Next New Networks, a company co-founded by Herb Scannell, a former vice chairman of MTVN, has just announced the closure of its Series B round of funding, reports Peter Kafka of Silicon Alley Insider. The round, totaling $15 million, was led by Goldman Sachs and Velocity Interactive Group.
Next New Networks is a management operation built upon the concept of “micro-television.” It’s holdings include video productions like Fast Lane Daily, Barely Political, ViroPOP, EPIC-FU (formerly JETSET), Total MMO, and one name that stands out for this Web video fan more than any other in its NNN’s portfolio, Channel Frederator.
The company seems to be aiming its sights on higher positioning with its current list of networks. NNN is already claiming to have garnered a comprehensive view count of 33 million across all its properties last month alone, and if financial recompense on investments is to be attained in the coming quarters, the company is no doubt going to have to further distribution - presently attained through MySpace, YouTube, Joost, and venues elsewhere - to compete with other forces.