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After AOL Spinoff, StudioNow Raises $5 Million

Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

More than a year after spinning out from AOL, video production marketplace StudioNow has raised $5 million in a round led by FCA Venture Partners. AOL had acquired the company in 2010 for $36.5 million.

This article originally appeared on Recode.net.