Mondo Media, a leading creator and distributor of serial-based animated
content, announced Monday, February 14, 2000 that it has secured $20
million in its second round of financing. The newest round was led by
Macromedia and Foundation Capital. Additional funding partners in the round
included Sofinnova Ventures, Red Rock Ventures, Silicon Valley Bank and
Phoenix Growth Capital. Mondo Media also added new syndication partners
that include Excite@Home, AltaVista, AtomFilms and washingtonpost.com.
Popular Webisodes from Mondo Media currently include: THE GOD & DEVIL SHOW,
a celebrity talk show hosted by God and the Devil; LIKE, NEWS, written and
directed by Don Asmussen, a regular cartoonist for TIME and GEORGE
magazines; and THUGS ON FILM, which features a fresh new pair of film
critics. Mondo Media plans to develop a globally branded library of
intellectual properties that generates revenue from multiple sources,
including: syndication licensing; advertising; eCommerce merchandising;
foreign language rights; television and direct-to-video production; and
ancillary licensing revenue. "We are definitely excited and encouraged by
all of the recent growth and the powerful response to our programming,"
said Douglas Kay, president of Mondo Media. "The investment will enable
Mondo Media to make great strides in expanding our network of syndication
partners, as well as further developing our unique character driven
programming."
Look for a profile of Mondo Media by Lee Dannacher in the March issue of
Animation World Magazine.
Rick DeMott
Animation World Network
Creator of Rick's Flicks Picks
