nextnewnetworks Received $15 Million for their Content Production and Distribution

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nextnewnetworks Received $15 Million for their Content Production and Distribution

nextnewnetworks raised $15 Million in from Goldman & Velocity Interactive Group, Spark Capital, Saban Media Group and individual investor Bob Pittman.

What does nextnewnetworks do?

nextnewnetworks is a content production and distribution.

VCU says:

You may know nextnewnetworks as the network that produced the Obama girl. They produce content and distribute it freely to generate inventory for advertising.

They received 33 million video views in February 2008 across their 12 networks. The networks include Barely Political, Indy Mogul and Ultra Kawaii.

From their site they state “We’re looking to be available everywhere, from phones to iPods and gaming devices, to whatever the next platform is. Each of our micro-networks consists of 3-11 minutes of content refreshed on a schedule, daily, weekly, or bi-weekly (depending on the network), and offers one or more regular shows.

Take a look at nextnewnetworks.

Founders:

NA

Funders:

Read more about Spark Capital here.

Goldman & Velocity Interactive Group, Saban Media Group and individual investor Bob Pittman




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