Ifilm lands $10 million in funding

Online entertainment company Ifilm says it has secured $10 million in its latest investment round from companies that include Yahoo, Sony Pictures Entertainment, Eastman Kodak, Vulcan Ventures, Axiom Ventures and GeoCities founder David Bohnett's Baroda Ventures. The company also won investments from Falcon Cable founder Marc Nathanson and former Global Crossing Chief Executive Leo Hindery. Ifilm said it will use the money to further its operations and move toward profitability.