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August 9, 2011 08:00 pm GMT

Armed With $7M In New Funding, Movieclips Lands Deal With YouTube To Be The Vevo Of Film Clips

movie-1We're big fans of online movie clips site Movieclips.com, which launched in 2009 as a search engine with over 20,000 different clips from thousands of titles from the libraries of 20th Century Fox, MGM, Paramount, Sony Pictures, Universal Pictures and Warner Bros. Pictures. Today, the company is announcing that it has raised $7 million in funding led by MK Capital (a founding investor in Machinima, a large gaming publisher on YouTube). Shasta Ventures, First Round Capital, Richmond Park Partners, Jeff Clavier, Naval Ravikant, Jeff Kearl, Tom McInerney, Allen DeBevoise and Gordon Rubenstein also participated in the round. But that's not all. Movieclipsis announcing a lucrative new, Vevo-like deal with YouTube, to bring all of the startup's licensed Hollywood HD movie clips to the online video platform.As you may know, along with the studio partnerships (which is half the battle for licensing movie content), Movieclips has also developed proprietary technology that assigns up to 1,000 points of data to every scene, making it super easy to find scenes by actor, film title, dialogue snippet, mood, director, genre, etc. This data enables people to search and discover movies through curated lists and games. Last year, the startup launched a new product, called Movieclips Mashups, at TechCrunch Disrupt in New York, which allows anyone to make montages of two minutes clips.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3Dt7ymf8IPY/

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