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DEN nabs Mancuso in ‘Net

Appointment follows financing coup

Frank Mancuso has teamed with the board of directors at Digital Entertainment Network, the Santa Monica-based teen-geared Internet network.

The appointment of the former MGM topper (who will remain a member of the MGM/UA board) follows DEN’s February financing coup — scoring $24 million from NBC, Enron Broadband and Intel.

Past Warner Bros. chief Terry Semel contributed $2 million to DEN’s backing.

But even with that broad support, DEN is still grateful to snag Mancuso.

“His enormous expertise and relationships in content creation and distribution will be invaluable to us as we pursue our goal of becoming Generation Y’s preferred entertainment destination,” DEN CEO and chief operating officer Greg Carpenter said.

Other DEN investors include Microsoft, Dell and Chase Capital Partners.

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