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."


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(Los Angeles Times)