Machinima Raises $24M in Financing
Summary
Machinima, a West Hollywood, CA-based global video service focused on fandom and gamer culture, raised $24m in financing.The round was led by Warner Bros. Entertainment with participation from existing investors Redpoint Ventures, MK Capital, Coffin Capital, and Allen DeBevoise.The company intends to use the funds to accelerate growth through investments in content and technology.Led by Chad Gutstein, Chief Executive Officer, Machinima creates and curates fandom and gamer content across multiple video platforms with a focus on scripted series, original content, weekly and daily shows, official publisher pop culture content and gameplay videos.It is accessible on PC, TV, mobile devices with videos running on multiple YouTube channels, Xbox 360 and Xbox One, iOS, Android, Windows and reaches over 170M viewers each month.