LA-based YouTube network Maker Studios has raised an additional $26 million, bringing its total Series C funding round to $62 million. The company will use the funds to expand its international presence.
It’s official: Maker is buying Blip, and wants to keep the site alive, in part to make use of its distribution partnerships.
Blip Networks, which transformed itself from a generic YouTube alternative to a platform for serialized online video, is being bought by one of YouTube’s biggest networks of publishers.
Blip used to be just another video hosting site trying to compete with YouTube. These days, it’s looking very different – and it’s getting ready to take on cable TV.