Friday, November 16, 2007

Blowtorch Raises $50M

San Francisco- and Los Angeles-based Blowtorch Entertainment announced this morning that it has scored $50M in a rond of venture capital funding, to create a new combined media firm. The funding came from Ignition Partners. The company said it will create content for online, theater, and mobile devices, including feature-length films, professional-grade shorts, mobile offerings, an online social community and live events. The firm was co-founded by Kelly Rodriguez, former CEO of Totality, along with Dominic Ianno, who has been at Artisan Entertainment, Outlaw Productions, and Sony Music Online Ventures. The company said its first project is the feature firm "You Are Here," which is going to be released in Spring of 2008 in theaters. More information »