BuzzFeed Has Big Plans

BuzzFeed just closed a $50 million investment from venture capital firm Andreessen Horowitz, so you know what that means — big plans! This is because you can’t get that much money from an investor and reply, “Right, well, thanks for this, but we’re just going to keep doing what we’re doing.”

In an announcement, the site said it has its sights set on Hollywood. BuzzFeed Video is now BuzzFeed Motion Pictures. The video arm already produces Vines and short films, but will now seek to create full-length movies in conjunction with other major studios.