Report: Machinima Seeking $50M In Funding

Los Angeles-based online content producer Machinima, which produces videogame related content for YouTube, is reportedly seeking $50M in funding, at a $200M to $250M valuation, according to reports today. The firm, which is led by Allen DeBevoise, publishes videos online related to video games, video game news, and entertainment. Report of the fundraising was leaked by PandoDaily, in a scathing post criticizing the quality of Machinima's content.