Funding Daily: Machinima

The day has come. We have one lone funding story for today. SXSW tends to do that.

Gaming video site Machinima confirms $18M round

After cutting over 10 percent of its staff, gaming video site Machinima has confirmed its new Warner Bros. Entertainment-led funding round.

Rumors of the $18 million raise first kicked off in February. Now, Machinima has finally confirmed the deal in an official press release.

According to the release, this round gives Machinima a chance to expand its video distribution beyond YouTube.

Read more on VentureBeat.

Daily insights on business use cases with VB Daily

If you want to impress your boss, VB Daily has you covered. We give you the inside scoop on what companies are doing with generative AI, from regulatory shifts to practical deployments, so you can share insights for maximum ROI.

Subscribe Now

Read our Privacy Policy

Thanks for subscribing. Check out more VB newsletters here.

An error occured.