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

Suggested Articles

Alan Wolk, co-founder and lead analyst at TV[R]EV, dissects MVPDs' embrace of streaming rivals and Discovery's streaming future.

YouTube TV said beginning Feb. 29 it will no longer carry Sinclair’s regional sports networks.

Discovery, Inc. is in the early planning phases of launching a streaming video service that aggregates IP from all its brands.