Next New Networks is a New York-based web content producer that manages a network of independent filmmakers and produces its own video channels. The company's core product is original web video channels and a managed creator network. TechCrunch reports the startup has raised $1 million in debt financing, while an SEC filing indicates it is raising a round totaling $1.2 million. Listed investors in the filing include Ross Levinsohn (Fuse Capital), Bijan Sabet (Spark Capital), Goldman Sachs, and Saban Capital Group. Media reports say YouTube is in talks to acquire Next New Networks, which would give YouTube the ability to produce web videos in-house and could bolster ad monetization and Google TV. The article discloses no operating metrics, past rounds, or founding year. Next New Networks is an online TV site that operates a portfolio of 12 themed video networks. Its networks include Barely Political (home of Obama Girl), Channel Frederator (cartoons), ThreadBanger (DIY fashion), and Veracifier (daily news). The company reported 33 million video views in March across its 12 networks. It also announced a distribution deal with AOL to carry its videos. Next New Networks launched in January 2007 and had previously raised $8 million from Spark Capital, Saban Media Group, Pilot Group, and Bob Pittman. The company recently received an additional $15 million investment. Next New Networks is a New York–based online media company that builds internet-based "micro television networks" for targeted niche communities. Each micro-network typically includes one or more shows of 3–11 minutes of programming on a weekly or daily basis, a website, and subscribable feeds (iTunes, My Yahoo), and may also host a channel or homepage on sites like YouTube. The company has launched nine micro-networks so far and plans to expand that number to 30, with examples such as Indy Mogul, Channel Frederator, Fast Lane Daily, Pulp Secret, ThreadBanger, Veracifier, and VOD Cars. Next New Networks signed a distribution deal to place seven of its nine channels on Veoh.com. The company launched in January with $8 million in funding from Spark Capital. The founding team comprises five media and technology veterans (Herb Scannell, Fred Seibert, Jed Simmons, Tim Shey, Emil Rensing) with experience across Nickelodeon, MTV, Hanna‑Barbera, Turner Broadcasting, AOL, and Frederator Studios.

Total raised

$24M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Dec 2010