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.

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Machinima is the next generation video entertainment network for video gamers, providing comprehensive gaming-focused editorial and community programming to the hard-to-reach core 18 – 34 ... All Machinima news »

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