Generate secures financial backing
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From Times Staff and Wire Reports
Santa Monica-based Generate, a digital entertainment production company headed by former WB TV network executive Jordan Levin, said it had secured $6 million in financing from two investment firms: Chicago-based MK Capital and Velocity Interactive Group, which includes former News Corp. executive Ross Levinsohn and former AOL Chairman Jonathan Miller.
As part of the deal, Velocity and MK Capital received equity stakes in Generate.
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