Turner Makes Refinery29 Investment Official

A cool $45 million.

About a month ago, we noted that Time Warner division Turner has invested $50 million in Refinery29. Today, Turner has made it official — but the investment was $45 million.

Refinery29 said it plans to use the funds to boost its video production business.

As part of the deal, ​Christina Miller, president and general manager of Cartoon Network, Adult Swim and Boomerang​, will take a seat on Refinery29’s board of directors.

Scripps Interactive also took part in the funding round.