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Funding News: Oprah, Blip.TV
ADOTAS – The seemingly unsinkable, recession-proof Oprah has raked in some serious Benjamins from Discovery. OWN: The Oprah Winfrey Network, set to launch late next year, has received a $100 million commitment from Discovery, PaidContent reports.
And if additional funding is necessary, Discovery may provide it through a loan.
Meanwhile, PEHub has found that the Web video site Blip.TV raised $5.2 million in the funding round it announced in October. Bain Capital led the round.
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