SnagFilms Grabs $7 Million to Share Indie Movies Online

Terry Semel, who used to make really, really big movies for a living, is one of the investors in a start-up that works on the other end of the spectrum.
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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.

SnagFilms Finds Virtual Theaters for Documentaries

SnagFilms is a great idea for getting documentary films in front of more people, writes Walt Mossberg. It’s a new service that allows anyone with a blog, a Web site, or even a page on a social-networking site, to open a virtual movie theater and show these documentaries, free.