Internet-specific companies accounted for 84% of dollars and 81% of deals in the Media and Entertainment industry in 2007.
Separately, media and entertainment companies received $1.9 billion in venture dollars in 340 deals last year, compared to $1.7 billion in 318 deals in 2006. The $29.4 billion invested in 3,813 deals overall in 2007 marked the highest total since 2001, when $40.6 billion was invested.
--Mark Walsh