Paris-based video sharing site DailyMotion has landed $34 million in new funding from Advent Venture Partners LLP of London and AGF Private Equity of Paris, according to The Wall Street Journal. The site, launched in 2005, currently boasts 37 million visitors a month and a funding round of $9.5 million secured in 2006. There's just one problem: The site consistently hosts full-length movies and television shows without permission from the production studios. Despite the site's claims that it vigilantly polices illegal content, the ongoing availability of full-length movies on the site is something that will likely hinder the its ability to grow business partnerships in the United States.
*Pictured right: DailyMotion co-founder and CEO Benjamin Bejbaum
