Corporates help fling more than $50m to iFlix

Jul 22, 2019 • Jack Hammond

The online streaming service is preparing an IPO after a Fidelity-led round that included corporate investors MNC, JTBC, Sky, Hearst and Yoshimoto Kogyo.

Malaysia-based online streaming platform iFlix secured “well in excess of” $50m today from investors including talent agency Yoshimoto Kogyo and media companies Media Nusantara Citra (MNC), JTBC, Sky and Hearst.

Investment and financial services group Fidelity International led the round, which also featured Evolution Media Capital (EMC), the merchant bank co-founded by talent agency CAA, and the founders of internet company Catcha Group.

Founded in 2015, iFlix provides a subscription-based video streaming platform that offers television shows, movies, live sports…

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