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Oxygen Breathes In $100M In New Funding

Oxygen Media, the year-old television/Internet media company dedicated to programming for women, has received a hefty investment of US$100 million from Microsoft co-founder Paul Allen's Vulcan Ventures. Allen's investment firm was an early fund supplier to the fledgling network. The channel has struggled since its inception to find major cable systems to carry its programming. Oxygen was founded by Gerry Laybourne, the former president of Nickelodeon, who helped build the children's network into one of the top rated cable channels in the U.S. and around the world. Laybourne said, "This major investment in Oxygen by a company that intimately knows our business is a powerful vote of confidence in our ability to continue to attract and grow an audience for programming and content that is unavailable anywhere else."

Oxygen Media broadcasts the animated series X-CHROMOSOME, which features innovative toons of varying styles and ideas. Want to find out more about the series and the philosophy behind it? Then read Animation World Magazine's article.

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Rick DeMott
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