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Online Video: The Investors Keep Coming
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Msg#: 3771117 posted 1:50 pm on Oct 22, 2008 (gmt 0)

Online Video: The Investors [portfolio.com] Keep Coming
Two funding deals were announced today: $6 million went to Brightstorm, an online educational video content company, from Korean venture firm KTB Ventures; BlipTV, in a second round of funding, got an undisclosed amount from Bain Capital, financial backers of LinkedIn and LaLa Media.

Yesterday, the Chinese online video site PPS.tv announced getting $20 million in third round funding in a deal finalized prior to the Beijing Olympics.

While the deals are small, they nevertheless signal a continued flow of cash into the sector.

Indeed, it's where the Web seems to be heading. In a recent survey of media outlets, including USA Today, Entertainment Weekly, and New York's WINS-AM Radio, 77 percent of these media companies expect an increase in the use of online video.


 

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