Next New Networks raises $15M more for video channels
Next New Networks, the company that publishes thematic channels of video online, including Barely Political (which features Obama-cheering Obama Girl), has raised more capital to keep expanding.
It has taken $15 million more from Velocity Interactive and Goldman Sachs, we’ve just learned. This adds to the $8 million it raised a year ago (see our coverage).
The company now has 12 main channels in its network, with 33 million video views in February, a pace that suggests… Continue Reading
Next New Networks enters politics, buys BarelyPolitical
Next New Networks, a new company launching targeted online TV channels, has acquired BarelyPolitical.com, creator of the viral video show, Obama Girl.
The amount was undisclosed, but this is NNN’s way of entering the political comedy show business at a time when the coming U.S. elections is creating a renewed interest in politics. The political news site, Huffington Post, also recently raised capital on the thinking that the elections will widen its appeal.
BarelyPolitical was founded four… Continue Reading
Web 2.0 bubble bursting: Peerflix cuts workforce, carnage mounting elsewhere
This year has become the “show-me” year. Internet start-ups showing no traction are getting shut down, or trimmed — abandoned by once wide-eyed investors.
The Web 2.0 bubble is bursting, but VentureBeat agrees with others that this is more like an “oozing.” New, innovative companies will continue to get funding from VCs, but with more caution. Investments amounts in Web 2.0, while booming, are so far nowhere near the absurd levels seen during the 1999-2000… Continue Reading
Next New Networks gets funding — for another niche video play
Next New Networks is the latest company to launch a niche content strategy — this time, online TV sites tailored to specific themes.
The New York company has received $8 million in a first round of funding from Spark Capital, an East Coast venture capital firm focused on media companies.
The logic is clear. Advertisers like niche sites. Nothing really new here, so this investment is not very surprising. The only question is, why does it need… Continue Reading