Next New Networks, a New York-based operator of micro television networks over the Internet, has raised $15 million in Series B funding

What Company Is Offering:
Next New Networks is a new kind of media company, creating micro-television networks over the internet for targeted communities, bringing together elements of tv programming and internet philosophy to allow viewers to contribute, share and distribute content.

Their aim is to be of the communities, as each network is populated by key creative people of the audiences they serve. In other words, they want their networks to go where the audiences that share an interest are, whether it's their blog, a friend's profile page, or wherever they go regularly to find more of the things they love.

How Much They Got From VCs:

Next New Networks, a New York-based operator of micro television networks over the Internet, has raised $15 million in Series B funding. Goldman Sachs and Velocity Interactive Group co-led the round, and were joined by return backers Spark Capital, Saban Media Group and Bob Pittman.

Next New had previously raised an $8 million Series A round, and is run by co-founder Herb Scannell, former vice chairman of MTV Networks and president of Nickelodeon. It reports having 33 million video views in February.


More at:http://www.nextnewnetworks.com/