Friday, January 21, 2011

Exclusive: SnagFilms Snags $10 Million in Funding at $50 Million Valuation

SnagFilms, the online video distribution site for professional documentaries, has nabbed $10 million in funding from Comcast's investment arm and New Enterprise Associates, and will also now be distributing fictional independent releases.

That and the new investment giving SnagFilms a valuation of $50 million should be big news at the 11th Sundance Film Festival, the famous independent film gathering opening in Park City, Utah, on Thursday.

Kelly Hu Michelle Rodriguez Mena Suvari Georgina Grenville Michelle Trachtenberg

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