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YouTube MCN #Fame raises $10 million from TO THE NEW Ventures

YouTube multi-channel network #fame (earlier Famebox Networks), has raised $10 million in a second round of funding from TO THE NEW Ventures (TTN Ventures), reports exchange4media. It had previously raised $3 million in funding from TTN Ventures, back when it began operations in beta in early 2014. The startup plans to use the funds to scale up its digital video business, invest in emerging talent, invest in new technology and expand to other countries in Asia. Besides India, it plans to expand to six key markets in South-east Asia, including Indonesia, Singapore, Thailand, Malaysia and Philippines. The company claims that it currently produces more than 150 videos a month, which it plans to ramp up to over 1,000 original videos monthly from 500 content creators, in the next few months. It is currently active on several digital and social platforms including YouTube, Facebook, WeChat, Dailymotion and other content publishers. #fame YouTube channels Over the past year, Fame has launched several web series across various categories like fashion, music, comedy and food segments. Some of them include – - A tech vertical called #fametech, which aims to be a digital video destination for personal tech content. - A fashion web series called Style Code by VJ Andy & a web series on style tips called Diva on Duty featuring Anusha Dandekar. - An online stylist hunt called School of Style hosted by Karan Johar. - Food-oriented web series like Some Like It Hot & WebChef, which is an online talent hunt of amateur chefs.…

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