Movieclips.com Raises $7 Million And Signs A Deal With YouTube
Movieclips.com is an online movie clips search engine website that launched in 2009. It has over 20,000 different clips across libraries from 20th Century Fox, MGM, Paramount, Sony Pictures, Warner Bros. Pictures, and Universal Pictures. Miniclips has raised $7 million in funding led by MK Capital. Shasta Ventures, First Round Capital, Richmond Park Partners, Jeff Clavier, Naval Ravikant, Jeff Kearl, Tom McInerney, Allen DeBevoise and Gordon Rubenstein also participated in this round.
Movieclips also developed proprietary technology that assigns up to 1,000 points of data to ever scene, which makes it easy to find scenes by film title, actors/actresses, director, genre, mood, dialogue snippet, etc.
Movieclips also signed a deal with YouTube that allows them to license Hollywood HD movie clips. All video clips will have ads that will be shared between YouTube, Movieclips, and the studios.
“There’s a sea of content that can add to a YouTube user’s movie experience thanks to Movieclips.com…We’re excited to be working with Movieclips.com to provide users with exactly what they’re looking for when they want to get more into movies on YouTube,” stated YouTube Product Marketing Manager for Music, Movies, and Shows Camille Hearst.
The new round of funding will be used for doubling down on the YouTube opportunity. Movieclips will be integrated into mobile and social platforms too.@amitchowdhry or on Google+ at +AmitChowdhry