Machinima announced Monday that it has secured much-needed capital, though perhaps not at the level to which they had aspired.
The massive network of millennial, gamer-drive YouTube channels raised $18 million in financing, led by Warner Bros. Entertainment and with existing investors MK Capital, Redpoint Ventures, and Google Capital participating.
Also read: Machinima CEO Allen DeBevoise to Step Down
“We are thrilled to be partnering with Warner Bros., the leading producer of exactly the type of content that resonates with our global audience of videogamers and millennial males,” Machinima Chariman and CEO Allen DeBevoise said in a statement. “There are myriad opportunities to connect Warner Bros.’