Web Firm Eyes 101 ‘Micro-Networks’
Start-Up Led by Former Nickelodeon President Herb Scannell Debuts
By Steve Donohue -- Multichannel News, 3/8/2007 10:56:00 AM
The Internet-video start-up firm founded by former Nickelodeon president Herb Scannell unveiled five “micro-networks” Thursday, and it said nearly 100 more are in the works.
New York-based Next New Networks said it plans to launch 101 micro-networks by 2012, each containing video clips or episodes running 3-8 minutes in length.
Its first Web networks are Channel Frederator, containing humorous cartoons; Fast Lane Daily, focused on automotive news; PulpSecret; devoted to comic-book news; ThreadBanger, focused on people who make their own clothes; and VOD Cars, which the network said will contain clips “for the speed-obsessed community at large.”
Next New Networks also said it received a capital investment from Haim Saban’s Saban Capital Group, Benchmark Capital Europe and The Pilot Group, which was founded by Former AOL Time Warner chief operating officer Bob Pittman.
The company received $8 million in series-A funding from Spark Capital in January.
And Next New Networks named former America Online president Jonathan Miller to its board of directors.
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