Home › DMW Daily › June 24, 2009

Redlasso Gets $1.25 Million for Blogger News Video Clip Service

Authored by Mark Hefflinger on June 24, 2009 - 10:57am.
Philadelphia, Penn. - Redlasso, a service that provides news video clips to bloggers for use on their sites, has raised $1.25 of a $2 million round of venture capital financing, led by real estate executive Daniel Keating III.

Previous backers Guggenheim Venture Partners and Osage Ventures also participated in the round.

Philadelphia-based Redlasso was sent copyright cease-and-desist letters from several networks last summer, prompting clients including Huffington Post and Crooks and Liars to drop the company.

Redlasso was then sued by NBC and Fox for copyright infringement last July.

The suit was eventually settled, with the company signing a deal with Fox for access to local TV news clips.

 

Related Links:
http://www.pehub.com/42904/the-return-of-redlasso/

http://snipurl.com/kt8p4 (DMW previous coverage)

http://www.redlasso.com

Published in DMW Daily, June 24, 2009
tags: Deals | VC | Video | Blogs | TV | Fox | NBC | News | Publishing | Osage Ventures | Redlasso | Daniel Keating III | Guggenheim Venture Partners |



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