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SnagFilms Closes $6 Million in Financing

SnagFilms Closes $6 Million in Financing

Indiewire parent company SnagFilms has announced it's closed a $6 million financing round that includes the current investment group as well as a new shareholder, CNF Investments.

SnagFilms spent much of 2012 launching apps that allow users to view independent films in more places than any other film platform. The company starts the year with the national theatrical launch of "Beware of Mr. Baker," which opens Jan. 25.

"We return to Park City this year with a strong contingent from both our distribution and Indiewire teams," said SnagFilms CEO Rick Allen. "With this round of investment, we are able to expand our commitment to helping filmmakers in every form of distribution and increase the services we offer."

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