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.
Silicon Alley Insider initially broke the news, which has been confirmed by peHUB.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.