Machinima.com raises $3.85 million in funding
Online film entertainment network provider Machinima.com raises funding from MK Capital and other investors.
Machinima.com announced Thursday it raised $3.85 million in funding from MK Capital and other investors, which will be applied toward its business expansion. This is the first round of venture funding the company has raised.
The company also noted it recently named five new board members: Yair Landau, former Sony Pictures Digital chief; Joi Ito, CEO of Creative Commons; Matt Coffin, LowerMyBills.com founder; Mark Terbeek, MK Capital partner; and Allen DeBevoise, CEO of Machinima.com.
The company provides tools to allow users to incorporate images from video games and apply them to movies, as well as generates revenue from charging game publishers that want to run trailers or video snippets of their games on its site.