Hoodiny Entertainment Group Raises $9 Million

Authored by Jay Baage on August 3, 2007 - 5:19am.

Miami - Hoodiny Entertainment Group, a full-service digital entertainment and content production company, and parent of elHood.com, has raised over $9 million from investors in the United States and Spain.

Hoodiny intend to use to money will enable continue with its geographic expansion and the development of social networking solutions for leading media companies. With the close of this latest round, Hoodiny has raised a total of $11 million of equity financing during the past twelve months.

In June, the company announced a strategic alliance with Billboard - allowing Hoodiny-powered sites to have unique access to Billboard's content, while translating it to Spanish and Portuguese. Additionally, under the agreement, Hoodiny will leverage Billboard's U.S. digital sales organization to generate advertising revenues.

Related Links:
http://www.hispanicprwire.com/news.php?l=in&id=9181&cha=14
http://www.hoodiny.com/