Report: Machinima Looking For A Mega Funding Round

Is Los Angeles-based YouTube network Machinima looking for a big round of funding? A report from AllThingsD says so, saying that Machinima is looking for an investment of more than $70M. Machinima has not said anything about its fundraising plans in public. Machinima last raised funding in May of last year, raising $35M from such backers as Google, Redpoint Ventures, and MK Capital. Fellow YouTube network Fullscreen raised its own big funding round in April.