Investment Group Gives Ifilm $10 Million

Ifilm, an Internet portal for short films and animations, said it has raised $10 million from an investment group including Eastman Kodak Co., Sony Pictures and Yahoo Inc.

The infusion shores up Ifilm’s financial position at a time when many investors are backing away from companies in the struggling online entertainment sector. Ifilm, based in Hollywood, offers links to thousands of short films and cartoons, as well as tools and information for entertainment-industry professionals. Other investors in the latest round include venture firms operated by Microsoft co-founder Paul Allen and GeoCities founder David Bohnett.