Viral Video Producers Next New Networks Raises $1 Million In Debt Financing

Posted Dec 31, 2010

Earlier this month I wrote about how YouTube was considering to buy out viral video production company Next New Networks. It turns out that in the middle of these talks, Next New Networks raised $1 million in debt financing according to an SEC filing. Some of the investors in this round include Ross Levinsohn (Fuse Capital), Bijan Sabet (Spark Capital), Saban Capital Group, and Goldman Sachs. [TechCrunch]