Keeping one foot on the Internet side of the cable-Web divide, Comcast (Nasdaq: CMCSA), through its venture capital arm Comcast Interactive Capital, has invested $10 million in SnagFilms, a distributor of independently produced documentaries online.
What's pocket change for Comcast will make a big difference for SnagFilms, which is also supported by founder and former America Online exec Ted Leonis and another more familiar AOL name, Steve Case. According to a blog post by Comcast Interactive Capital's Louis Toth, the money will help SnagFilms distribute independently produced fictional films.
- see Comcast's blog
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