Welcome to WebmasterWorld Guest from 22.214.171.124
Forum Moderators: open
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.