DEFY Media Snags $70M

Los Angeles-based DEFY Media, a developer of YouTube channels and digital content, said on Tuesday that it has raised $70M in a Series B funding. The funding was led by Wellington Management Company LLP, and also included ABS Capital, Lionsgate, Viacom and ZMC (Zelnick Media Capital). DEFY Media is led by Matt Diamond, and owns such brands as SMOSH, Clevver, Screen Junkies, AWEme, Break, and Made Man. The company said it produces over 72 original weekly series across all of its brands, and now reaches over 125 million viewers. More information »