Machinima.com Locks in $9 Million Investment from Redpoint Ventures Financing to Enable Company to Expand Community Scale, Reach and Engagement

Los Angeles, CA (PRWEB) June 15, 2010

Machinima.com, the premier online entertainment network for video gamers, today announced a $ 9 million venture capital investment from Redpoint Ventures, a leading, early stage venture capital firm based in Menlo Park, CA with offices in Los Angeles, CA and Shanghai, China. Coming on the heels of a landmark calendar year of over 300% audience growth, Machinima.com will utilize this Series B round of financing to accelerate further growth. In the month of May, Machinima.com delivered over 127 million video views to over 27 million uniques.

Geoff Yang, a partner at Redpoint Ventures, and a serial early-stage backer of successful web ventures including Ask Jeeves, Excite, Gaia Online, Homeaway, Juniper Networks, MySpace, Netflix, Scribd and Tivo will join the board of directors of Machinima.com

We are extremely excited about this new partnership with Redpoint Ventures and Geoff Yang, said Machinima.com CEO and Chairman Allen DeBevoise. This capital infusion will enable us to further expand the scale, reach and engagement of our community while delivering the best global marketing platform for video games on the planet to our customers and partners.

"We're delighted to be a part of Machinima. Video gaming is an enormous market, and has become mainstream media, said Geoff Yang. Machinima is the leading entertainment network for this exciting market, and begins to blur the line between game and entertainment experiences."

Following the success of the Machinima Channel on YouTube, the number one channel in the entertainment category, Machinima.com has launched two new original channels Machinima Sports and Machinima Respawn, which delivered over 100 Million video views in the first 3 months. The company also produces 25 original franchise shows that showcase gameplay, industry news, game highlights, commentary, and comedy and drama series. Machinima.com boasts one of the most highly engaged and active video game audiences as evidenced by the enormous community engagement created for Call of Duty: Modern Warfare 2 that generated over 125 Million video views in the first 100 days after the release of the game.

About Machinima.com

Machinima.com has rapidly expanded to provide comprehensive and compelling entertainment content focused on gaming within the core male 18 34 demographic. The company generates more than 120 million video views per month across its network, making it the number one all-time Entertainment Channel on YouTube and the ultimate destination for video gamers. Machinima.com also operates 25 franchise shows which showcase gameplay, industry news, game highlights, and commentary. The company also creates original series for game publishers, developers, networks and studios that help generate ongoing community between and around title releases. The word Machinima is a loose hybrid of the words machine and cinema and is used to describe the process of creating real-time animation by manipulating a videogames engine and assets. Machinima.coms Series A round of financing was executed by MK Capital with substantial support from MK Capital Partners Mark Terbeek and Yair Landau. Additional Board Members at Machinima.com include Matt Coffin and Joi Ito.

Media Contacts:

Jocelyn Johnson / Dawn Miller

Jocelyn / Dawn(at)miller-pr(dot)com

###

Related Series B Round Press Releases

Blue Moon Beads Acquired by H.I.G. Portfolio Company DCWV

San Francisco, CA (PRWEB) November 08, 2011

The acquisition of Blue Moon Beads allows DCWV to diversify its product offering and expand into a third design-driven product segment, alongside paper crafting and home d

Eileen Mcdonnell Appointed Chief Executive Officer of the Penn Mutual Life Insurance Company: McDonnell Takes Post after the Companys Best Sales Year Ever

Horsham, Pa. (Vocus/PRWEB) February 22, 2011

The Penn Mutual Life Insurance Company announced that Eileen McDonnell has been appointed Chief Executive Officer of the company, succeeding the retiring Robert E. Chappell. McDonnell now holds the title of President and Chief Executive Officer. She is only the 18th chief executive officer in Penn Mutuals 164-year old history.

Chappell, who led the mutual insurer to its current position as one of the most respected in the industry, will remain as chairman of the board.

McDonnell takes office as the company reports record numbers for 2010 with life insurance sales up 47% over 2009, versus an industry increase of approximately 6%, and annuity sales growth of 7%.

Looking to the future, McDonnell said, Penn Mutual has a rich legacy that continues to guide our work as a company. I believe the decade ahead is full of opportunity for us, and we are extremely well positioned to build on the positive momentum weve created over the past several years. That said, we remain focused on serving the best interest of our policyholders, and helping individuals, families and small businesses achieve their possibilities and their dreams through the complete value of life insurance.

McDonnell is one of only a few females holding the position of CEO at a major U.S. life insurer. She joined Penn Mutual in February 2008 as Executive Vice President and Chief Marketing Officer, and Chairman of the Board of Hornor, Townsend & Kent, Inc. She is also a member of Penn Mutuals Board of Trustees, as well as a member of the Janney Montgomery Scott LLC Board of Managers. Janney Montgomery Scott is a wholly-owned subsidiary of Penn Mutual.

McDonnell, a veteran of the financial services industry, was president of New England Financial, a wholly-owned subsidiary of MetLife and senior vice president at Guardian Life Insurance Company. McDonnell also held positions at AXA/Equitable. In addition, she was a member of the Master of Science in Management faculty at The American College, where she held the Chair for Women and Financial Services.

An active industry participant, Eileen is a member of the Board of Directors of LL Global, Inc., the holding company for LIMRA International and LOMA, and is a National Advisor for Vision 2020.

McDonnell graduated from Molloy College, Rockville Centre, New York, where she served as member of its board of trustees. McDonnell earned her MBA in finance and investments from Adelphi University, in Garden City, NY.

About The Penn Mutual Life Insurance Company

Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families and small businesses unlock lifes possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com.

2010 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

Contact:

Barb Parassio, Karma, (215) 790-7813, barbara(at)karmaverse(dot)com

Keith Bratz, Penn Mutual, (215) 956-7907, bratz.keith(at)pennmutual(dot)com

A1JC-0217-10

###