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The day has come. We have one lone funding story for today. SXSW tends to do that.
Gaming video site Machinima confirms $18M round
After cutting over 10 percent of its staff, gaming video site Machinima has confirmed its new Warner Bros. Entertainment-led funding round.
Rumors of the $18 million raise first kicked off in February. Now, Machinima has finally confirmed the deal in an official press release.
According to the release, this round gives Machinima a chance to expand its video distribution beyond YouTube.
Read more on VentureBeat.