30 posts and columns on Video on Demand
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.
Shares in Netflix, which have have more than doubled in the last year, are a bit down today. What gives? Best to be wary of anyone who tells you why a stock moves on a given day, but a good bet here would be: Shares in Netflix have more than doubled in the last year.