GodTube raises $30,000,000

GodTube, one of the fast growing Christian online video sharing and social networking sites, has received a big $30 million funding round.  As for its business model, its Godcaster program is being used few hundred churches, thus generating subscription revenues, and allows them to stream live video of their services online. In the coming months, the company will also launch a white-label social networking service to churches as well. Also, the site sells both religious and secular advertising.