatory filing.
While investors were not disclosed, the company’s
previous backers include Fuse Capital, Spark Capital, Saban Capital Group and
Goldman Sachs.
Founded in 2007, New York-based Next New Networks distributes a
range of Web video content, produced both in-house and by a network of
independent filmmakers.
The Wall Street Journal and others recently reported that Google’s
YouTube was close to a deal to acquire Next New Networks for "tens of
millions of dollars."
Related Links:
http://tinyurl.com/6hmk62f
(TechCrunch)
http://tinyurl.com/2e4wngw
(Los Angeles Times)
