Video sites for children are booming as YouTube and others invest heavily in family fare: 'You're going to see a huge wave of development'
Video sites for children are booming as YouTube and others invest heavily in family fare:"You're going to see a huge wave of development."
That's put companies focused on the kid-safe media space in high demand. Now, London-based SuperAwesome is fielding interest from companies like Microsoft, which made a $17 million strategic investment in January. Meanwhile, Encantos, the media company behind animated bilingual preschool brand Canticos, has raised $2 million in seed funding to expand its focus on multicultural storytelling.
Attention to kids' content providers has grown in recent months, since the Federal Trade Commission's $170 million settlement with Google-owned YouTube over allegations that it collected the personal information of children under 13 without their parents' consent, a violation of the Children's Online Privacy Protection Act .
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