Monday, June 25, 2007

Revision3 raises $8 million

Digg Founders Kevin Rose and Jay Adelson have raised an additional $8 million for their Revision3 website. The additional capital should allow for Revision3 to add to its 10 show slate and to expand its website and operations. The most popular of their shows Diggnation is advertising supported but has a very interesting business model where the hosts actually talk about the products (kind of like Howard Stern). The shows hit the geek demographic with shows that are called Ctrl-Alt-Chicken, Pixel Perfect, and XLR8R TV. It also allows you to take the content on the go with QuickTime downloads. Their Flash player from BitGravity is also a solid high quality flash player. Overall, a pretty solid product and the best example of monetizing online video to date.

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