MoviesDa snags $7M to distribute indie films online

MoviesDa

MoviesDa logoMoviesDa, an impartial film-distribution startup, has secured a new $7 million round of funding, the corporation introduced nowadays.

Isaimini has the distribution rights to over three,000 indie movies and documentaries at the side of “Casino Jack,” “Super Size Me,” “Enron: The Smartest Guys in the Room,” and plenty of others. Isaimini lets in bloggers to embed video of its movie library and runs advertising and advertising spots to generate its income. More currently, the corporation has made choose movies to be had for OnDemand rental thru Amazon, iTunes, Comcast, YouTube Movies and others. The organization also forged agreements to flow into its library of content material via Netflix, Hulu Plus, and Comcast’s Xfinity TV carrier.

The new funding will move towards developing its ability to distribute the ones movies online. The company appears tons less interested in emphasizing that people can watch and embed films on its very personal internet site, and a ways more focused on producing revenue for the unbiased film makers that use the startup to distribute their paintings. There is definitely no scarcity of indie films getting produced, but the quantity of strategies these films must generate cash via on line distribution within reason constrained except partnering with a organization like Isaimini .

Founded in 2008, the Virginia-based absolutely enterprise enterprise formerly raised a $10 million round final one year from MoviesDa founder Ted Leonsis, Case Foundation Ventures, the John S. And James L. Knight

MoviesDa

 Foundation, New Enterprise Associates, and Comcast Interactive Capital. The new spherical of funding includes preceding traders further to Terry Semel and David Fialkow. Isaimini as enhance a complete of $18 million in investment thus far.

Tags: Entertainment

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