Friday, 10 August 2012

VCs Tune In to YouTube Channels; "potential to become global media companies" [WSJ]

In the past two weeks alone, two YouTube channels, AwesomenessTV and
Balcony TV, have received funding from venture capital firms including
Greycroft Partners, MK Capital, New World Ventures and Polaris Venture
Partners. Machinima, the video network with over 3.5 billion YouTube
video views, has raised more than $50 million at a valuation around
$190 million, AllThingsD reported in May. “This is the third wave of
programming from broadcast to cable to YouTube,” said Mark Terbeek, a
partner at MK Capital which led AwesomenessTV’s $3.5 million Series A
round. “The cost effectiveness of YouTube is so much cheaper with
essentially free distribution.”

http://blogs.wsj.com/venturecapital/2012/08/09/vcs-tune-in-to-youtube-channels/

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