Washington
- Ted Leonsis, the vice chairman emeritus of AOL and a well-noted film buff, on
Thursday launched his new documentary site, known as SnagFilms. The DC-based
company, also backed by AOL co-founder Steve Case and venture capitalist Miles
Gilburne, said that it aims to address the "bottleneck" in documentary
distribution that "has left many great films unable to reach their
potential audience or to provide a viable financial return."
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