Video Industry Keeps Us up at Night

You guys just can’t stop cutting deals for one day, can you? We should be sleeping but there’s too much news on them thar wires.

ON Networks, an online studio, has raised $12 million in second-round funding from Accel Partners, Austin Ventures, and AT&T (T), bringing its total funding to $16 million. (Austin American-Statesman)

And Vobile, a copyright protection startup that has apparently won fans at the MPAA, raised less than $10 million from AT&T and Steamboat Ventures. (Wall Street Journal, but registration required; see summary on paidContent)

DVD-trading site Peerflix said it was purchasing TheMovieBlog.com and launching a vertical ad network focused on movies. Our take — that this company has run through more strategies than we can remember — is pretty similar to TechCrunch’s.