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.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1094652,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"entrepreneur,","session":"A"}']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.
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