Motionbox, the New York-based video sharing site which has a subscription model, has gotten a third venture round of $6 million, Jason Kincaid of TechCrunch reported tonight. Along with the investment is a management shake-up with Chris O’Brien assuming the title of Chairman and Josh Grotstein becoming CEO. A little over a year ago, Chris spoke with Beet.TV about his company’s business model.
Here is the company’s press release.
— Andy Plesser, Executive Producer