Hearst has led a consortium of investors that included a range of existing shareholders such as Sky, Liberty Global, PLDT, Catcha and Evolution Media Capital.
Malaysia-based online streaming subscription service iFlix closed a $133m funding round yesterday led by diversified media conglomerate Hearst.
The round included media groups Liberty Global and Sky, internet company Catcha Group, telecommunications firm Philippine Long Distance Telephone Company (PLDT) and Evolution Media Capital (EMC), a boutique investment bank co-founded by talent agency Creative Artists Agency.
Other participants in the round included EDBI, the investment arm of Singapore state-owned business development agency Economic Development Board, investment firm Jungle Ventures and unnamed…
