Summary:

IGN Raises $2 Million: IGN Entertainment (Nasdaq: IGNX), which till recently was called Snowball.com, has raised $2 million in a private pl…

IGN Raises $2 Million: IGN Entertainment (Nasdaq: IGNX), which till recently was called Snowball.com, has raised $2 million in a private placement.

IGN recently changed its name from Snowball.com to focus on gaming sector through its popular IGN.com online subscription gaming site. The company claims than IGN is the largest online gaming community, with about 45,000 paid users and over 8 million unique monthly users. In the first quarter of this year, the company added 15,000 new subscribers to its IGNinsider program, and subscription revenues grew by 118 percent over the prior quarter, according to the company.

Comments have been disabled for this post