Comcast invests in online film distributor

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.

For more:
- see Comcast's blog

Related articles:
SnagFilms launching VOD play on Comcast, Verizon FiOS TV
Pay-TV operators add VOD access through Web-connected Blu-ray players
Connected TVs, OTT offer pay-TV operators opportunities to grow business

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