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GodTube.com gets $30 Million Investment

Unlike its secular cousin, YouTube, all content must gain approval from the site's headquarters in Plano, Texas. Vulgar or overtly sexual material is not allowed. Neither are videos promoting other religions -- for that, there are JewTube.com and IslamicTube.net. (The domain name SatanTube.com is still for sale.)

GodTube.com, a YouTube knockoff for the evangelical set, seems to be one step closer to building a kingdom on earth. Last week the site, which shows Christian videos and features a flip-through Bible and prayer blogs, received a $30 million investment from GLG Partners, a big London hedge fund.

The investment valued GodTube at nearly $150 million, according to PaidContent.org. GodTube offers sermons, theological debates, Christian rap videos and low-budget skits like "See man watching porn get caught by Jesus," which plays out exactly as the title suggests. The investment will help sustain the on-screen Bible and a prayer wall where devout Web surfers can petition God to bless the afflicted or warm the heart of an intransigent girlfriend.

Read the full article here.

Source: CIO Today Article By John Metcalfe - May 13, 2008 7:10AM

 
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