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DECA is a yet-to-launch company that aims to develop, finance, and distribute professional video over the Web. The company announced it has raised $5 million to build its service, which will combine video with social networking to try and launch professional quality entertainment at a fraction of the cost of traditional distribution.
It sounds a lot like Vuguru, Michael Eisner’s company that is also focusing on professional video production and launched the Prom Queen series on MySpace over the summer.
DECA’s investors include Mayfield Fund, General Catalyst Partners, and Atomico Investments.