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DailyMotion gets $34m injection NEWS BRIEF: French YouTube rival DailyMotion raised US$34m this week and will use the funds to fuel its international growth, building on deals with the likes of RDF USA. The Paris-based company, which claims to be second in the online video ratings to YouTube, received its second round from Advent Venture Partners and AGF Private Equity, with Jefferies LongAcre advising. Earlier this year, DailyMotion hired a number of TV executives in the US to steer its growth there, including former Time Warner senior VP of global marketing Joy Marcus as general manager. The company also signed a first-look deal for eight original programmes from RDF USA. 6 Sep 2007 © C21 Media 2007
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