Machinima, a YouTube video developer that generated 1.6B views in April, has closed a $35M...

Machinima, a YouTube video developer that generated 1.6B views in April, has closed a $35M funding round led by Google (NASDAQ:GOOG). The investment, which comes a year after YouTube acquired video developer Next New Networks, underscores Google's willingness to spend heavily to turn YouTube into a top professional content hub. Those efforts appear to be paying off.