Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
NEW YORK Velocity Interactive Group, the digital-media investment firm headed by former News Corp. and AOL executives, will invest $10 million in online video ad company Broadband Enterprises.
Velocity also is looking to back talent and online video production companies. Partner Ross Levinsohn said that Broadband’s monetization technology could be useful when such deals are wrapped up.
“We’re a minority investor,” said Levinsohn, the former president of Fox Interactive Media. “We can’t force anything. But we can surface ideas for people and that’s the idea for this.”
Levinsohn
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in