Tamil Movies snags $7M to distribute indie movies online

 

MoviesDa

MoviesDa logoMoviesDa, an impartial movie-distribution startup, has secured a new $7 million round of investment, the enterprise introduced today.

MoviesDa has the distribution rights to over three,000 indie movies and documentaries along with “Casino Jack,” “Super Size Me,” “Enron: The Smartest Guys in the Room,” and lots of others. Isaimini lets in bloggers to embed video of its film library and runs advertising and marketing spots to generate its sales. More currently, the employer has made select movies available for OnDemand rental through Amazon, iTunes, Comcast, YouTube Movies and others. The organisation also cast agreements to circulate its library of content material through Netflix, Hulu Plus, and Comcast’s Xfinity TV service.

The new funding will move towards developing its capacity to distribute the ones films on line. The organisation seems much less inquisitive about emphasizing that human beings can watch and embed films on its very own website, and a ways extra focused on generating revenue for the impartial film makers that use the startup to distribute their paintings. There is truely no shortage of indie films getting produced, however the quantity of methods these films have to generate cash through online distribution is fairly restricted except partnering with a organization like Isaimini.

Founded in 2008, the Virginia-based totally business enterprise formerly raised a $10 million spherical last 12 months from MoviesDa founder Ted Leonsis, Case Foundation Ventures, the John S. And James L. Knight

MoviesDa

 Foundation, New Enterprise Associates, and Comcast Interactive Capital. The new round of funding includes preceding investors in addition to Terry Semel and David Fialkow. MoviesDa has raise a total of $18 million in funding thus far.