FreeCreditReport’s Ed Odjana And Facebook’s Chris Kelly Back Movie Distribution Startup GoDigital

Preferred Ventures, the digital media investment firm launched last year by FreeCreditReport.com founder Ed Odjana and former Facebook Chief Privacy Officer Chris Kelly, just announced that it has invested a "high six figure" seed round into GoDigital, a digital distribution service for independent films. GoDigital has a library of more than 1,000 independent, documentary, and foreign movies, which it makes available to viewers through deals with Lionsgate, iTunes, Netflix, Amazon, and others. Initially launched as a music distribution service, then switching to its current model in 2008, GoDigital has been bootstrapped until now. However, founder and CEO Logan Mulvey says the company reached a point where it needed more money to grow — hence the current funding.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/YM3rrfoYHRE/

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