The Internet is really feeling like the fifth TV network these days, with the line blurring between producing content for television and the Web. For a while now, the Internet has had its own production companies like NextNew Networks and 60Frames to develop unique online “shows.”

On Thursday Net TV got another online production company, one with pedigree. Miles Beckett and Greg Goodfried, the ones behind Web hits Lonelygirl 15 and spin-off KateModern, secured $5 million in Series A venture funding to launch Eqal, their new “social entertainment” production company, which supplants an earlier effort known as LG15 Studios/Telegraph Ave. Productions.

Eqal — pronounced “Equal” — join the likes of Joss Whedon’s Mutant Enemy and Bryan Singer’s Bad Hat Harry Productions as independent production houses, only Eqal produces for the Web, not for television or film.

“It’s an exciting time for online entertainment,” Beckett and Goodfried wrote on the company blog. “There are a slew of independent producers, digital studios, and social media companies sprouting up, not to mention the fact that traditional media isn’t exactly ignoring this whole ‘internets’ thing. . . .