Wednesday, August 08, 2007

RED HERRING | NBC Funds Worldwide Biggies

"Multiplatform production studio Worldwide Biggies, helmed by Hollywood honcho Albie Hecht, announced Monday that it had scored $9 million in funding from a mix of big media companies and venture capital firms.

The New York City-based company’s first round was backed by NBC, Hearst Corporation, Greycroft, Platform Equity, and PrismVenture Works.

The investors were attracted to Mr. Hecht’s proven record of creating entertainment brands for children and young adults, said representatives from the investment groups working on the deal. As a former president of Nickelodeon and Spike TV, Mr. Hecht oversaw such hits as SpongeBob SquarePants, Dora the Explorer, and Blues Clues."

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