Google To Drop Millions On Investment In Machinima

Machinima is in the process of raising a new round of funding and Peter Kafka of All Things D reports that Google will be one of the investors.  YouTube has been giving out millions of dollars to professional content creators in the form of loans, to be paid back through advertising, but All Things D reports that this is “the first time Google has openly backed a content company by taking an equity stake.”

Kafka writes, “People familiar with the round tell me it should end up raising more than $30 million, and will value the company at around $190 million, post-funding.