Online television studio Next New Networks is reporting a few milestones today, releasing news that the network has seen over 300 million views across its networks in 2009. The company also claims it doubled revenue from 2008 to 2009 and saw a 70% increase in the number of sponsors.
Next New Networks builds internet based “micro television networks” for targeted niche communities. Over the past few years, Next New Networks restructured and reshuffled its executive team and staff, bringing in Lance Podell as CEO in late 2008 and added a new chief of programming Kathleen Grace in 2009. The company says viewership grew thanks to programming and networks in 2009, which include Fast Lane Daily, Barely Political (aka Obama Girl),Beyond The Trailer and more. In 2009, NNN’s networks grew to over one million subscribers on YouTube, podcasts and e-mail, a 300% increase from 2008.
Although company, which earned a blog post on YouTube’s blog recently, claimed profitability by 2009, that expectation has been held off until this year. While the company as a whole isn’t profitable, we are told that several of its networks are. The company has raised $23 million in funding.
Next New Networks aims to build internet based “micro television networks” for targeted niche communities. The concept brings together elements of traditional TV networks with Internet functionality that invites viewers to contribute, share and distribute content; think Weblogs Inc meets video blogging with an everywhere distribution model. Next New Networks is the leading provider of original, episodic series programming for the Internet. With over 1 billion views since the company’s launch in 2007, over 2 million subscribers, and some of...