InternetTV Startup Raises $8 Million

The guys behind Diggnation, The totally rad show and other tech/geek video podcasts have raised another $8 million, on top of the $1 million raised last year.

I love Diggnation, even though I wouldn’t class myself as a proper geek. It’s well produced, in fact it’s better than a lot of traditional content on TV. Here’s why they called the company Revision3:

The company calls itself Revision3 because they think that television is moving into its third stage:

  • Revision 1: Cable, adding general interest channels, catering to “most common denominator.”
  • Revision 2: PC-based Internet video, indy films, no business model, no loyalty, no audience
  • Revision 3: TV and Internet converge. iPods, Tivo, mobile, broadband enable mass, loyal audience to shift to ondemand, niche content. Advertising follows them.

Via Podcasting News

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